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Midland and SOQUEM to Launch IP Survey at High-Grade Malaco Mountain Discovery

Story Highlights
  • Midland and SOQUEM will run a 15-kilometre IP and prospecting program at Malaco Mountain to define new exploration and drilling targets.
  • The campaign builds on a 2025 high-grade copper-gold-REE discovery and is backed by a renewed $1 million annual exploration budget in the Labrador Trough.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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An update from Midland Exploration ( (TSE:MD) ) is now available.

Midland Exploration, in partnership with SOQUEM, is advancing its Malaco Mountain project in Quebec’s Labrador Trough with a 15-line-kilometre induced polarization survey and ground prospecting planned for August 2026. The work aims to refine exploration and drilling targets over the eastern part of the property by integrating geophysical, geological and geochemical data.

The campaign follows a 2025 discovery of high-grade copper, gold, silver and rare earth element mineralization in stratiform horizons and veins, where samples returned up to 31.60% copper and notable gold and REE values. The partners have confirmed continuation of their strategic alliance with a joint annual exploration budget of $1 million for Malaco Mountain and Nachicapau, underscoring a sustained push to unlock the Labrador Trough’s potential for strategic minerals.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.45 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Spark’s Take on MD Stock

According to Spark, TipRanks’ AI Analyst, MD is a Neutral.

The score is held back primarily by weak profitability and ongoing negative operating/free cash flow, despite a very strong low-debt balance sheet. Technicals are moderately supportive with the price above major moving averages and neutral momentum. Valuation is constrained by losses (negative P/E) and no dividend yield data.

To see Spark’s full report on MD stock, click here.

More about Midland Exploration

Midland Exploration Inc. is a Quebec-focused mineral exploration company specializing in the discovery of gold, copper and critical metals, working mainly through partnerships with major industry players. Through a strategic alliance with SOQUEM, a subsidiary of Investissement Québec, Midland is advancing early-stage projects in the underexplored Labrador Trough and broader Nunavik region.

Average Trading Volume: 73,231

Technical Sentiment Signal: Hold

Current Market Cap: C$50.84M

Find detailed analytics on MD stock on TipRanks’ Stock Analysis page.

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