What McFarlane Lake does

McFarlane Lake Mining Limited is a Canadian gold exploration and development company headquartered in Sudbury, Ontario, publicly traded on the CSE (MLM), OTCQB (MLMLF), and Frankfurt Exchange (W2Z) since its January 2022 reverse-takeover listing. The company operates a single-segment mineral exploration business focused on advancing a portfolio of gold properties in Ontario, with its flagship being the Juby Gold Project in the Abitibi Greenstone Belt near Gowganda, acquired from Aris Mining in September 2025. The project holds a NI 43-101 compliant Mineral Resource Estimate (effective September 29, 2025) of 1.01Moz Au Indicated at 0.98 g/t and 3.17Moz Au Inferred at 0.89 g/t at US$2,500/oz gold price, expanding to 1.20Moz Indicated and 4.23Moz Inferred at US$3,750/oz. Additional 100%-owned exploration assets include the McMillan, Mongowin, and Michaud/Munro properties. The company is pre-revenue, funding all activity through equity financings — approximately C$21.8M raised across six rounds since 2021, most recently a US$6.75M non-brokered private placement in May/June 2026 led by strategic investors Michael Gentile (US$6.35M) and Pierre Beaudoin.

The business model is investor-relations-led rather than product-led: capital is raised from institutional investors, resource-focused funds, and high-net-worth individuals via private placements and flow-through share offerings, then deployed to systematic drilling (116,000m historically at Juby, with a 13,000m campaign launched December 2025), environmental baseline studies, permitting, and metallurgical test work. The company has applied AI/machine learning (Random Forest algorithm via Mercator Geological Services) for prospectivity analysis on its former High Lake property. McFarlane is pursuing a 50,000-tonne bulk sample program targeted for 2027 as a step toward potential production, supported by +90% metallurgical recoveries using conventional processing. Leadership comprises veterans of Falconbridge/Xstrata (CEO Mark Trevisiol), Goldcorp/Kinross (CFO Brad Boland), and Harte Gold (Roger Emdin, Robert Kusins), with investor awareness built through PDAC, VRIC, Red Cloud, and Quebec City mining conferences, three exchange listings, and three engaged third-party IR firms.

Name

McFarlane Lake

Legal name

McFarlane Lake Mining Limited

Website

https://mcfarlanelakemining.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

McFarlane Lake Mining is a Canadian pre-revenue gold exploration company advancing the Juby Gold Project in Ontario's Abitibi Greenstone Belt, hosting a 4.18Moz NI 43-101 compliant gold resource. It funds operations through equity placements and targets a 2027 bulk sample.

Ownership category

akta.pro rank

Product category

Gold Exploration and Development

NAICS

Other Metal Ore Mining (212290), Support Activities for Metal Mining (213114)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Mineral resource estimates
• Gold mining development
• Exploration drilling
• Abitibi mining assets

Headquarters

HQ city

Sudbury

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Equity Financing / Capital Raises: As a pre-revenue junior gold exploration company, McFarlane Lake generates no operating revenue. All capital is raised through equity financings including private placements, flow-through share offerings, and strategic investor placements. Proceeds fund exploration drilling, technical studies, permitting, and general working capital.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

McFarlane Lake Mining is a Canadian junior gold exploration company advancing its flagship Juby Gold Project in Ontario's Abitibi Greenstone Belt, hosting a NI 43-101 compliant Mineral Resource Estimate of 1.01 Moz Au Indicated and 3.17 Moz Au Inferred. The company conducts diamond drilling, technical studies, and permitting to advance its portfolio of 100%-owned Ontario gold properties (McMillan, Mongowin, Michaud/Munro) toward potential production.

Product overview

McFarlane Lake Mining is a Canadian gold exploration company operating as a single-segment exploration business focused on advancing its portfolio of gold properties in Ontario. The company's core asset is the Juby Gold Project, a large-scale NI 43-101 compliant gold resource in the Abitibi Greenstone Belt. Additional assets include the McMillan and Mongowin properties near Sudbury and the Michaud/Munro property east of Timmins. The company conducts exploration drilling programs and technical studies to advance these properties toward potential development.

Differentiator

Problem solved

Functional benefit

Products and services

• Juby Gold Project Flagship gold exploration project located near Gowganda, Ontario in the Abitibi Greenstone Belt. Hosts an NI 43-101 compliant Mineral Resource Estimate of 1.01 Moz Au Indicated at 0.98 g/t and 3.17 Moz Au Inferred at 0.89 g/t (at US$2,500/oz), expanding to 1.20 Moz Indicated and 4.23 Moz Inferred at US$3,750/oz. Subject to a 50,000-tonne bulk sample program targeted for 2027.
• McMillan Property 100%-owned gold property located approximately 70 km southwest of Sudbury, Ontario. Comprises 12 mining leases totaling 268 hectares with historical gold production of approximately 10,591 ounces.
• Michaud/Munro Property 100%-owned property located 115 km east of Timmins along the Golden Highway, featuring numerous historic shallow gold intercepts with approximately 4,000m drilled since 1955, last drilled in 1995.
• Mongowin Property

