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The latest announcement is out from Western Alaska Minerals Corp ( (TSE:WAM) ).
Alaska Silver Corp. announced the completion of its 2025 exploration program at the Illinois Creek Project, which included drilling at Waterpump Creek South and the discovery of a new mineralization zone, Silver Sage. The company successfully completed nearly 3,000 meters of drilling and staked 46 new mining claims, highlighting its commitment to expanding its resource base and enhancing its market position in silver exploration.
Spark’s Take on TSE:WAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:WAM is a Neutral.
Western Alaska Minerals Corp shows significant weaknesses in financial performance, with no revenue, negative earnings, and reliance on external financing. The technical indicators signify a bearish trend, while valuation metrics highlight unattractiveness due to negative profitability and no dividends. The stability of the balance sheet provides some support, but overall, the stock faces considerable challenges.
To see Spark’s full report on TSE:WAM stock, click here.
More about Western Alaska Minerals Corp
Alaska Silver is a pioneer in the high-grade silver and critical minerals industry, focusing on the Illinois Creek Project in western Alaska.
Average Trading Volume: 219,978
Technical Sentiment Signal: Hold
Current Market Cap: C$57.75M
For detailed information about WAM stock, go to TipRanks’ Stock Analysis page.