McFarlane Lake Mining Limited (MLM) Financings
CSE: MLM · Gold · Advanced Exploration stage
- Market cap$259.6M
- Share price$0.440
- 52-week range$0.065 – $0.680
- Shares outstanding589,920,756
- ExchangeCSE
- Properties8
- Websitemcfarlanelakemining.com
McFarlane Lake Mining Limited is a Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the established Abitibi Greenstone Belt. Its holdings also include the McMillan and Mongowin gold properties, both of which have seen past production, located approximately 70 km west of Sudbury, Ontario, and the Michaud/Munro property, located 115 km east of Timmins along the so-called ‘Golden Highway’.
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McFarlane Lake Mining Limited financial statements
Key figures read from 3 of 3 financial statement filings, Sep 6, 2025 to Jul 23, 2026. Each column is the period as the company first filed it.
Balance sheet: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| May 2026 | Feb 2026 | Aug 2025 | May 2025 | |
|---|---|---|---|---|
| Cash and equivalents | — | — | — | C$306,616 |
| Short-term investments | C$645,567 | C$1,500,000 | C$0 | — |
| Total assets | C$7,021,837 | C$10,252,391 | C$598,858 | C$533,053 |
| Debt | — | — | — | C$60,000 |
| Total liabilities | C$18,348,048 | C$17,141,208 | C$1,533,953 | C$757,270 |
| Shareholders' equity | (C$11,326,211) | (C$6,888,817) | (C$935,095) | (C$224,217) |
Income statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 3M May 2026 | 3M Feb 2026 | 3M May 2025 | 3M Feb 2025 | |
|---|---|---|---|---|
| Exploration and evaluation expense | C$2,206,093 | C$890,246 | C$517,042 | C$664,460 |
| General and administrative | C$121,863 | C$137,489 | C$72,984 | C$83,271 |
| Share-based compensation | C$553,468 | C$831,086 | C$14,961 | C$91,222 |
| Net income (loss) | (C$5,511,347) | (C$5,329,994) | (C$844,350) | (C$654,393) |
Cash flow statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 9M May 2026 | 6M Feb 2026 | 9M May 2025 | 6M Feb 2025 | |
|---|---|---|---|---|
| Operating cash flow | (C$18,983,895) | (C$15,898,025) | (C$2,014,174) | (C$1,116,176) |
| Investing cash flow | C$151,965 | (C$7,500) | C$0 | C$0 |
| Financing cash flow | C$24,003,745 | C$23,483,260 | C$1,177,939 | C$0 |
| Proceeds from share issues | C$8,071,560 | C$8,071,560 | C$1,177,939 | C$0 |
| Change in cash | C$5,171,815 | C$7,577,735 | (C$836,235) | (C$1,116,176) |
| Cash at end of period | C$5,575,775 | C$7,953,589 | C$306,616 | C$26,675 |
McFarlane Lake Mining Limited financings
2 financings announced or closed by McFarlane Lake Mining Limited, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-19 | McFarlane Lake Mining Limited (MLM) | Private placement, bought deal | Closed, 1 tranche | $17.3M | $0.525 | McFarlane Lake Mining Ltd. Press Releases |
| 2026-05-28 | McFarlane Lake Mining Limited (MLM) | Private placement, non-brokered | Closed, 1 tranche | $6.8M | $0.120 | McFarlane Lake Announces $6.75 Million Investment Led by Strategic Investors – Michael Gentile and Pierre Beaudoin |
McFarlane Lake Mining Limited debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments McFarlane Lake Mining Limited has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-08-19 | Notes / bonds, amended | — | US$1.7M | 15%, matures 2027-10-31 |
| 2026-07-28 | Notes / bonds, partly repaid | — | US$10.96M | 15%, matures 2026-10-26 |
| 2025-09-16 | Loan, closed / funded | — | US$15M | — |
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