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McFarlane Lake Mining Limited ( (TSE:MLM) ) just unveiled an announcement.
McFarlane Lake Mining Limited has signed a binding agreement with Total Metals Corp. to sell its High Lake and West Hawk Lake gold properties for approximately C$9.25 million. This sale aligns with McFarlane’s strategic focus on acquiring and developing the Juby Gold Project. Additionally, McFarlane has amended its private placement terms to raise up to C$12.5 million, which will support its growth plans.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a Canadian gold exploration and development company focusing on advancing its projects in the gold mining industry.
Average Trading Volume: 833,733
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$43.29M
For detailed information about MLM stock, go to TipRanks’ Stock Analysis page.