McFarlane Lake Completes $9.25 Million Sale of Lake Properties

On October 28, 2025, McFarlane Lake Mining Limited finalized the sale of its High Lake and West Hawk Lake properties. The sale to Total Metals Corp. was valued at $9.25 million. The transaction included $7.25 million in cash and 3,333,333 common shares of Total Metals. These shares were valued at $0.60 each, while their market value averaged $1.25 on October 24.

This disposal is part of McFarlane's strategy to concentrate on its Juby Gold Project. Recently, the company issued a new Mineral Resource Estimate for Juby. CEO Mark Trevisiol noted the sale bolsters their financial position, enabling a focus on Juby's development. McFarlane plans to start drilling and explore resource expansion with ongoing environmental reviews.