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An announcement from Group Ten Metals ( (TSE:PGE) ) is now available.
Stillwater Critical Minerals has closed a bought-deal private placement raising gross proceeds of C$17.0 million through the sale of nearly 37 million units at C$0.46 each, with each unit comprising one common share and a half warrant exercisable at C$0.64 until the end of 2028. The funds will be directed primarily toward exploration and advancement of the Stillwater West critical minerals project in Montana, as well as general corporate purposes, leaving the company well financed for its 2026 field season and positioning it to pursue near-term milestones such as drill results, government-related developments and an updated mineral resource estimate, subject to final approval from the TSX Venture Exchange.
The most recent analyst rating on (TSE:PGE) stock is a Hold with a C$0.45 price target. To see the full list of analyst forecasts on Group Ten Metals stock, see the TSE:PGE Stock Forecast page.
Spark’s Take on TSE:PGE Stock
According to Spark, TipRanks’ AI Analyst, TSE:PGE is a Neutral.
The score is held back primarily by weak financial performance (no revenue, continued losses, and cash burn). Offsetting factors include a debt-free balance sheet, constructive (but not strong) technical positioning versus key moving averages, and positive corporate events that improve funding visibility and project advancement.
To see Spark’s full report on TSE:PGE stock, click here.
More about Group Ten Metals
Stillwater Critical Minerals Corp. is a Vancouver-based exploration company focused on its flagship Stillwater West project in Montana’s Stillwater mining district, targeting a suite of nickel, platinum group elements, copper, cobalt and gold that are designated as critical minerals in the United States. The company operates in the critical minerals and battery metals sector, aiming to advance a large-scale North American source of these strategic commodities for industrial and clean energy applications.
Average Trading Volume: 819,903
Technical Sentiment Signal: Buy
Current Market Cap: C$128.4M
See more insights into PGE stock on TipRanks’ Stock Analysis page.