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An update from Tartisan Nickel Corp ( (TSE:TN) ) is now available.
Tartisan Nickel Corp. has closed a non-brokered flow-through financing of approximately $1 million through the issuance of 4,166,600 flow-through shares at $0.24, with no commission paid and subject to standard hold periods and regulatory review. The proceeds, designated as eligible Canadian Exploration Expenses, will fund ongoing drilling and exploration work at the company’s flagship Kenbridge Nickel-Copper-Cobalt Project in Northwestern Ontario, where management aims to expand the known resource and plans to update the market as results from the current drill program become available.
The most recent analyst rating on (TSE:TN) stock is a Hold with a C$0.20 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 Neutral.
The score is held back most by weak financial fundamentals (pre-revenue operations and persistent cash burn), partially offset by a low-leverage balance sheet. Technicals are constructive (price above major moving averages with positive MACD) but appear overextended (high RSI/Stoch). Valuation is constrained by negative earnings and no dividend, while recent corporate events are supportive due to project advancement and successful financings.
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 projects in Ontario. Its key assets include the 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, OTCQB, and Frankfurt Stock Exchange, with just over 152 million shares outstanding and 156 million fully diluted.
Average Trading Volume: 87,746
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$26.2M
Learn more about TN stock on TipRanks’ Stock Analysis page.