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McFarlane Lake Mining Commences Trading on Frankfurt Exchange and Announces Participation in Upcoming Investor Conferences
Globenewswire· 2026-02-17 12:35
Core Viewpoint - McFarlane Lake Mining Limited has commenced trading on the Frankfurt Exchange, aiming to enhance investor awareness of its Juby Gold Project across North America and Europe [1][3]. Company Overview - McFarlane Lake Mining Limited is a Canadian gold exploration company focused on its flagship Juby Gold Project located near Gowganda, Ontario, within the Abitibi Greenstone Belt [6]. - The Juby Gold Project has a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [6][7]. Upcoming Events - The company will participate in several investor conferences, including the Red Cloud Pre-PDAC Mining Showcase on February 26-27, 2026, and the PDAC 2026 Convention from March 1-4, 2026 [2][4]. - At the Red Cloud Pre-PDAC Mining Showcase, the President & CEO will present on February 26 at 2:40 PM ET [3]. Strategic Goals - Listing on the Frankfurt Exchange is intended to strengthen access to international capital and reflects growing interest in the Juby Gold Project [3]. - The company is actively executing an exploration drilling program and additional technical studies at the Juby Project to further evaluate and advance this large-scale gold system [8]. Resource Sensitivity - A sensitivity analysis 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 and an Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold [7]. Management Engagement - Members of the management team will be available throughout the conference week to discuss recent developments and near-term plans for the Juby Gold Project [5].
McFarlane Lake Announces Appointment of New Director
Globenewswire· 2026-01-20 12:35
Core Viewpoint - McFarlane Lake Mining Limited has appointed Steve Kaszas to its board of directors, bringing over four decades of experience in the financial services industry to the company [1][2]. Company Overview - McFarlane Lake Mining Limited is a Canadian gold exploration and development company focused on its flagship Juby Gold Project located in the Abitibi Greenstone Belt, Ontario [5][8]. - The Juby Gold Project has a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [5][6]. Appointment of Steve Kaszas - Steve Kaszas has a distinguished career characterized by strategic leadership and client-focused investment management, having started at Burns Fry in 1983 and becoming a shareholder in 1984 [2][3]. - His experience includes senior leadership at The Altberg Kaszas Group at BMO Nesbitt Burns, where he has established a sophisticated client base and delivered insightful investment strategies [3]. - Kaszas is also recognized for his community engagement, receiving the Queen Elizabeth II Golden Jubilee Medal in 2003 for his contributions [4]. Future Directions - The company aims to broaden its shareholder base and continue developing the Juby Gold Project under the guidance of Steve Kaszas [5]. - McFarlane Lake is actively executing an exploration drilling program and additional technical studies at the Juby Gold Project to further evaluate and advance this large-scale gold system [7].
ARIS MINING ANNOUNCES SALE OF JUBY GOLD PROJECT TO MCFARLANE LAKE MINING
Prnewswire· 2025-07-07 12:15
Core Viewpoint - Aris Mining Corporation has signed a definitive asset purchase agreement with McFarlane Lake Mining Limited for the sale of the Juby Gold Project in Ontario, Canada, valued at US$22 million [1][2][4]. Company Overview - Aris Mining is focused on building a leading gold mining company in Latin America, with operations in Colombia and Guyana [5][6]. - The company operates two underground gold mines in Colombia, producing 210,955 ounces of gold in 2024, and aims to increase annual production to over 500,000 ounces [6][8]. Transaction Details - The Juby Gold Project includes Aris Mining's 100% interest in the project and a 25% joint venture interest in the adjacent Knight property [2]. - The total consideration for the transaction is US$22 million, consisting of US$10 million in cash at closing, common shares of McFarlane, and potential additional payments within 12 months if necessary [7][4]. - The completion of the transaction is contingent upon McFarlane raising at least US$10 million in gross proceeds and meeting other customary closing conditions [4]. Strategic Focus - The sale of the Juby Gold Project aligns with Aris Mining's strategy to concentrate on core operations in Latin America, while McFarlane aims to enhance its portfolio and shareholder value through this acquisition [3][10].