Latest news with #MarkTrevisiol
The Market Online
7 hours ago
- Business
- The Market Online
North America's lone cobalt refinery begins path to production
Electra Battery Materials (TSXV:ELBM) has initiated its early works program towards restarting North America's only cobalt refinery Electra is a critical minerals company focused on cobalt sulfate refining, nickel refining and battery recycling for the North American lithium-ion battery market Electra Battery Materials stock has given back 38.56 per cent year-over-year Electra Battery Materials (TSXV:ELBM) has initiated its early works program towards restarting North America's only cobalt refinery. The battery-grade facility, located north of Toronto, employs hydrometallurgical processing with a low-carbon focus, and could play a potentially meaningful role in onshoring North America's critical metals supply chain and increasing the continent's stake in the growing US$17 billion cobalt market, which is expected to post a 6.7 per cent compound annual growth rate through 2030. The early-works program, which will cost an estimated C$750,000, will focus primarily on the refinery's solvent extraction (SX) facility, including: Installing previously delivered processing equipment. Pouring reinforced concrete bases for extraction tanks. Finalizing roofing work. Concurrently, tender and engineering preparations are underway to streamline the path to full-scale construction. These activities follow a C$200,000 upgrade to the refinery's septic, power and lighting systems, as well as the recent delivery of a prefabricated electrical house. The restart is partially supported by US$20 million from the U.S. Department of Defense under the Defense Production Act, awarded in August 2024, in addition to funding from Canada's Strategic Innovation Fund. According to Thursday's news release, 'backed by strong government endorsements and the refinery already significantly advanced, Electra expects it will be able to finalize the balance of the financing required to move the refinery into production.' Leadership insights 'The early works program represents a critical step in transitioning the refinery site back to construction mode,' Mark Trevisiol, vice president of Projects at Electra Battery Materials, said in a statement. 'By focusing on key infrastructure, particularly in the SX area, we are ensuring the site is ready for a seamless ramp-up as soon as full funding is in place.' 'This project reflects our disciplined approach to advancing the refinery project,' commented Electra's chief financial officer, Marty Rendall. 'The early works program enables us to build critical infrastructure and maintain project momentum while we work to finalize the remaining elements of our funding package.' 'Our early works program is a clear signal: Electra is not standing still,' added Trent Mell, Electra's CEO. 'The early works program lays the physical and operational groundwork to accelerate into full construction. We are confident in our project and its strategic importance. Preparing for the final leg of construction is a reaffirmation of our commitment to delivering North America's only battery-grade cobalt refinery.' About Electra Battery Materials Electra is a critical minerals company focused on cobalt sulfate refining, nickel refining and battery recycling for the North American lithium-ion battery market. Electra Battery Materials stock (TSXV:ELBM) opened unchanged trading at C$1.45. The stock has given back 38.56 per cent year-over-year. Join the discussion: Find out what everybody's saying about this critical metals company on the Electra Battery Materials Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
10 hours ago
- Business
- Yahoo
Electra Commences Early Works to Support Restart of North America's Only Cobalt Refinery
TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ('Electra' or the 'Company') announces the launch of an early works program at its cobalt refinery north of Toronto, reaffirming the Company's commitment to onshoring North America's critical minerals processing and building a resilient, domestic battery materials supply chain. The early works program encompasses targeted site-level activities designed to prepare for the restart of full-scale construction. The initiative reflects growing momentum around the project, supported by strategic funding from both the U.S. and Canadian governments. The work, budgeted at approximately C$750,000, is particularly focused on advancing the solvent extraction facility. 'The early works program represents a critical step in transitioning the refinery site back to construction mode,' said Mark Trevisiol, Vice President, Projects at Electra. 'By focusing on key infrastructure, particularly in the SX area, we are ensuring the site is ready for a seamless ramp-up as soon as full funding is in place.' Work scheduled over the summer will focus on advancing high-priority activities in the solvent extraction (SX) area, which is a key component of Electra's hydrometallurgical refining circuit. Crews will relocate and install SX processing equipment previously delivered to site, pour reinforced concrete bases for the SX tanks, and complete structural roofing work on the SX building. In parallel, tender preparation and engineering support activities will proceed to facilitate the transition to full construction. These works follow a C$200,000 investment earlier this year into the septic, power and lighting systems, as well as the recent delivery and placement of the site's prefabricated electrical house, all further enhancing construction readiness. 