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Tartisan Nickel Corp ( (TSE:TN) ) has provided an update.
Tartisan Nickel Corp. has closed a $1.325 million flow-through private placement, issuing 6,625,000 flow-through shares at $0.20 each, subject to a standard four-month-plus-one-day hold period. The gross proceeds will be directed to advancing exploration and development at its 100%-owned Kenbridge Nickel-Copper-Cobalt Project in Northwestern Ontario, underscoring the company’s focus on progressing its critical minerals portfolio; the financing also involved payment of a 6% cash commission and 6% broker warrants to eligible agents, reflecting continued capital markets support for its flagship project.
The most recent analyst rating on (TSE:TN) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Tartisan Nickel Corp stock, see the TSE:TN Stock Forecast page.
Spark’s Take on TSE:TN Stock
According to Spark, TipRanks’ AI Analyst, TSE:TN is a Underperform.
Tartisan Nickel Corp’s stock score is driven by severe financial performance challenges, including zero revenue and persistent losses. The technical indicators suggest weak momentum, and the valuation is negatively impacted by the absence of profitability and dividends. However, recent corporate events offer potential growth opportunities in mineral exploration, providing a glimmer of hope for future improvements.
To see Spark’s full report on TSE:TN stock, click here.
More about Tartisan Nickel Corp
Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company focused on nickel, copper, cobalt and silver assets in Ontario. Its key holdings include the 100%-owned Kenbridge Nickel Project near Sioux Narrows, the Sill Lake Silver Property near Sault Ste. Marie, and the Night Danger Turtle Pond project near Dryden. The company’s common shares trade on the Canadian Securities Exchange, the OTCQB, and the Frankfurt Stock Exchange, with 147,299,041 shares outstanding and 151,325,756 fully diluted.
Average Trading Volume: 105,504
Technical Sentiment Signal: Buy
Current Market Cap: C$24.23M
For a thorough assessment of TN stock, go to TipRanks’ Stock Analysis page.