Maple Gold Mines Ltd. reports news on gold exploration and development at its 100%-owned Douay and Joutel projects in Québec's Abitibi region, including mineral resource estimates, step-out drilling, assay results and geological targeting along the Casa Berardi-Douay Gold Trend.
Company updates also cover the past-producing Joutel Mine Complex, including the Eagle and Telbel mine areas and the Main Iron Carbonate Horizon, as well as corporate items such as equity incentive grants, warrant exercises, capital structure updates, board and management changes, and U.S. OTCQX trading status.
Maple Gold (OTCQX: MGMLF) received $2,315,779.10 from the early exercise of 2,724,446 warrants by investor Michael Gentile, raising his undiluted ownership to ~8.4% from ~4.7%.
The company now reports approximately $29 million cash, no debt and ~70 million shares outstanding, supporting a fully funded 30,000-metre drill program and upcoming H1 2026 catalysts including updated mineral resource estimates.
Maple Gold (OTCQX: MGMLF) reported initial assays from seven drill holes at Joutel showing multiple shallow, high-grade intervals including 8.5 g/t Au over 8.0 m and 7.6 g/t Au over 5.3 m. Five assays exceeded 20.0 g/t Au with a high of 40.8 g/t Au over 0.5 m. A fully funded 30,000 m Douay/Joutel program is ~57% complete and the company expects a maiden Joutel MRE in H1 2026. Technical team additions aim to accelerate resource growth.
Maple Gold (OTCQX: MGMLF; TSXV: MGM; FSE: M3G0) appointed Dustin Isaacs as independent director and chair and Sarah Herriott as VP, Investor Relations & Corporate Development, both effective January 7, 2026.
The company also graduated to trading on the OTCQX Best Market under ticker MGMLF to improve U.S. investor visibility and liquidity. The Board approved equity incentive grants of 275,000 stock options exercisable at $2.15 per share, vesting in three equal tranches over 24 months, with a five-year exercise period. Certain directors elected to receive Deferred Share Units as part of director fees.
Maple Gold Mines (OTCQB: MGMLF) announced results from its Annual General and Special Meeting held on November 26, 2025. All proposed resolutions were approved by voting shareholders.
Key voting outcomes: the full board slate was elected with director totals showing 99.91% to 99.06% votes in favour across nominees; appointment of auditors passed with 99.63% support. An Amended and Restated Equity Incentive Plan was approved with 89.13% FOR and 10.87% AGAINST. The report lists vote counts, withheld/abstain amounts, and a consistent non-vote tally of 2,564,267 shares for director-related items.
Maple Gold (OTCQB: MGMLF) commenced a fully funded 30,000-meter Phase II diamond drill program at its 100%‑owned Douay (20,000 m) and Joutel (10,000 m) projects in Québec on November 19, 2025. The $10 million program uses four rigs and follows a 12,240 m Phase I campaign that intersected gold in every hole and returned multiple higher-grade intercepts (e.g., 3.05 g/t Au over 55.8 m). The company reported a cash position of approximately $20.5 million, completed equity raises of $18 million in 2025, initiated an updated Douay MRE and a maiden Joutel MRE, and granted 1,975,000 stock options at $1.38 per share.
Maple Gold Mines (OTCQB: MGMLF; TSXV: MGM) on November 3, 2025 highlighted a district-scale gold opportunity in Québec. The company noted an established, multi-million-ounce gold resource at its Douay project and a past-producing, high-grade gold mine at its Joutel project.
Maple Gold said it is advancing exploration and development across a 481 km2 land package that straddles the Casa Berardi break in Québec's Abitibi Gold Belt and provided a video overview of its position and assets.
Maple Gold (OTCQB: MGMLF) announced arrangements for its Annual General and Special Meeting on Wednesday, November 26, 2025 at 1:00 p.m. (Vancouver time) at the company offices in Vancouver.
Due to the ongoing Canada Post service disruption, the company confirmed Meeting Materials are available electronically on SEDAR+ and the company website, and advised alternative voting methods. The company waived the proxy cut-off per applicable Canadian Securities Administrators' Coordinated Blanket Order 51-932. Contact options: info@maplegoldmines.com or +1 (647) 265-8688. Requested physical copies will be mailed once postal service resumes.
Maple Gold Mines (OTCQB: MGMLF) has announced a 10:1 share consolidation effective September 8, 2025. The consolidation will reduce the company's outstanding shares from 457,448,465 to approximately 45,744,846 shares.
The company's name and stock symbol will remain unchanged, though new CUSIP and ISIN numbers will be assigned. All outstanding incentive stock options, warrants, and convertible securities will be proportionally adjusted. Registered shareholders will receive letters of transmittal with instructions to exchange their pre-consolidation shares through Computershare Trust Company.
Maple Gold Mines (OTCQB:MGMLF) has reported significant drilling results from its 12,240-metre winter campaign at the 100%-owned Douay Gold Project in Québec. The program revealed notable high-grade gold extensions in two key zones: the 531 Zone yielded 4.87 g/t Au over 15.0m including 11.25 g/t Au over 5.0m, while the Nika Zone produced 2.21 g/t Au over 31m including 5.54 g/t Au over 7m.
The campaign, completed under budget at $300/m, successfully extended mineralization 200m below current pit shells in the 531 Zone and 600m in the Nika Zone. All 21 drill holes intersected gold mineralization, validating the company's targeting strategy. The results will support a planned Mineral Resource Estimate update in H2 2025.