Quantifiable outcome

• 1.01Moz Au Indicated and 3.17Moz Au Inferred at US$2,500/oz gold price, expanding to 1.20Moz Indicated and 4.23Moz Inferred at US$3,750/oz gold price
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Alliance Advisors IRcoreGTM or Marketing Partner · 6 June 2026Investor relations firm engaged for ongoing investor relations services under an automatically renewed quarterly fee arrangement of $37,500. Provides capital markets communications, investor targeting, and market awareness services for McFarlane Lake.
• The Market LinkcoreGTM or Marketing Partner · 6 June 2026Investor relations and marketing services firm engaged with a four-month contract extension for total cash compensation of US$110,000. Provides investor relations and marketing communications support.
• Emerging Markets Consulting (EMC)minorGTM or Marketing Partner · 6 June 2026Marketing services firm engaged for a three-month addendum extension at US$100,000. Provides investor relations and marketing communications services focused on emerging markets investor audiences.
• iMetal Resources Inc.minorStrategic or Co-development Partner · 26 February 2026iMetal Resources Inc. is a neighboring exploration company at the Gowganda West Gold Project. Drilling results from iMetal (0.424 g/t Au over 278.35m) are noted for their structural significance given proximity to McFarlane's Juby Deposit and emerging 826 Zone. No formal partnership agreement is mentioned, but strategic geographic proximity creates potential for future collaboration or joint development.
• Bagone'ancoreChannel Partner/ Reseller/ Distributor · 15 December 2025Indigenous-owned drilling partnership awarded a drilling contract for exploration at the Juby gold project near Gowganda, Ontario. Contract awarded as part of McFarlane's commitment to First Nations partnerships and the largest drilling effort in the property's history.
• Wiijiiwaagan Drilling Limited PartnershipcoreChannel Partner/ Reseller/ Distributor · 15 December 2025Indigenous-owned drilling partnership awarded a drilling contract for exploration at the Juby gold project. Contract awarded alongside Bagone'an as part of McFarlane's First Nations partnership strategy and the largest drilling campaign ever conducted on the property.
• Pinchin Ltd.coreImplementation/ SI/ Consulting Partner · 1 December 2025Environmental consulting firm engaged by McFarlane Lake to conduct comprehensive baseline environmental studies at the Juby Gold Project. Studies document vegetation communities, wetlands, aquatic habitats, hydrogeology, hydrology, and wildlife to support future permitting, development planning, and environmental impact assessment under Ontario's Mine Rehabilitation Code.
• Aris MiningcoreStrategic or Co-development Partner · 1 September 2025Aris Mining sold the Juby Gold Project to McFarlane Lake in September 2025, representing a transformational acquisition that positioned McFarlane as the owner of a large-scale NI 43-101 compliant gold resource in Ontario's Abitibi Belt. The acquisition was completed prior to McFarlane's recent listing and major financing rounds.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Aris Mining: Intermediate gold producer operating in the Abitibi region and globally. Aris Mining sold the Juby Gold Project to McFarlane in September 2025, so it is the direct counterparty to McFarlane's flagship acquisition and a comparable Abitibi-focused operator with overlapping jurisdictional and geological exposure.
• IAMGOLD: Intermediate gold producer with multiple operations including Côté Lake in Ontario's Abitibi region adjacent to McFarlane's Juby project. Provides a clear regional peer for jurisdictional, geological, and infrastructure benchmarking.
• Agnico Eagle Mines: Senior gold producer with extensive Abitibi operations (Detour Lake, Macassa). Provides a Tier-1 incumbent benchmark for resource scale, jurisdictional quality, and operational maturity in the same belt where McFarlane's Juby project is located.
• Alamos Gold: Intermediate gold producer with a strong foothold in the Abitibi region (Island Gold, Young-Davidson). Comparable for jurisdiction, geology, and infrastructure economics of Abitibi-hosted gold assets.

Direct peers

• McEwen Mining: Gold and silver producer led by Rob McEwen, who was McFarlane's lead investor in the C$4.5M October 2023 placement. Operates in Ontario and other jurisdictions, providing a directly comparable Abitibi/Canadian gold story with a similar growth-oriented junior mining model.
• Wesdome Gold Mines: Canadian-focused gold producer with the Eagle River mine and the recently acquired Kiena complex in Quebec's Abitibi region. Comparable as an Abitibi-focused mid-tier gold miner that has progressed from junior explorer status to producer.
• Argonaut Gold: Junior-to-mid gold producer with operations and projects in Ontario and other North American jurisdictions. Comparable as a small-cap gold company pursuing growth through exploration, development, and M&A in similar jurisdictions.
• iMetal Resources: Early-stage gold explorer with the Gowganda West Gold Project immediately adjacent to McFarlane's Juby project. Directly comparable as a neighbour exploring the same geological system and a structural proxy for Juby's exploration potential.
• NexGold Mining: Canadian gold developer with the Goliath Gold Complex in Ontario's Abitibi region. Comparable as an Abitibi-focused junior advancing toward production and recently recapitalized with new strategic investors.
• Treasury Metals: Ontario-focused gold developer advancing the Goliath Gold Complex toward production. Comparable as a Canadian junior gold developer at a similar stage of technical de-risking (permits, MRE updates, bulk sample considerations).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/McFarLakeMining
• YouTubeyoutube.com/@McFarlaneLakeMiningMLM
• Facebookfacebook.com/mcfarlanelakemining
• LinkedInlinkedin.com/company/75578809/admin
• Instagraminstagram.com/mcfarlanelakemining

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McFarlane Lake