Silver North Resources Stock (OTC: TARSF)

Latest news for Silver North Resources (OTC:TARSF) Stock

Silver North Resources Ltd. is a Canada-based company, which is focused on silver discoveries in the Keno Hill Silver District of the Yukon, including Silver North's Haldane Project, where high grade silver has been identified in drilling at two target areas. It holds the Tim silver property in the southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 kilometers (km) from the Silvertip mine.

TSXV:SNAG

TARSF

Silver North Announces Closing of Final Tranche of Private Placement

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Source: Clive Maund 05/17/2024

Technical Analyst Clive Maund takes a look at Silver North Resources Ltd. to explain why it is an Immediate Strong Buy.

Expert Says Silver Stock Is in a Favorable Buy Spot

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Silver North Resources Ltd

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<table style='width:fit-content; border: none;'><tr style='background: none;'><td colspan='10' style='padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://silvernorthres.com/'><img src="https://thenewswire.com/data/tnw/clients/logos/1A0vFQ1d7.png?t=1693268537" alt="Silver North Resources Ltd." /></a></td></tr><tr style='background: none;'><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://thenewswire.com/api/apps/tnw/r?i=1A0vFQ1d7&m=fac'><img src="https://thenewswire.com/data/tnw/img/fac.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://thenewswire.com/api/apps/tnw/r?i=1A0vFQ1d7&m=twi'><img src="https://thenewswire.com/data/tnw/img/twi.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://thenewswire.com/api/apps/tnw/r?i=1A0vFQ1d7&m=lin'><img src="https://thenewswire.com/data/tnw/img/lin.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://thenewswire.com/api/apps/tnw/r?i=1A0vFQ1d7&m=you'><img src="https://thenewswire.com/data/tnw/img/you.png" /></a></td><td style='padding: 0; margin: 0; border: none; background: none;'></td></tr></table>


  


Vancouver, BC, July 18, 2024 – TheNewswire – Silver North Resources Ltd. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/SNAG#TSXV">SNAG</a>, OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/TARSF#OTCQB">TARSF</a>) "Silver North" or the "Company") is pleased to announce that it has closed the third and final tranche (the "Final Tranche") of its non-brokered private placement (the "Offering") for gross proceeds of $89,000. Further to the Company's news releases dated June 21, 2024 and June 28, 2024, the Company has raised aggregate gross proceeds of $827,380 in the Offering.


 


In connection with the closing of the Final Tranche the Company issued 556,250 non-flow-through units of the Company (the "NFT Units") at a price of $0.16 per NFT Unit for gross proceeds of $89,000. Each NFT Unit is comprised of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant") of the Company. Each Warrant entitles the holder thereof to purchase one Share (a "Warrant Share") until July 18, 2028 at an exercise price of $0.35 per Warrant Share. 


 


The Company intends to use the proceeds from the Final Tranche for general corporate and working capital purposes.


 


In connection with the closing of the Final Tranche the Company issued 10,937 finder's warrants (the "Finder's Warrants") and paid a cash commission of $1,750 to Canaccord Genuity Corp. Each Finder's Warrant entitles the holder thereof to purchase one Share (a "Finder's Warrant Share") at a price of $0.16 per Finder's Warrant Share until July 18, 2025. The Finder's Warrants issued in connection with the Final Tranche are subject to a statutory hold period and may not be traded until November 19, 2024, except as permitted by applicable securities legislation. 


 


Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), a portion of the NFT Units, and the charity flow-through units ("CFT Units" and together with the NFT Units, the "Offered Securities") were offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). Because a portion of the Offering was completed pursuant to the Listed Issuer Financing Exemption, that portion of securities issuable from the sale of the Offered Securities to Canadian resident subscribers in the Offering are not subject to a hold period pursuant to applicable Canadian securities laws. 93,750 NFT Units sold in the Final Tranche were issued pursuant to certain private placement exemptions under NI 45-106. Those NFT Units are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company's profile at <a href="http://www.sedarplus.ca" title="www.sedarplus.ca">www.sedarplus.ca</a> and on the Company's website at <a href="http://www.silvernorthres.com" title="www.silvernorthres.com">www.silvernorthres.com</a>. Prospective investors should read this offering document before making an investment decision.


 


The securities described herein have not been, and will not be, registered under the U.S. Securities Act, as amended, or any state securities laws, and accordingly, may not be offered or sold within the United States or the US persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.


 

<a href='' target='_blank'></a>About Silver North Resources Ltd.


 


Silver North's primary assets are its 100% owned Haldane silver project (next to Hecla Mining Inc.'s Keno Hill Mine project), the Tim silver project (under option to Coeur Mining, Inc. in the Silvertip/Midway District, BC and Yukon) and the GDR project also in the Silvertip/Midway district. Silver North also plans to acquire additional silver properties in favourable jurisdictions.


 


The Company is listed on the TSX Venture Exchange under the symbol "SNAG", trades on the OTCQB market in the United States under the symbol "TARSF", and under the symbol "I90" on the Frankfurt Stock Exchange.


 


Mr. Jason Weber, P.Geo., President and CEO of Silver North Resources Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.


