Maple Gold Mines (MGMLF) Stock News

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.

Maple Gold Mines (MGMLF) has expanded its Douay/Joutel property in Québec by staking 128 additional mining claims totaling 7,175 hectares, increasing its land holdings by ~17%. The new claims are located in the prospective Taibi Group sedimentary rocks, bringing the total property size to 48,146 hectares. The company has also increased its 2025 winter drill program from 10,000m to 12,000m following positive results at the Nika Zone, where drill hole DO-25-338 intersected 2.05 g/t Au over 108.6m. Re-testing of samples using screen metallics showed 2-5% higher gold values. The program is approximately 75% complete and expected to finish by May 2025. Additionally, the company announced annual equity incentive grants, including 7.1 million stock options at $0.085 per share, 2.65 million RSUs, and 750,000 DSUs to employees, officers, directors, and consultants.

Maple Gold Mines (MGMLF) has reported significant initial assay results from its 10,000-metre 2025 winter drill campaign at the Douay Gold Project in Québec. The highlight comes from drill hole DO-25-338 in the Nika Zone, which intersected 2.05 g/t gold over 108.6 metres, including 3.05 g/t gold over 55.8 metres, within a broader mineralization envelope of 1.43 g/t gold over 169.5 metres.

This result represents a significant 300-metre step-out from previous drilling and defines a new high-grade, bulk tonnage target that remains open at depth and along strike. The intercept ranks as the best ever drilled in the Nika Zone and the 5th best in Douay's history based on gold accumulation.

Additional notable results include:

• Porphyry East Zone: 15.50 g/t Au over 1.0m (DO-25-334), 3.15 g/t Au over 9.0m (DO-25-335), and 0.98 g/t Au over 35.0m (DO-25-336)
• Central Zone: 5.00 g/t Au over 1.0m (DO-25-337)

Maple Gold Mines has initiated a 10,000-metre Phase I diamond drilling program at its Douay Gold Project in Québec, Canada. The program, expected to last 3-4 months, aims to expand and upgrade the current mineral resource with a $6.3 million exploration budget for 2025.

The drilling program will allocate 70% of resources to de-risking and expanding the Douay mineral resource estimate through strategic infill and step-out holes, while 30% will test new regional targets. Key objectives include converting Inferred Resources to Indicated Resources and testing new targets.

The company plans an additional 3,000 metres of diamond drilling at Joutel in H2 2025 to extend known high-grade gold mineralization. The program will initially focus on shallow portions of the Douay mineralizing system (500m vertical depth) before moving to deeper exploration (500m).

Maple Gold Mines (TSXV: MGM) (OTCQB: MGMLF) has completed its joint venture restructuring transaction, securing 100% ownership of the Douay Gold Project and Joutel Gold Project in Québec's Casa Berardi-Douay Gold Trend. The company maintains a treasury of over $8 million and focuses on resource expansion and project de-risking.

Under the transaction terms, the previous joint venture agreement with Agnico Eagle was terminated. Maple Gold received full legal title to the properties while granting Agnico Eagle a 1.0% net smelter return royalty. Additionally, Agnico Eagle received both a Construction Option and a Restart Option, each allowing them to acquire a 50% ownership interest under specific conditions.

Maple Gold Mines (TSXV: MGM) (OTCQB: MGMLF) is advancing gold projects in Quebec's Abitibi region with a substantial 400km² land package along the Casa Berardi gold trend. The company's Douay project currently holds a 3-million-ounce gold resource. The company has secured a strategic partnership and financial backing from a major gold producer and is executing a 7,500-10,000 meter drill program to expand its resource base and establish a stronger presence in Canadian gold exploration.

Maple Gold Mines has appointed Nicholas (Nick) Furber as its new Chief Financial Officer, effective immediately. Furber brings over 25 years of experience in financial services, including 10 years as CFO of Dynasty Metals & Mining during its evolution from exploration to production. He previously worked at PricewaterhouseCoopers, specializing in accounting, mergers & acquisitions. The company has also granted 850,000 stock options at $0.055 per share to employees, officers, and consultants, exercisable for five years once vested. Former interim CFO Michael Rukus will continue with the company in another role.

Maple Gold Mines (TSXV: MGM) (OTCQB: MGMLF) announced that all proposed resolutions at its Annual General and Special Meeting of Shareholders were approved, including the restructuring transaction with Agnico Eagle Mines This transaction will give Maple Gold 100% ownership of the Douay Gold Project and the Joutel Gold Project in Québec, Canada.

Key highlights:

• Shareholders approved setting the number of directors at 5
• All nominated directors were elected with over 98% approval
• The appointment of auditors was approved with 99.56% of votes
• The amended and restated equity incentive plan was approved with 86.62% of votes
• The restructuring transaction received 97.06% approval from minority shareholders

The company expects to close the restructuring transaction soon and plans to announce a fully financed Fall/Winter drilling campaign.