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An update from Zephyr Minerals ( (TSE:ZFR) ) is now available.
Zephyr Minerals plans to raise up to C$200,000 through a non-brokered private placement of up to 4 million units priced at C$0.05, each unit comprising one common share and a two-year warrant exercisable at C$0.10, with proceeds earmarked for general working capital and advancing permitting on its Dawson Gold project in Colorado. The company has completed the first quarter of a five-quarter groundwater monitoring and analytical program at the Dawson Gold deposit and remains on schedule to finish by the end of 2026, after which it intends to resubmit a mining permit application in Colorado; management also noted cautious optimism that a newly appointed Zimbabwean Minister of Mines could improve the prospects for long-pending prospecting orders, developments that collectively aim to de-risk Dawson’s path to production and potentially expand Zephyr’s exploration footprint.
The most recent analyst rating on (TSE:ZFR) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Zephyr Minerals stock, see the TSE:ZFR Stock Forecast page.
Spark’s Take on TSE:ZFR Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZFR is a Neutral.
The score is primarily constrained by the pre-revenue model with ongoing losses and negative cash flow (despite improvement in 2024), which keeps financial and valuation quality below average. Technicals are supportive with price trading above major moving averages, but overbought signals temper the upside near term.
To see Spark’s full report on TSE:ZFR stock, click here.
More about Zephyr Minerals
Zephyr Minerals Ltd. is a mineral exploration and development company focused on obtaining a mining permit for its 100%-owned Dawson Gold property in Colorado, which hosts an inferred high-grade gold resource supported by a prior preliminary economic assessment showing robust project economics. The company also has applications pending in Zimbabwe for two Exclusive Prospecting Orders covering 124,000 hectares in areas considered prospective for gold and lithium, reflecting a broader strategic interest in precious and battery metals.
Average Trading Volume: 29,168
Technical Sentiment Signal: Buy
Current Market Cap: C$4.35M
For an in-depth examination of ZFR stock, go to TipRanks’ Overview page.