'This project reflects our disciplined approach to advancing the refinery project,' said Electra CFO, Marty Rendall. 'The early works program enables us to build critical infrastructure and maintain project momentum while we work to finalize the remaining elements of our funding package.' The early works initiative is partially supported by a US$20 million award from the U.S. Department of Defense under the Defense Production Act, announced in August 2024. This funding underscores the strategic role of Electra's refinery in strengthening domestic industrial capacity and securing North America's critical minerals supply chain. The project has also received support from Canada's Strategic Innovation Fund. 'Our early works program is a clear signal: Electra is not standing still,' said Trent Mell, CEO of Electra. 'The early works program lays the physical and operational groundwork to accelerate into full construction. We are confident in our project and its strategic importance. Preparing for the final leg of construction is a reaffirmation of our commitment to delivering North America's only battery-grade cobalt refinery.' Electra's refinery is the only project in North America designed to produce battery-grade cobalt sulfate at scale. By integrating advanced hydrometallurgical processing and pursuing low-carbon production pathways, Electra is redefining how critical minerals are refined, offering a cleaner, traceable alternative to overseas supply chains. Following a temporary pause in construction in 2023, Electra has continued to make strategic progress toward completing the remaining financing needed to bring the cobalt sulfate refinery into full commercial operation. With foundational funding already secured, including significant contributions from both the U.S. and Canadian governments, the Company is actively advancing complementary funding initiatives to support project completion. Backed by strong government endorsements and the refinery already significantly advanced, Electra expects it will be able to finalize the balance of the financing required to move the refinery into production. About Electra Battery Materials Electra is a leader in advancing North America's critical minerals supply chain for lithium-ion batteries. Currently focused on developing North America's only cobalt sulfate refinery, Electra is executing a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to establishing the cobalt sulfate refinery, Electra's strategy includes nickel refining and battery recycling. Growth projects include integrating black mass recycling at its existing refining complex, evaluating opportunities for cobalt production in Bécancour, Quebec, and exploring nickel sulfate production potential in North America. For more information, please visit ContactHeather SmilesVice President, Investor Relations & Corporate Development Electra Battery Materialsinfo@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as 'plans', 'expects', 'estimates', 'intends', 'anticipates', 'believes' or variations of such words, or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'occur' or 'be achieved'. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Among the bases for assumptions with respect to the potential for additional government funding are discussions and indications of support from government actors based on certain milestones being achieved. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at and on EDGAR at Other factors that could lead actual results to differ materially include changes with respect to government or investor expectations or actions as compared to communicated intentions, and general macroeconomic and other trends that can affect levels of government or private investment. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A photo accompanying this announcement is available at
Hamilton Spectator
10 hours ago
- Business
- Hamilton Spectator
Electra Commences Early Works to Support Restart of North America's Only Cobalt Refinery
TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ('Electra' or the 'Company') announces the launch of an early works program at its cobalt refinery north of Toronto, reaffirming the Company's commitment to onshoring North America's critical minerals processing and building a resilient, domestic battery materials supply chain. The early works program encompasses targeted site-level activities designed to prepare for the restart of full-scale construction. The initiative reflects growing momentum around the project, supported by strategic funding from both the U.S. and Canadian governments. The work, budgeted at approximately C$750,000, is particularly focused on advancing the solvent extraction facility. 'The early works program represents a critical step in transitioning the refinery site back to construction mode,' said Mark Trevisiol, Vice President, Projects at Electra. 