# McFarlane Lake Mining (CSE:MLM)

> McFarlane Lake Mining Limited is a publicly traded Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the Abitibi Greenstone Belt.

## About

McFarlane Lake Mining Limited is a publicly traded Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the Abitibi Greenstone Belt. The Juby Project hosts a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category and 3.17 million ounces in the Inferred category. The company also holds a portfolio of 100%-owned gold assets across Ontario, including the McMillan Gold Mine and Michaud/Munro properties.

## Key facts

- **Cash position:** 6.5 million
- **Shares outstanding:** 244,738,654
- **Fully diluted shares:** 577.2 million
- **Warrants:** 2,939,916
- **Options:** 23,525,000
- **Mineral resource:** The Juby Project hosts a current NI 43-101 compliant Mineral Resource Estimate (MRE) (effective September 29, 2025). 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold (31.74 million tonnes). 3.17 million ounces of gold in the Inferred category at an average grade of 0.89 g/t gold (109.48 million tonnes). The estimate was calculated using a long-term gold price of US$2,500 per ounce, applying cut-off grades of 0.25 g/t gold for open pit and 1.85 g/t gold for underground resources. A sensitivity analysis completed at a higher gold price of US$3,750 per ounce indicates an Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold (39.51 million tonnes) and an Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold (154.50 million tonnes).
- **Projects:** ["Juby Project: Near Gowganda, Ontario, within the Abitibi Greenstone Belt. Ownership: 100% McFarlane Lake Mining Limited. Stage: Resource Definition – Completed MRE. Geological Setting: Archean-age Abitibi Belt – world-class gold endowment. Access & Infrastructure: Road accessible, power nearby, established mining support services. Drilling: 116,000 metres drilled to date with 90% metallurgical recoveries. Large-scale, Near-surface Gold System with Flexible Pathways to Production. Rising Gold Prices Present Huge Value Opportunity. Strong Leverage to Rising Gold Prices Enhances Returns. Expanding Margins Deliver Significant Cash Flow Growth Potential. Higher Prices Drive Asset Re‑rating Opportunity and Attract Investor Interest."]
- **Leadership:** Mark Trevisiol (President, CEO, Over 30 years of experience in mining and metals processing. Former Senior Executive in Falconbridge and Xstrata Nickel. Managed operations in mining, milling, smelting and refining. Past CEO of two public mining companies, Crowlight Minerals and Silver Bear Resources.), Brad Boland (CFO, Corporate Secretary, Over 25 years of experience in the resource industry, holding positions such as VP Finance for Goldcorp, VP Controller for Kinross, CFO for Consolidated Thompson Iron Mines, and he is currently the CFO for Kiboko Gold Inc. and Volta Metals Ltd.), Winston Whymark (Manager Exploration, Winston has worked in exploration for over 15 years, most of that time spent in gold exploration in management roles. He is manager of operations for Inventus Mining and was formerly Exploration Supervisor for Argonaut Gold.), Andrew McLellan, MSc (Senior Geologist, Andrew is a geologist with 15 years experience working in the Abitibi Greenstone belt focused on gold exploration. He has spent time working for Glencore, Trelawney Mining and Exploration, Baffinland Iron Mines, and various gold exploration companies.), Perry Dellelce (Director, Mr. Dellelce is a founder and the managing partner of Wildeboer Dellelce LLP, one of Canada’s leading corporate finance and transactional law firms. He practices in the areas of securities, corporate finance, and mergers and acquisitions.), Amanda Fullerton (Director, Ms. Fullerton has been the Vice President, Legal & Corporate Secretary of GCM Mining Corp. since March 25, 2019. She also has been the Corporate Secretary at Denarius Silver Corp. since February 2021.), Dario Zulich (Director, Mr. Zulich is an accomplished entrepreneur and community leader who has made significant contributions to the sports and entertainment industry as well as to the business and philanthropic communities in Northeastern Ontario.), Deborah Battiston (Director, Ms Battiston is a CPA and an ICD.D with over 35 years of financial management experience, 24 of which are in the public company sector, with broad experience in the mining sector.), Fergus Kerr (Director, Mr. Kerr is a Professional Mining Engineer with over 35 years of experience, including 14 years at Denison Mine’s Elliot Lake uranium mine.), Roger Emdin (Director, Roger has 30+ years in mine operations and executive leadership, including roles at Harte Gold and Sudbury Integrated Nickel.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-19 — press_release — [MLM:CNX_2026-05-19_06-39-27.pdf](https://chat.orbiton.app/mlm/preview/51303?documentId=51303)
- 2026-04-29 — press_release — [McFarlane Lake Mining Fast-Tracks Juby Gold Project Growth, Initiating MRE Update and Advancing the Extraction of Bulk Sample of Gold Mineralization](https://chat.orbiton.app/mlm/preview/34252?documentId=34252)
- 2026-04-23 — financials — [MLM:CNX_2026-04-23_15-41-39.pdf](https://chat.orbiton.app/mlm/preview/30953?documentId=30953)
- 2026-04-23 — mda — [MLM:CNX_2026-04-23_15-41-38.pdf](https://chat.orbiton.app/mlm/preview/30954?documentId=30954)
- 2026-04-23 — financials — [MLM:CNX_2026-04-23_15-39-08.pdf](https://chat.orbiton.app/mlm/preview/30955?documentId=30955)
- 2026-04-13 — press_release — [New Drilling Intersects 136 metres of 0.67 g/t Gold](https://chat.orbiton.app/mlm/preview/26488?documentId=26488)
- 2026-04-07 — press_release — [McFarlane Lake Mining Announces Warrant Extension](https://chat.orbiton.app/mlm/preview/23224?documentId=23224)
- 2026-03-30 — press_release — [Drilling intersects 92.6 metres (m) of 0.95 g/t gold](https://chat.orbiton.app/mlm/preview/22621?documentId=22621)

## Investor FAQ

### [Latest news?](https://chat.orbiton.app/mlm/faq/latest-news)

The latest news from McFarlane Lake Mining includes the announcement of a fast-tracked growth initiative for the Juby Gold Project, which involves initiating an update to the Mineral Resource Estimate and advancing the extraction of a bulk sample of gold mineralization. This was reported on April 29, 2026.

### [Upcoming catalysts?](https://chat.orbiton.app/mlm/faq/upcoming-catalysts)

Upcoming catalysts for McFarlane Lake Mining include the release of interim consolidated financial statements and MD&A for the period ended November 30, 2025, which are expected in Q1 2026. Specific dates for these announcements have not yet been disclosed.

## Live AI chat

- https://chat.orbiton.app/mlm/chat
- Investor website: https://mcfarlanelakemining.com/