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Westhaven Ventures ( (TSE:WHN) ) has shared an announcement.
Westhaven Gold Corp. has successfully closed a non-brokered private placement, raising $3.16 million through the sale of units and flow-through units, with significant participation from Eric Sprott and Earthlabs Inc. The funds will be used to expand exploration drilling at the Shovelnose gold project and advance the potential of high-grade underground mining opportunities, enhancing the company’s strategic position in the gold exploration sector.
Spark’s Take on TSE:WHN Stock
According to Spark, TipRanks’ AI Analyst, TSE:WHN is a Neutral.
Westhaven Ventures faces significant financial obstacles with no revenue and increasing losses affecting its financial health. While technical indicators show a neutral outlook, the company’s unattractive valuation further impacts its score. The promising preliminary economic assessment of the Shovelnose Project offers some positive potential but carries uncertainty. Overall, the stock’s performance is hindered by financial and valuation challenges.
To see Spark’s full report on TSE:WHN stock, click here.
More about Westhaven Ventures
Westhaven Gold Corp. is a gold-focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold mineralization within the Spences Bridge Gold Belt in southern British Columbia. The company controls approximately 61,512 hectares across four gold properties in this underexplored region, with the Shovelnose Gold project being the most advanced.
Average Trading Volume: 204,005
Technical Sentiment Signal: Sell
Current Market Cap: C$32.55M
For detailed information about WHN stock, go to TipRanks’ Stock Analysis page.