Announcement • 10h
McFarlane Lake Mining Limited announced that it expects to receive CAD 6.75 million in funding McFarlane Lake Mining Limited announced a non-brokered private placement to issue 56,250,000 at an issue price of CAD 0.12 for the proceeds of CAD 6,750,000 on May 28, 2026. Transaction is led by a strategic investment from well-known mining investor Michael Gentile, who has agreed to subscribe for up to CAD 6,350,000 of the Offering, with Pierre Beaudoin, committing to subscribe for the balance. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional Common Share at a price of CAD 0.16 per Common Share for a period of 36 months from the date of issuance. Closing of the Offering is subject to customary conditions, including receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. All securities issued pursuant to the Offering will be subject to a statutory hold period in accordance with applicable securities laws. Upon closing, Mr. Gentile is expected to hold approximately 19.67% of the Company’s issued and outstanding shares on a partially diluted basis New Risk • 17h
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$6.9m). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$61.5m market cap, or US$44.6m). Announcement • 22h
McFarlane Lake Mining Limited announced that it has received CAD 6.7 million in funding McFarlane Lake Mining Limited announced that it has received CAD 6.75 million in a round of funding led by from strategic investment from well-known mining investor Michael Gentile on May 28, 2026. The transaction also included participation new individual investor Pierre Beaudoin. The company has common stock in the transaction. 