'By focusing on key infrastructure, particularly in the SX area, we are ensuring the site is ready for a seamless ramp-up as soon as full funding is in place.' Work scheduled over the summer will focus on advancing high-priority activities in the solvent extraction (SX) area, which is a key component of Electra's hydrometallurgical refining circuit. Crews will relocate and install SX processing equipment previously delivered to site, pour reinforced concrete bases for the SX tanks, and complete structural roofing work on the SX building. In parallel, tender preparation and engineering support activities will proceed to facilitate the transition to full construction. These works follow a C$200,000 investment earlier this year into the septic, power and lighting systems, as well as the recent delivery and placement of the site's prefabricated electrical house, all further enhancing construction readiness. 'This project reflects our disciplined approach to advancing the refinery project,' said Electra CFO, Marty Rendall. 'The early works program enables us to build critical infrastructure and maintain project momentum while we work to finalize the remaining elements of our funding package.' The early works initiative is partially supported by a US$20 million award from the U.S. Department of Defense under the Defense Production Act, announced in August 2024. This funding underscores the strategic role of Electra's refinery in strengthening domestic industrial capacity and securing North America's critical minerals supply chain. The project has also received support from Canada's Strategic Innovation Fund. 'Our early works program is a clear signal: Electra is not standing still,' said Trent Mell, CEO of Electra. 'The early works program lays the physical and operational groundwork to accelerate into full construction. We are confident in our project and its strategic importance. Preparing for the final leg of construction is a reaffirmation of our commitment to delivering North America's only battery-grade cobalt refinery.' Electra's refinery is the only project in North America designed to produce battery-grade cobalt sulfate at scale. By integrating advanced hydrometallurgical processing and pursuing low-carbon production pathways, Electra is redefining how critical minerals are refined, offering a cleaner, traceable alternative to overseas supply chains. Following a temporary pause in construction in 2023, Electra has continued to make strategic progress toward completing the remaining financing needed to bring the cobalt sulfate refinery into full commercial operation. With foundational funding already secured, including significant contributions from both the U.S. and Canadian governments, the Company is actively advancing complementary funding initiatives to support project completion. Backed by strong government endorsements and the refinery already significantly advanced, Electra expects it will be able to finalize the balance of the financing required to move the refinery into production. About Electra Battery Materials Electra is a leader in advancing North America's critical minerals supply chain for lithium-ion batteries. Currently focused on developing North America's only cobalt sulfate refinery, Electra is executing a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to establishing the cobalt sulfate refinery, Electra's strategy includes nickel refining and battery recycling. Growth projects include integrating black mass recycling at its existing refining complex, evaluating opportunities for cobalt production in Bécancour, Quebec, and exploring nickel sulfate production potential in North America. For more information, please visit . Contact Heather Smiles Vice President, Investor Relations & Corporate Development Electra Battery Materials info@ 1.416.900.3891 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release may contain forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as 'plans', 'expects', 'estimates', 'intends', 'anticipates', 'believes' or variations of such words, or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'occur' or 'be achieved'. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Among the bases for assumptions with respect to the potential for additional government funding are discussions and indications of support from government actors based on certain milestones being achieved. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at and on EDGAR at . Other factors that could lead actual results to differ materially include changes with respect to government or investor expectations or actions as compared to communicated intentions, and general macroeconomic and other trends that can affect levels of government or private investment. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A photo accompanying this announcement is available at
Yahoo
28-05-2025
- Business
- Yahoo
McFarlane Discovers New High Grade Gold Mineralization West of the McMillan Mine Returning 8.5 GPT Gold Over 4.10 Metres
