MCFARLANE LAKE MINING LIMITED Stock Price, News & Analysis

McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) announced an amendment to an existing option grant of 35,100,000 stock options originally issued on November 2, 2024. The amended Options are exercisable into common shares at $0.15 per share (replacing the prior $0.10 exercise price) and expire on November 2, 2030.

The change aligns the exercise price with the company’s recent LIFE financing completed at $0.15 per share in two tranches on September 26, 2025 and October 9, 2025. The amended grant remains subject to Canadian Securities Exchange acceptance and execution of option agreements by holders. All other terms, including vesting, remain unchanged and continue to be governed by the company’s stock option plan.

McFarlane Lake Mining (OTC:MLMLF) updated progress at the Juby Gold Project near Shining Tree, Ontario on November 3, 2025. The project hosts a NI 43-101 MRE of 1.01 Moz Indicated at 0.98 g/t (31.74 Mt) and 3.17 Moz Inferred at 0.89 g/t (109.48 Mt), effective September 29, 2025.

The company is sampling ~2,000 m of previously unsampled historic core, gearing for a 10,000–15,000 m diamond drill program, hiring northern Ontario field staff, engaging First Nations partners, commissioning environmental baseline proposals, and retaining Alliance Advisors IR. The board approved 35.1M stock options at $0.10/share exercisable to November 2, 2030.

McFarlane Lake Mining (OTCQB:MLMLF / CSE:MLM) will present at the Red Cloud Fall Mining Showcase on November 4-5, 2025 in Toronto. Management will hold one-on-one investor meetings and deliver a company presentation on November 4 at 3:20pm ET.

Presentation topics include progress at the Juby property, key 2025 milestones, recently acquired project details, planned drill programs, and the strategic path toward resource definition and potential development. Senior leadership available: Mark Trevisiol, CEO, and Brad Boland, CFO. The event offers investors direct engagement on the company’s value-creation roadmap.

McFarlane Lake Mining (OTCQB:MLMLF / CSE:MLM) closed the sale of the High Lake and West Hawk Lake properties to Total Metals for $9.25 million consideration on October 28, 2025.

McFarlane received $7.25 million in cash plus 3,333,333 common shares of Total Metals issued at a deemed price of $0.60 per share; Total Metals' five‑day average on the TSXV was $1.25 as of October 24, 2025. The company said the sale strengthens its balance sheet and lets management concentrate on advancing the Juby Gold Project, where a new Mineral Resource Estimate was announced October 7, 2025. McFarlane added that planned drilling at Juby is fully funded and a drill permit application has been submitted, and environmental baseline proposals are under review.

McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) announced an investor relations agreement with Alliance Advisors IR dated October 22, 2025. The initial engagement runs three months through January 31, 2026 for a total fee of $37,500 CAD to provide PR, media, social media and stakeholder relations support related to McFarlane's portfolio, including the recently added Juby Project. The agreement is pending approval by the Canadian Securities Exchange and contains a 60-day termination notice after the initial term. No securities will be issued as compensation and Alliance Advisors reports no interest in the company.

McFarlane Lake Mining (CSE: MLM; OTCQB: MLMLF) signed a definitive asset purchase agreement to sell its High Lake and West Hawk Lake properties for $9.25 million in total consideration.

Consideration is $7.25 million cash on closing plus 3,333,333 Total Metals common shares issued at a deemed price of $0.60/share. Completion is conditional on Total Metals raising at least $10 million in gross proceeds from a concurrent financing and customary regulatory and third-party approvals, with the transaction expected to close on or before October 31, 2025.

McFarlane Lake Mining (OTCQB:MLMLF) closed the final tranche of a non‑brokered private placement on October 10, 2025, completing a total raise of $9,335,500 through issuance of 61,936,665 Units and 300,000 flow‑through shares at $0.15 per unit/FT share.

The Final Tranche issued 5,829,998 Units for gross proceeds of approximately $874,500. Each Unit comprises one common share and one‑half warrant; warrants issued in the Final Tranche are exercisable at $0.25 from 60 days after closing until October 9, 2028.

Insiders subscribed for about $190,000. Proceeds are earmarked for general working capital and corporate purposes. The Offering used the Listed Issuer Financing Exemption (LIFE) and remains subject to final CSE acceptance.

McFarlane Lake (OTCQB: MLMLF) filed an amended and restated offering document on SEDAR+ to reflect recent developments in its listed issuer financing exemption Offering.

Key updates include: closing of the first tranche of the Offering on Sept 29, 2025, a US$15 million bridge financing, completion of the Juby Project acquisition and interest in Knight Properties under the July 7, 2025 asset purchase agreement, and an initial Mineral Resource Estimate for Juby announced on Oct 7, 2025. All other Offering terms remain unchanged. The company expects to close the second tranche on or about Oct 9, 2025, subject to required regulatory approvals including CSE approval.

McFarlane Lake Mining (OTCQB:MLMLF) reported a NI 43-101 Mineral Resource Estimate for the Juby Gold project with an effective date of September 29, 2025. The MRE shows Indicated 1.01 Moz Au at 0.98 g/t (31.74 Mt) and Inferred 3.17 Moz Au at 0.89 g/t (109.48 Mt) within open pit and underground shapes. Reporting used cut-offs of 0.25 g/t (OP) and 1.85 g/t (UG) based on a long‑term gold price of US$2,500/oz, 92% metallurgical recovery and specified mining/processing costs. A sensitivity at US$3,750/oz yields ~5.42 Moz Au. The company has applied for an exploration permit and a NI 43‑101 technical report will be filed within 45 days.