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Westward Gold Inc ( (TSE:WG) ) has provided an announcement.
Westward Gold Inc. has announced a $5 million non-brokered private placement financing, with significant contributions from new and existing investors. The proceeds will primarily fund an expanded drilling program at the Toiyabe Hills Property in Nevada, enhancing the company’s operational capabilities and financial position as it continues its exploration activities.
Spark’s Take on TSE:WG Stock
According to Spark, TipRanks’ AI Analyst, TSE:WG is a Neutral.
Westward Gold Inc.’s overall score reflects its status as an exploration-stage company with no revenue yet strong financial backing. The absence of debt and successful fundraising efforts are strong points, offset by the lack of earnings and reliance on external financing. Technical indicators suggest cautious optimism, and recent corporate events positively impact the company’s growth outlook.
To see Spark’s full report on TSE:WG stock, click here.
More about Westward Gold Inc
Westward Gold is a mineral exploration company focused on developing the consolidated Toiyabe Hills Project located in the Cortez Hills area of Lander County, Nevada, and the Coyote and Rossi Projects.
Average Trading Volume: 300,235
Technical Sentiment Signal: Buy
Current Market Cap: C$25.54M
For an in-depth examination of WG stock, go to TipRanks’ Overview page.