TORONTO, ON / / May 27, 2025 / McFarlane Lake Mining Limited (CSE:MLM)(OTCQB:MLMLF), ("McFarlane Lake" or "the Company"), a Canadian gold exploration and development company, today announces results of recent exploration drilling at its 100% owned McMillan Mine property located approximately 70 kilometres west of Sudbury, Ontario. Exploration Highlights Hole MLMM-25-09 was drilled in an unexplored area west of the McMillan Mine to intersect several overlapping Electro Magnetic Plates (EM Plates) or geophysical anomalies (Figure 1). The hole intersected three zones of mineralization returning 13.3 gpt gold over 2.60 m within 8.5 gpt gold over 4.10 m (Zone 1), 32.9 gpt gold over 0.7 m within 3.7 gpt gold over 7.25 m (Zone 2) and 5.1 gptgold over 4.25 m within 2.2 gpt gold over 16.05 m (Zone 3). Gold mineralization has now been extended 80 meters to the west (along strike) and at depth to the deepest intercept on the property at 530 metres from surface (Figure 1 and Figure 2). Down Hole Geophysics continue to add significant value to exploration at the McMillan Mine, with all recent mineralized intersections occurring within the boundaries of identified EM plates. Assays on Holes MLMM-25-10 and MLMM-25-11 are pending. Hole MLMM-25-10 was drilled to target an EM plate below the historic mine workings while hole MLMM-25-11 was drilled to test the trend of gold mineralization to surface (see Figure 1 and 2). Both drill holes intersected the targeted mineralization with visible gold present. Figure 1 - Drill Hole MLMM-25-09 gold intercepts - Looking North-East Table 1 - Drill Hole MLMM-25-09 Highlight Gold Intercepts (1) Thicknesses are core lengths; true widths are not known. All three holes (MLMM-09, MLMM-10, MLMM-11) represent significant step outs from the McMillan mine workings extending the depth of mineralization from 275 meters below the historic mine to 540 meters in depth (Figure 2). Hole MLMM-25-09 demonstrates excellent continuity of mineralization extending the mineralized envelope over 80 m to the west of hole MLMM-25-03 and over 120 m west of the historic workings of the McMillan Mine. Hole MLMM-25-11 intersected mineralization (assays pending) approximately 200 meters vertically below surface and 100 metres east of the historic mine workings. The extension of this zone to surface, which remains open, will be tested in future drilling. Prospecting for the surface expression of this mineralization is under way. Hole MLMM-25-10 tested a strong Borehole EM anomaly approximately 60 metres below the historic mine workings and was successful in intersecting a large, mineralized zone with visible gold. "Expanding the gold mineralization envelope is our near-term exploration goal, and we just achieved that, pushing it east, west and at depth. It just keeps getting bigger," said Mark Trevisiol, Chairman and CEO of McFarlane Lake Mining. This recent drilling again demonstrates the significance of EM geophysics to find gold at the McMillan Mine site. Subsequently holes (MLMM-25-09 and 11) were surveyed and both surveys again identified more EM geophysical plates for future exploration and resource definition drilling. Figure 2 - McMillan Property- Longitudinal Section looking North Table 2. Details of drill holes reported in this press release. Drill Hole Azimuth(Degrees) Dip(Degrees) Length(metres) Easting (UTM) Northing (UTM) MLMM-25-09 180 -83 570 438482.3 5110066 MLMM-25-10 168 -56 480 438493.5 5110215 MLMM-25-11 178 -63 300 438679.2 5110068 Corporate Update The company is also announcing today the retirement of Roger Emdin, the company COO, effective May 31, 2025. Roger will be staying on as a board member and a consultant to the company. "Roger has been with us for nearly 5 years. From our early days as a private company, to then becoming public, and then helping guide and develop compliant gold resources in our portfolio. We thank Roger for his work at McFarlane and look forward to his continued involvement as a board member and Consultant", said Mark Trevisiol, CEO of McFarlane. The company also announces today that Winston Whymark is joining the company as its Manager of Exploration. Winston has been working with the company for nearly a year as a consultant and has been managing the exploration program at the company's McMillan Mine property where numerous high grade gold intersects have been discovered. Winston holds a Technologists Diploma in Geological and Mining Engineering from Cambrian College. He has worked for over 16 years, the majority of which have been in management exploration roles with Argonaut Gold and Inventus Mining. "We are delighted to have Winston join the McFarlane team. He's a hands on manager and has lead numerous field exploration programs. He is well experienced with the geology in and around Northern Eastern Ontario, we welcome Winston to our team," said Mark Trevisiol, CEO of McFarlane. For Further Information, Please Contact: Mark Trevisiol, Chief Executive OfficerMcFarlane Lake Mining Limitedinfo@ Qualified Person The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the company, and a Qualified Person as defined under National Instrument 43-101. Technical Information The drill core samples collected by McFarlane Lake Mining and described in this news release were NQ size core placed in core boxes by the drill