Welcome to our dedicated page for MCFARLANE LAKE MINING news (Ticker: MLMLF), a resource for investors and traders seeking the latest updates and insights on MCFARLANE LAKE MINING stock.
McFarlane Lake Mining Limited (MLMLF) is a Canadian gold exploration company focused on advancing high-grade mineral resources through systematic drilling and geophysical surveys. This news hub provides investors and industry professionals with centralized access to official updates and analysis on the company's exploration progress and strategic developments.
Track key updates including project milestones, technical reports, and corporate announcements. All content is verified for accuracy and compliance with NI-43-101 standards, offering reliable insights into the company's operations across Ontario's mining regions.
Discover how McFarlane Lake Mining combines historical data with modern exploration techniques to expand its resource base. Stay informed about drilling results, quality control measures, and partnerships that shape the company's growth trajectory.
Bookmark this page for real-time updates and in-depth coverage of MLMLF's activities in the competitive gold exploration sector. Access essential news and press releases in one trusted location for informed decision-making.
McFarlane Lake Mining (OTCQB:MLMLF) has announced significant financing arrangements totaling up to US$25 million to support its acquisition of the Juby Gold Project. The financing package includes a US$15 million bridge financing with potential expansion to US$20 million, and a concurrent US$10 million equity offering.
The bridge financing, secured by company assets, carries a 15% annual interest rate and includes up to 48 million warrants at C$0.15 per share. The equity offering involves issuing up to 92.7 million common shares and flow-through shares at C$0.15 per share. Upon completion, Aris Mining Holdings will become a significant shareholder with a 19.9% stake in McFarlane Lake.
The transaction is expected to close around September 11, 2025, subject to regulatory approvals and customary closing conditions.
McFarlane Lake Mining (OTCQB:MLMLF) has initiated a mineral resource estimate (MRE) update at its Juby Gold Project, expecting a significant increase in contained gold ounces. The company plans to use a higher gold price assumption of $2,400-$2,800 per ounce USD and lower the cut-off grade to 0.2 g/t.
The historical resource contains 773,000 oz of indicated gold (21.31M tonnes at 1.13 g/t) and 1.49M oz of inferred gold (47.15M tonnes at 0.98 g/t). The update will include approximately 10,000 meters of new drilling not previously captured. BBA E&C Inc. has been selected to provide the updated independent MRE.
The acquisition requires a $10M USD initial payment, with remaining $12M USD (cash and shares) due within 12 months of closing.
McFarlane Lake Mining (OTCQB:MLMLF) has announced its proposed acquisition of the Juby Gold Project, one of Ontario's largest undeveloped gold properties, from Aris Mining Holdings Corporation. The project contains a significant historical gold resource of 773,000 oz indicated (21.31M tonnes at 1.13 g/t) and 1.49M oz inferred (47.15M tonnes at 0.98 g/t) using a 0.4 g/t cutoff grade.
The acquisition includes four defined gold mineralized zones along an 8.7-kilometer strike length and a 25% ownership in the Knight Joint Venture, which includes the Tyanite property with historical production of 232,000 oz at 5 g/t gold. The project is strategically located in the Abitibi Greenstone Belt with excellent infrastructure access, including proximity to provincial highway 560 and high voltage power lines.
Aris Mining (NYSE-A: ARMN) has announced the sale of its Juby Gold Project in Ontario, Canada to McFarlane Lake Mining (CSE: MLM) for a total consideration of US$22 million. The transaction includes Aris Mining's 100% interest in Juby and 25% joint venture interest in the adjacent Knight property.
The deal structure comprises US$10 million in cash payable at closing, McFarlane common shares up to 19.9% of post-financing share capital, and potential additional payment within 12 months to reach the total purchase price. The transaction's completion is contingent on McFarlane raising minimum US$10 million in financing and is expected to close within 90 days.
McFarlane Lake Mining (OTCQB:MLMLF) has announced significant gold discoveries at its McMillan Mine property near Sudbury, Ontario. The company's drill hole MLMM-25-11 intersected 29.5 meters of 1.3 gpt gold approximately 200 meters below surface, including a high-grade core of 20.1 gpt gold over 1.45m within 6.6 gpt gold over 4.55m.
A notable discovery includes a geophysical electromagnetic "Superconductor" near hole MLMM-25-11, located 180m below surface, with conductance levels of 50,000 to 100,000 Siemens, significantly higher than previous findings of 500-1,000 Siemens. The company has also confirmed strong continuity of gold mineralization over a 500m plunge length in the McMillan Gold Structure.
McFarlane Lake Mining Limited (CSE:MLM)(OTCQB:MLMLF) announced the transition of its stock listing from Cboe Canada to the Canadian Securities Exchange (CSE). The company's common shares will commence trading on the CSE under the symbol "MLM" starting May 8, 2025, following their delisting from Cboe Canada at market close on May 7, 2025.
McFarlane Lake Mining Limited (OTCQB:MLMF) has announced its upcoming listing on the Canadian Securities Exchange (CSE) effective May 8, 2025, under the symbol "MLM". The company will simultaneously delist from Cboe Canada at market close on May 7, 2025. CEO Mark Trevisiol highlighted that joining the CSE, which hosts over 350 mining and exploration companies, aligns with McFarlane's growth strategy and aims to increase investor visibility for their gold properties development initiatives.
McFarlane Lake Mining has announced significant drilling results from its McMillan Mine property near Sudbury, Ontario. The key highlight is hole MLMM-25-07, which intersected 6.2 g/t gold over 6.45 metres within a broader zone of 14.9 metres grading 3.0 g/t gold, including a high-grade section of 57.2 g/t gold over 0.45 metres.
Recent drilling in hole MLMM-25-09 has discovered five new mineralized zones, with two containing visible gold. The company's exploration program has also revealed promising polymetallic potential, with anomalous copper (0.36%), cobalt (0.11%), and nickel (0.07%) assays.
The company is utilizing Electro Magnetic (EM) geophysics to guide exploration, identifying a new EM plate beneath old mine workings at depths between 550-700 metres from surface. This discovery suggests potential for major expansion of mineralization at the McMillan Mine, which remains open along strike and at depth on the western side.
McFarlane Lake Mining (MLMLF) has successfully closed the final tranche of its upsized private placement offering, raising a total of $1.3 million. The final tranche consisted of 2,800,000 units at $0.05 per unit and 700,000 flow-through shares at $0.07 per share, generating approximately $189,000.
The company issued a total of 25,120,000 units and 700,000 flow-through shares through the offering. Each unit includes one common share and half a warrant, with warrants exercisable at $0.07 per share until October 10, 2025.
The proceeds will primarily fund exploration activities at the company's Canadian properties, focusing on the McMillan Property, while supporting ongoing exploration at West Hawk Lake and High Lake Properties. The company is currently conducting drill testing of geophysical anomalies at the McMillan Mine site, with additional drilling results expected in the coming weeks.
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