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MCFARLANE LAKE MINING LIMITED - MLMLF STOCK NEWS

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 Ltd (MLMLF) is a Canadian gold exploration and development company with a focus on mineral properties in Ontario and Manitoba. With recent achievements in extending gold mineralization at the High Lake property, McFarlane Lake is committed to resource expansion and exploration. The company recently added new claims to its property, highlighting significant drilling results indicative of high-grade gold deposits. McFarlane Lake aims to utilize the proceeds from a proposed non-brokered private placement to further explore and develop its properties, enhancing its overall resource base and potential.

Rhea-AI Summary
McFarlane Lake Mining Limited has closed the first tranche of its non-brokered private placement offering, raising approximately $3,671,620. The company has upsized the offering to a total of $4,600,000 due to strong investor demand.
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McFarlane Lake Mining has started environmental baseline studies on its High Lake property to support future permitting efforts. The studies will include surface and groundwater sampling, a species-at-risk study, and a preliminary geochemical characterization. EAG Inc. will lead the studies.
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McFarlane Lake Mining announces non-brokered private placement offering to raise up to C$4.5 million
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McFarlane Lake Mining commissions geological compilation of High Lake property to generate digital dataset for exploration targets using AI. Potential for expansion of high-grade gold resource. AI to be used to analyze dataset for future drilling targets. Inferred ounces: 96,200. Indicated ounces: 45,800.
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FAQ

What is the current stock price of MCFARLANE LAKE MINING (MLMLF)?

The current stock price of MCFARLANE LAKE MINING (MLMLF) is $0.038 as of February 18, 2025.

What is the market cap of MCFARLANE LAKE MINING (MLMLF)?

The market cap of MCFARLANE LAKE MINING (MLMLF) is approximately 3.5M.

What does McFarlane Lake Mining Ltd specialize in?

McFarlane Lake is focused on gold exploration and development in Canada.

What recent achievements has McFarlane Lake Mining Ltd had?

The company has extended gold mineralization at the High Lake property and added new claims showcasing high-grade gold deposits.

How does McFarlane Lake Mining Ltd plan to utilize the proceeds from its private placement?

The company intends to use the proceeds for further exploration and resource expansion, particularly at the High Lake property.

Where can I find more information about McFarlane Lake Mining Ltd?

For additional details, visit the company's profile on SEDAR at www.sedarplus.ca.
MCFARLANE LAKE MINING LIMITED

OTC:MLMLF

MLMLF Rankings

MLMLF Stock Data

3.52M
168.09M
26.19%
1.02%
Gold
Basic Materials
Link
Canada
Sudbury