MCFARLANE LAKE MINING LIMITED Stock Price, News & Analysis

McFarlane Lake Mining (OTC:MLMLF) submitted an Exploration Permit to the Ontario Ministry of Mines for the Juby Gold Project on October 6, 2025, enabling up to 10,000 metres of drilling expected to start before year-end.

The campaign will include IP and magnetic geophysical surveys to refine targets. McFarlane has also begun an environmental baseline study to support future permitting, advance a first closure plan, and position for an Advanced Exploration Permit that could allow bulk sampling and offsite shipment of initial high‑grade ore. An updated Mineral Resource Estimate is expected in the coming days. The company describes the project as hosting a near‑surface gold resource (non‑compliant with NI 43‑101).

McFarlane Lake Mining (OTCQB:MLMLF) has completed the acquisition of the Juby Gold Project and a 25% joint venture interest in the Knight property from Aris Mining Corporation for US$22 million. The purchase was financed through US$13.17 million in cash and the issuance of 82.02 million shares to Aris Mining, making them a 19.9% stakeholder.

To fund the acquisition, McFarlane secured US$15 million through a debenture offering with 15% senior secured debentures and warrants, plus C$8.46 million through an equity financing consisting of units and flow-through shares. The company expects to announce an updated NI 43-101 compliant Mineral Resource Estimate in the coming days.

McFarlane Lake Mining (OTCQB:MLMLF) has announced two significant transactions: the sale of its High Lake and West Hawk Lake gold properties to Total Metals Corp. for C$9.25 million, and an amended private placement offering to raise up to C$12.5 million.

The Total Metals deal includes C$7.25 million in cash and C$2 million in common shares, with an expected closing date of October 31, 2025. The amended equity offering consists of up to 66.6 million units at C$0.15 per unit and up to 16.6 million flow-through shares at C$0.15 per share. Each unit includes one common share and half a warrant exercisable at C$0.25 for three years.

The proceeds will primarily fund the company's proposed acquisition of the Juby Gold Project from Aris Mining Holdings Corp., representing a strategic shift in McFarlane's focus.

McFarlane Lake Mining (OTCQB:MLMLF) has announced that its US$15 million debt financing is now fully subscribed. This financing, along with a concurrent US$10 million equity offering, will primarily fund the acquisition of the Juby Gold Project from Aris Mining Holdings Corp.

The transaction, which includes both the Juby Properties and an interest in the Knight Properties, is expected to close on September 19, 2025. The company views this as a strategic step towards acquiring what they consider one of Ontario's premier gold properties.

McFarlane Lake Mining (OTC:MLMLF) updated progress at the Juby Gold Project near Shining Tree, Ontario, reporting a NI 43-101 MRE effective Sept 29, 2025 of 1.01 Moz Indicated @ 0.98 g/t (31.74 Mt) and 3.17 Moz Inferred @ 0.89 g/t (109.48 Mt). The company reviewed >110,000 m of historic core, identified ~10,000 m unsampled core (2,000 m top priority) for imminent assays, and plans a 10,000–15,000 m diamond drill program. Corporate moves: IR engagement, First Nations engagement, environmental baseline proposals, and grant of 35.1M stock options exercisable at $0.10 until Nov 2, 2030.

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.