 

<a href='' target='_blank'></a>For further information, contact:





Jason Weber, President and CEO





Sandrine Lam, Shareholder Communications





Tel: (604) 807-7217





Fax: (888) 889-4874


 


To learn more visit: <a href='' target='_blank'></a><a href='http://www.silvernorthres.com/' target='_blank'>www.silvernorthres.com</a> 





X: <a href='https://x.com/SilverNorthRes' target='_blank'>https://x.com/SilverNorthRes</a>





LinkedIn: https://<a href='http://www.linkedin.com/company/silvernorth-res-ltd/' target='_blank'>www.linkedin.com/company/silvernorth-res-ltd/</a>


 


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD- LOOKING STATEMENTS.






<a href='' target='_blank'></a>NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES




Copyright (c) 2024 TheNewswire - All rights reserved.

Source: <a href="https://www.streetwisereports.com/article/2024/05/17/expert-says-silver-stock-is-in-a-favorable-buy-spot.html?utm_medium=feed">Clive Maund 05/17/2024</a>

Technical Analyst Clive Maund takes a look at Silver North Resources Ltd. to explain why it is an Immediate Strong Buy.

It&#39;s a good time to take another look at Silver North Resources Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TARSF#OTC">TARSF</a>) because it is at another favorable buy spot. While the fundamentals of the company have been covered in previous articles, there has been one significant piece of news since we last looked at it a month ago, which is that SILVER NORTH OPTIONS GDR SILVER PROJECT.

Given the extraordinarily positive outlook for silver, it makes sense for the company to acquire more prospective ground, especially as it is close to their existing Tim property and is, therefore, logical from a logistical point of view.

Jason Weber, P.Geo., President and CEO of Silver North, commented, &quot;The GDR acquisition represents a strategic move to acquire additional ground prospective for high-grade CRD silver mineralization in this under-explored district. &quot;Despite the early-stage nature of these properties, all three have favorable characteristics for CRD mineralization. In particular, the Veronica claim group has a strong, unexplained multielement soil geochemical anomaly just west of our Tim Property. This complements the Tim Property nicely and gives Silver North access to more of the prospective stratigraphy in this district.&quot;

Before we move on to consider the all-important stock charts, it&#39;s worth grounding ourselves in the fundamental circumstances of the company by means of some interesting slides lifted from the company&#39;s latest Investor Deck.

The company&#39;s two main properties are Haldane and Tim, both located in the Yukon Territory in Canada, some details of which are provided on the following slide.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773213_1.jpg" style="height:441px; width:786px" />

The next slide shows the location of these two Yukon properties.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773231_2.jpg" style="height:735px; width:1000px" />

The following slide shows the view from Mt. Haldane and gives an idea of the local terrain.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773248_3.jpg" style="height:487px; width:1000px" />

The company&#39;s plans for the Haldane Project are summarized on this slide.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773307_4.jpg" style="height:442px; width:789px" />

The company&#39;s other main project, the Tim property, is optioned to Coeur Mining, as detailed on this slide.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773326_4.jpg" style="height:442px; width:792px" />

Lastly, this slide shows that of the 43.4 million shares is issue, more than half are owned by Management, Funds and Private Individuals, leaving 47% to Retail Investors.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773343_5.jpg" style="height:441px; width:830px" />

If you want more information, especially regarding the company&#39;s properties and geology, go to the company&#39;s latest investor deck.

Turning now to the charts, we will soon see that we have another good entry point for Silver North Resources here following its dip this month back to the lower boundary of what can now be seen to be a rectangular trading range on its 6-month chart that is a &quot;staging post&quot; on its way to breaking out of the Triple Bottom base pattern that can clearly be seen on its longer-term charts.

The volume dieback on this dip is bullish, and the rising 50-day moving average is now coming into play beneath to drive an advance against the background of an increasingly strong silver price. If, as expected, it proceeds to break out the top of the rectangular trading range, it will soon lead to a bullish cross of the moving averages, which will mark the start of a major bull market.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773410_6.jpg" style="height:857px; width:690px" />

On the 2-year chart, we can see in some detail the Triple Bottom that has formed since last October, how the price is now advancing away from the third low of the pattern, and a breakout from the entire base pattern will be signaled by the price breaking above the band of resistance that marks its upper boundary, which as we can see is at CA$0.28 &ndash; CA$0.30, and while it is still some way from achieving this, the flip side of this is that the stock will have doubled in price from its current level by the time it gets to the breakout point.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773431_7.jpg" style="height:857px; width:684px" />

The 5-year chart is most encouraging as it shows us the recent base pattern in the context of the severe bear market that preceded it. This chart makes plain that Silver North is at a most attractive price for buyers here as it is clear that once it breaks out of the base pattern by clearing the nearby resistance, a major bull market will be in prospect that will result in substantial gains from the current low price.

The Accumulation line at the top of this chart is trending strongly higher, indicating a high probability that this scenario will eventuate, and the MACD indicator shows plenty of upside potential from here.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202451773453_8.jpg" style="height:857px; width:684px" />

We, therefore, stay long, and Silver North is rated an Immediate Strong Buy for an advance soon from the lower boundary of its current rectangular trading range that will result in significant percentage gains from the current price as it moves toward breaking out of the base pattern into a major bull market.

The immediate first target for the advance is the top of the current trading range at CA$0.19 &ndash; CA$0.20.

Silver North Resources Ltd.&nbsp;closed at CA$0.15, US$0.12 on May 16, 2024.

Important Disclosures:

<ol>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North Resources Ltd.</li>
	<li>Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing this article. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in this content accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed</li>
	<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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