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McFarlane Lake Mining Limited (MLM) Financials

CSE: MLM · Gold · Advanced Exploration stage

McFarlane Lake Mining Limited is a Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the established Abitibi Greenstone Belt. Its holdings also include the McMillan and Mongowin gold properties, both of which have seen past production, located approximately 70 km west of Sudbury, Ontario, and the Michaud/Munro property, located 115 km east of Timmins along the so-called ‘Golden Highway’.

McFarlane Lake Mining Limited financial statements

Key figures read from 4 of 4 financial statement filings, Sep 6, 2025 to Jul 23, 2026. Each column is the period as the company first filed it.

Balance sheet: quarterly key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

May 2026Feb 2026Nov 2025Aug 2025
Short-term investmentsC$645,567C$1,500,000C$3,600,000C$0
Total assetsC$7,021,837C$10,252,391C$14,440,550C$598,858
Total liabilitiesC$18,348,048C$17,141,208C$17,145,459C$1,533,953
Shareholders' equity(C$11,326,211)(C$6,888,817)(C$2,704,909)(C$935,095)

Income statement: quarterly key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

3M May 20263M Feb 20263M Nov 20253M May 2025
Exploration and evaluation expenseC$2,206,093C$890,246C$29,519,435C$517,042
General and administrativeC$121,863C$137,489C$104,263C$72,984
Share-based compensationC$553,468C$831,086C$1,358,858C$14,961
Net income (loss)(C$5,511,347)(C$5,329,994)(C$22,870,500)(C$844,350)

Cash flow statement: quarterly key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

9M May 20266M Feb 20263M Nov 20259M May 2025
Operating cash flow(C$18,983,895)(C$15,898,025)(C$13,487,595)(C$2,014,174)
Investing cash flowC$151,965(C$7,500)(C$7,500)C$0
Financing cash flowC$24,003,745C$23,483,260C$23,378,260C$1,177,939
Proceeds from share issuesC$8,071,560C$8,071,560C$8,071,560C$1,177,939
Change in cashC$5,171,815C$7,577,735C$9,883,165(C$836,235)
Cash at end of periodC$5,575,775C$7,953,589C$10,309,910C$306,616

McFarlane Lake Mining Limited financings

6 financings announced or closed by McFarlane Lake Mining Limited, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-08-19McFarlane Lake Mining Limited (MLM)Private placement, bought dealClosed, 1 tranche$17.3M$0.525McFarlane Lake Mining Ltd. Press Releases
2026-05-28McFarlane Lake Mining Limited (MLM)Private placement, non-brokeredClosed, 1 tranche$6.8M$0.120McFarlane Lake Announces $6.75 Million Investment Led by Strategic Investors – Michael Gentile and Pierre Beaudoin
2025-09-16McFarlane Lake Mining Limited (MLM)DebtAnnouncedUS$15.0M—McFarlane’s Debt Financing of Us$15M Fully Subscribed
2025-08-26McFarlane Lake Mining Limited (MLM)Flow-through, LIFE offering, non-brokeredClosed, 1 trancheUS$15.0M$0.150McFarlane Lake Announces up to Us$25 Million of Financing in Support of Its Proposed Acquisition of the Juby Gold Project
2025-02-25McFarlane Lake Mining Limited (MLM)Flow-through, LIFE offering, non-brokeredClosed, 1 tranche$1.3M$0.050McFarlane Lake Announces Private Placement Offering of up to $1 Million
2024-05-17McFarlane Lake Mining Limited (MLM)Flow-through, non-brokeredClosed, 2 tranches$1.2M$0.045McFarlane Lake Announces up to C$1 Million Private Placement

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