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The latest update is out from McFarlane Lake Mining Limited ( (TSE:MLM) ).
McFarlane Lake Mining Limited 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, located in the Abitibi Greenstone Belt, has significant historical gold resources and potential for growth, with infrastructure in place to support development. This acquisition enhances McFarlane’s position in the gold exploration space, marking a strategic shift towards resource development, and is expected to strengthen its operations and stakeholder engagement.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited operates in the gold exploration and development industry. The company focuses on expanding its gold resource base, transitioning from solely exploring to developing gold resources, particularly in Ontario, Canada.
Average Trading Volume: 312,056
Current Market Cap: C$13.53M
See more insights into MLM stock on TipRanks’ Stock Analysis page.