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Benchmark Metals Inc ( (TSE:TAU) ) has issued an update.
Thesis Gold Inc. has announced a C$20 million bought deal private placement with Scotia Capital Inc. and Clarus Securities Inc. as underwriters. The funds raised will be used for Canadian exploration expenses related to the Lawyers Ranch project. Centerra Gold Inc. intends to participate in the offering to maintain its shareholding interest. The offering is subject to TSX Venture Exchange approval and is expected to close by July 3, 2025.
The most recent analyst rating on (TSE:TAU) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Benchmark Metals Inc stock, see the TSE:TAU Stock Forecast page.
Spark’s Take on TSE:TAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:TAU is a Neutral.
Benchmark Metals Inc. has a challenging financial situation due to its lack of revenue and negative free cash flow, which weighs heavily on its stock score. However, the stock’s positive technical indicators and recent strategic developments in resource expansion provide potential upside. The current valuation remains concerning due to a negative P/E ratio, but future project advancements could improve this outlook.
To see Spark’s full report on TSE:TAU stock, click here.
More about Benchmark Metals Inc
Thesis Gold Inc. is a resource development company focused on its 100% owned Lawyers-Ranch Project in British Columbia’s Toodoggone Mining District. The company aims to unlock significant value through exploration, drilling, and strategic project assessments, with a recent Preliminary Economic Assessment highlighting strong project economics.
Average Trading Volume: 530,185
Technical Sentiment Signal: Hold
Current Market Cap: C$244.7M
See more insights into TAU stock on TipRanks’ Stock Analysis page.