Sable Resources ( (TSE:SAE) ) has issued an announcement.
Sable Resources Ltd. has entered into agreements with Osisko Gold Royalties Ltd. for a potential $10.8 million in proceeds by selling third-party royalties and granting a 1% net smelter return royalty on its British Columbia properties. This transaction provides Sable with immediate non-dilutive financing of $3.8 million and the potential for an additional $7 million, which will strengthen the company’s treasury and support ongoing exploration and acquisition opportunities.
Spark’s Take on TSE:SAE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SAE is a Underperform.
The overall score is heavily impacted by Sable Resources’ poor financial performance, characterized by persistent losses, negative equity, and inadequate cash flows. While technical indicators and corporate events provide some positive outlooks, the company’s negative valuation metrics and financial instability underscore significant risks.
To see Spark’s full report on TSE:SAE stock, click here.
More about Sable Resources
Sable Resources Ltd. is a well-funded junior grassroots explorer focused on discovering Tier-One new precious metal and copper projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. The company is actively exploring projects in San Juan Province, Argentina, and British Columbia, Canada.
YTD Price Performance: 35.00%
Average Trading Volume: 43,299
Technical Sentiment Signal: Hold
Current Market Cap: $7.24M
For a thorough assessment of SAE stock, go to TipRanks’ Stock Analysis page.