McFarlane Lake Mining Completes Strategic Investment in iMetal Resources
August 17, 2026
McFarlane Lake Mining Limited completed a strategic, non-brokered private placement investment in Canadian junior explorer iMetal Resources, purchasing 14,200,852 units at $0.10 per unit for $1,420,085. The units include iMetal shares and warrants, giving McFarlane beneficial ownership of approximately 19.9% of iMetal’s issued and outstanding common shares, along with investor rights such as board nomination and participation rights in future issuances.
- Buyers
- McFarlane Lake Mining Limited
- Targets
- iMetal Resources, Inc.
- Industry
- Energy
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
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