crew contracted by the company. Core was then transported by McFarlane personnel to a secure processing facility. The core is then reviewed with core metreage blocks checked to verify core integrity, geologically logged and samples marked. Core samples are cut in half, with one half remaining in the box and the other inserted into a clean plastic bag with a sample tag. Certified reference materials are inserted into the sample stream at a rate no less than 10%. Samples are then transported in secure sealed bags with security tags for preparation and assay by MSA Labs in Timmins, a certified lab with AC89, IAS accreditation and compliance with ISO/IEC standard 17025:2017. Samples reported were crushed in their entirety to 70% passing 2 mm, with one 300 to 500 g subsample split placed into a jar for analysis by photon assay. Samples with visible gold were photon assayed to completion by splitting the sample into multiple 300 to 500g jars until no material remains. About McFarlane Lake Mining Limited McFarlane is a gold exploration company focused on the exploration and development of its portfolio of properties. The past producing McMillan and Mongowin gold properties, located 70 km west of Sudbury, Ontario, the past producing West Hawk Lake property located immediately west of the Ontario-Manitoba border, and the High Lake gold property (click on http// for compliant high grade gold resource statement on High Lake) located east of the Ontario-Manitoba border and 8 km from the West Hawk Lake property. McFarlane also owns the Michaud/Munro mineral property situated 115 km east of Timmins along the so-called "Golden Highway". McFarlane is a "reporting issuer" under applicable securities legislation in the provinces of, British Columbia, Alberta and Ontario. Additional information on McFarlane can be found by reviewing its profile on SEDAR at or at on its website at Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including without limitation; anticipated results of geophysical surveys or drilling programs, estimated timing, geological interpretations and potential mineral recovery processes. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Filing Statement dated as of January 14, 2022, which is available for view on SEDAR at Forward-looking statements contained herein are made as of the date of this press release, and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. SOURCE: McFarlane Lake Mining Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
McFarlane Discovers New High Grade Gold Mineralization West of the McMillan Mine Returning 8.5 GPT Gold Over 4.10 Metres
TORONTO, ON / / May 27, 2025 / McFarlane Lake Mining Limited (CSE:MLM)(OTCQB:MLMLF), ("McFarlane Lake" or "the Company"), a Canadian gold exploration and development company, today announces results of recent exploration drilling at its 100% owned McMillan Mine property located approximately 70 kilometres west of Sudbury, Ontario. Exploration Highlights Hole MLMM-25-09 was drilled in an unexplored area west of the McMillan Mine to intersect several overlapping Electro Magnetic Plates (EM Plates) or geophysical anomalies (Figure 1). The hole intersected three zones of mineralization returning 13.3 gpt gold over 2.60 m within 8.5 gpt gold over 4.10 m (Zone 1), 32.9 gpt gold over 0.7 m within 3.7 gpt gold over 7.25 m (Zone 2) and 5.1 gptgold over 4.25 m within 2.2 gpt gold over 16.05 m (Zone 3). Gold mineralization has now been extended 80 meters to the west (along strike) and at depth to the deepest intercept on the property at 530 metres from surface (Figure 1 and Figure 2). Down Hole Geophysics continue to add significant value to exploration at the McMillan Mine, with all recent mineralized intersections occurring within the boundaries of identified EM plates. Assays on Holes MLMM-25-10 and MLMM-25-11 are pending. Hole MLMM-25-10 was drilled to target an EM plate below the historic mine workings while hole MLMM-25-11 was drilled to test the trend of gold mineralization to surface (see Figure 1 and 2). Both drill holes intersected the targeted mineralization with visible gold present. Figure 1 - Drill Hole MLMM-25-09 gold intercepts - Looking North-East Table 1 - Drill Hole MLMM-25-09 Highlight Gold Intercepts (1) Thicknesses are core lengths; true widths are not known. All three holes (MLMM-09, MLMM-10, MLMM-11) represent significant step outs from the McMillan mine workings extending the depth of mineralization from 275 meters below the historic mine to 540 meters in depth (Figure 2). Hole MLMM-25-09 demonstrates excellent continuity of mineralization extending the mineralized envelope over 80 m to the west of hole MLMM-25-03 and over 120 m west of the historic workings of the McMillan Mine. Hole MLMM-25-11 intersected mineralization (assays pending) approximately 200 meters vertically below surface and 100 metres east of the historic mine workings. The extension of this zone to surface, which remains open, will be tested in future drilling. Prospecting for the surface expression of this mineralization is under way. Hole MLMM-25-10 tested a strong Borehole EM anomaly approximately 60 metres below the historic mine workings and was successful in intersecting a