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The latest announcement is out from Gabriel Resources ( (TSE:GBU) ).
Gabriel Resources Ltd. announced an extension granted by the TSX Venture Exchange to complete its non-brokered private placement of up to 37,441,457 units at C$0.105 per unit, now set to close by November 13, 2025. The proceeds from this offering, which has already raised approximately C$2.8 million from its first tranche, will be used for general corporate purposes, including pursuing an ICSID annulment application and covering critical operational expenses. The offering is subject to regulatory approvals and includes a four-month hold period under Canadian securities laws.
Spark’s Take on TSE:GBU Stock
According to Spark, TipRanks’ AI Analyst, TSE:GBU is a Underperform.
Gabriel Resources is in a precarious financial state with severe operational challenges and no revenue generation. The technical analysis indicates a weak stock position, and the negative P/E ratio underscores significant valuation concerns. Recent corporate events further highlight financial and legal challenges, making the stock a high-risk investment with a very low score.
To see Spark’s full report on TSE:GBU stock, click here.
More about Gabriel Resources
Gabriel Resources Ltd. is a Canadian resource company listed on the TSX Venture Exchange. The company’s primary focus has been the exploration and development of the Roșia Montană gold and silver project in Romania, which is one of the largest undeveloped gold deposits in Europe. Gabriel Resources holds an 80.69% equity interest in the Roșia Montană Gold Corporation S.A., with the remaining 19.31% held by Minvest Roșia Montană S.A., a Romanian state-owned mining company.
Average Trading Volume: 25,913
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$27.93M
Learn more about GBU stock on TipRanks’ Stock Analysis page.