Mayo Lake Minerals Inc. (MLKM) Financings
CSE: MLKM · Gold, Silver · Exploration stage
- Market cap$4.7M
- Share price$0.040
- 52-week range$0.020 – $0.065
- Shares outstanding117,626,370
- ExchangeCSE
- Properties5
- Websitewww.mayolakeminerals.com
Mayo is actively engaged in the exploration, discovery and development of three precious metal properties covering 145.6 square kilometres in the Mayo- Keno area of the Mayo Mining District. All properties lie within the traditional territory of the Na-Cho Nyäk Dun First Nation. The Mayo-Keno area lies within the Tombstone Gold Belt, where Reduced Intrusion Related Gold Deposits are attracting exploration and mine development, witness Victoria Gold’s Eagle gold mine, Hecla Mining’s silver mines at Keno and projects being actively moved forward toward mine development by Banyan Gold, Sitka Gold, and Snowline Gold. Carlin-Roop is a 44 sq.km. property with evidence suggesting the presence of high-grade silver common to the Keno Hill Silver District. The Carlin West zone has the same footprint and similar characteristics to the Elsa Mine, which produced 30M ounces of silver at 128 ounces Ag/ ton. Mayo’s 86 sq, km. Anderson-Davidson property has produced enough positive data to envisage a major mining camp in its Anderson Gold Trend where over 10,000m of linear gold in soil anomalies have been outlined. These anomalies are probably the surface indication of subsurface gold veining. At Edmonton, a broad magnetic low probably indicates an alteration halo over a buried intrusion. The presence of anomalous gold, silver and base metal geochemical anomalies in combination with positive SGH anomalies could point to a major multi-element deposit. The Mayo-Keno region is currently buzzing with activity as a result of recent discoveries that have propelled the Tombstone Gold Belt into the spotlight. Readers can access more details on the company’s website at https://www.mayolakeminerals.com/ https://w ww.maylolakeminerals.com
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Mayo Lake Minerals Inc. financial statements
Key figures read from 6 of 6 financial statement filings, May 27, 2022 to Apr 30, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | |
|---|---|---|
| Cash and equivalents | C$388,907 | C$17,537 |
| Total current assets | C$412,995 | C$30,754 |
| Total current liabilities | C$545,298 | C$687,769 |
| Working capital | (C$132,303) | (C$657,015) |
| Exploration and evaluation assets | C$5,272,962 | C$5,832,473 |
| Total assets | C$5,685,957 | C$5,863,227 |
| Total liabilities | C$545,298 | C$747,769 |
| Shareholders' equity | C$5,140,659 | C$5,115,458 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Exploration and evaluation expense | C$495 | C$231 |
| General and administrative | C$214,511 | C$228,736 |
| Share-based compensation | C$85,102 | C$267,678 |
| Net income (loss) | (C$281,556) | (C$829,917) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Operating cash flow | (C$487,419) | (C$453,763) |
| Investing cash flow | (C$808,024) | (C$48,796) |
| Financing cash flow | C$50,765 | C$518,466 |
| Exploration spending (capitalized) | (C$141,976) | (C$48,796) |
| Proceeds from share issues | C$35,775 | — |
| Change in cash | C$371,370 | C$15,907 |
| Cash at end of period | C$388,907 | C$17,537 |
Mayo Lake Minerals Inc. financings
2 financings announced or closed by Mayo Lake Minerals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-10-05 | Mayo Lake Minerals Inc. (MLKM) | Flow-through, non-brokered | Announced | $700K | $0.040 | Mayo Lake Minerals Announces Non-Brokered Private Placement of Units for up to $700,000 |
| 2026-07-22 | Mayo Lake Minerals Inc. (MLKM) | Flow-through, LIFE offering, non-brokered | Terminated | $1.9M | $0.080 | Mayo Lake Minerals Announces LIFE Financing Up To $1.89 Million Closing to Coincide with Deferred Share Consolidation on August 14, 2026 |
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