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Athena Silver ( (AHNR) ) has shared an announcement.
Athena Gold Corporation announced a non-brokered private placement financing of up to 10 million common shares on a flow-through basis, aiming to raise up to CDN $500,000. The proceeds will be used for the company’s Laird Lake and Oneman Lake Projects in Ontario, Canada. This move is part of Athena Gold’s strategic plan to enhance its resource exploration activities in Canada. The company is also undergoing a redomicile from Delaware to British Columbia, which includes a merger with its subsidiary, Nova Athena Gold Corp. This redomicile is expected to complete in April 2025, with the offering closing immediately after, subject to regulatory approvals.
Spark’s Take on AHNR Stock
According to Spark, TipRanks’ AI Analyst, AHNR is a Underperform.
Athena Silver’s overall stock score reflects significant financial weaknesses, primarily due to zero revenue and continuous losses. Despite positive corporate events and exploration prospects, the negative cash flows and weak technical indicators weigh heavily on the stock’s attractiveness. The potential growth from recent discoveries is a positive but secondary factor, given the company’s current financial challenges.
To see Spark’s full report on AHNR stock, click here.
More about Athena Silver
Athena Gold Corporation is a company engaged in mineral exploration and acquisition, focusing on Canadian mineral exploration properties.
YTD Price Performance: 7.69%
Average Trading Volume: 67,132
Technical Sentiment Signal: Hold
Current Market Cap: $8.28M
For a thorough assessment of AHNR stock, go to TipRanks’ Stock Analysis page.