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McFarlane Lake Mining Limited ( (TSE:MLM) ) just unveiled an update.
McFarlane Lake Mining Limited has announced the sale of its High Lake and West Hawk Lake properties to Total Metals Corp. for $9.25 million. The transaction, which includes cash and shares, is expected to close by October 31, 2025, and is contingent upon Total Metals raising $10 million in financing. This sale allows McFarlane to focus on its core projects and could impact its operational strategy and market positioning.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a Canadian gold exploration company focused on advancing its flagship Juby Gold Project in Ontario’s Abitibi Greenstone Belt. The company holds a portfolio of 100%-owned gold assets across Ontario and Manitoba, including the past-producing McMillan Gold Mine and other properties.
Average Trading Volume: 1,029,515
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$33.82M
Find detailed analytics on MLM stock on TipRanks’ Stock Analysis page.