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The latest update is out from McFarlane Lake Mining Limited ( (TSE:MLM) ).
McFarlane Lake Mining Limited has successfully closed the final tranche of its $9.34 million equity financing, raising a total of $9,335,500 through the issuance of units and flow-through shares. The funds will be used for general working capital and corporate purposes, with the aim of advancing the Juby Gold project. The company’s CEO, Mark Trevisiol, highlighted the importance of this funding in progressing the project and increasing its gold resources, which is crucial for their market positioning and stakeholder confidence.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a Canadian gold exploration and development company focused on the Juby Gold project near Gowganda, Ontario. The project boasts an inferred resource of 3.17 million ounces of gold.
Average Trading Volume: 1,033,884
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$36.53M
For a thorough assessment of MLM stock, go to TipRanks’ Stock Analysis page.