large, mineralized zone with visible gold. "Expanding the gold mineralization envelope is our near-term exploration goal, and we just achieved that, pushing it east, west and at depth. It just keeps getting bigger," said Mark Trevisiol, Chairman and CEO of McFarlane Lake Mining. This recent drilling again demonstrates the significance of EM geophysics to find gold at the McMillan Mine site. Subsequently holes (MLMM-25-09 and 11) were surveyed and both surveys again identified more EM geophysical plates for future exploration and resource definition drilling. Figure 2 - McMillan Property- Longitudinal Section looking North Table 2. Details of drill holes reported in this press release. Drill Hole Azimuth(Degrees) Dip(Degrees) Length(metres) Easting (UTM) Northing (UTM) MLMM-25-09 180 -83 570 438482.3 5110066 MLMM-25-10 168 -56 480 438493.5 5110215 MLMM-25-11 178 -63 300 438679.2 5110068 Corporate Update The company is also announcing today the retirement of Roger Emdin, the company COO, effective May 31, 2025. Roger will be staying on as a board member and a consultant to the company. "Roger has been with us for nearly 5 years. From our early days as a private company, to then becoming public, and then helping guide and develop compliant gold resources in our portfolio. We thank Roger for his work at McFarlane and look forward to his continued involvement as a board member and Consultant", said Mark Trevisiol, CEO of McFarlane. The company also announces today that Winston Whymark is joining the company as its Manager of Exploration. Winston has been working with the company for nearly a year as a consultant and has been managing the exploration program at the company's McMillan Mine property where numerous high grade gold intersects have been discovered. Winston holds a Technologists Diploma in Geological and Mining Engineering from Cambrian College. He has worked for over 16 years, the majority of which have been in management exploration roles with Argonaut Gold and Inventus Mining. "We are delighted to have Winston join the McFarlane team. He's a hands on manager and has lead numerous field exploration programs. He is well experienced with the geology in and around Northern Eastern Ontario, we welcome Winston to our team," said Mark Trevisiol, CEO of McFarlane. For Further Information, Please Contact: Mark Trevisiol, Chief Executive OfficerMcFarlane Lake Mining Limitedinfo@ Qualified Person The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the company, and a Qualified Person as defined under National Instrument 43-101. Technical Information The drill core samples collected by McFarlane Lake Mining and described in this news release were NQ size core placed in core boxes by the drill crew contracted by the company. Core was then transported by McFarlane personnel to a secure processing facility. The core is then reviewed with core metreage blocks checked to verify core integrity, geologically logged and samples marked. Core samples are cut in half, with one half remaining in the box and the other inserted into a clean plastic bag with a sample tag. Certified reference materials are inserted into the sample stream at a rate no less than 10%. Samples are then transported in secure sealed bags with security tags for preparation and assay by MSA Labs in Timmins, a certified lab with AC89, IAS accreditation and compliance with ISO/IEC standard 17025:2017. Samples reported were crushed in their entirety to 70% passing 2 mm, with one 300 to 500 g subsample split placed into a jar for analysis by photon assay. Samples with visible gold were photon assayed to completion by splitting the sample into multiple 300 to 500g jars until no material remains. About McFarlane Lake Mining Limited McFarlane is a gold exploration company focused on the exploration and development of its portfolio of properties. The past producing McMillan and Mongowin gold properties, located 70 km west of Sudbury, Ontario, the past producing West Hawk Lake property located immediately west of the Ontario-Manitoba border, and the High Lake gold property (click on http// for compliant high grade gold resource statement on High Lake) located east of the Ontario-Manitoba border and 8 km from the West Hawk Lake property. McFarlane also owns the Michaud/Munro mineral property situated 115 km east of Timmins along the so-called "Golden Highway". McFarlane is a "reporting issuer" under applicable securities legislation in the provinces of, British Columbia, Alberta and Ontario. Additional information on McFarlane can be found by reviewing its profile on SEDAR at or at on its website at Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including without limitation; anticipated results of geophysical surveys or drilling programs, estimated timing, geological interpretations and potential mineral recovery processes. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Filing Statement dated as of January 14, 2022, which is available for view on SEDAR at Forward-looking statements contained herein are made as of the date of this press release, and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. SOURCE: McFarlane Lake Mining Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
