Midland Exploration Inc.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Midland Exploration is a dynamic mineral exploration company targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold and critical metals. Midland is proud to count on reputable partners such as Rio Tinto Exploration Canada Inc., BHP Canada Inc., Barrick Gold Corp., Wallbridge Mining Company Ltd., Probe Gold Inc., Agnico Eagle Mines Ltd., Electric Elements Mining Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties.

The Company is led by a highly respected management and technical team with a proven mine-finding track record. Management is currently reviewing other opportunities and projects to build up Midland's portfolio and generate shareholder value.

On December 23, 2023, Midland was pleased to announce that it has received UL 2723 ECOLOGO® Certification for Mineral Exploration Companies. This comprehensive certification is the first certification for mineral exploration companies to consider the identification, management, and application of the best environmental, social, and economic practices.

Projects in Hand

Good Quality Partners Since 2006!

New Strategic Alliance (2)

• BHP: Ni Alliance
• SOQUEM: Ni-Cu-Au Alliance

Active Option Agreement (3)

• Rio Tinto: Baie James Li
• Barrick: Patris Au
• Wallbridge: Casault

Actives Joint-Ventures (6)

• Probe Gold (2): La Peltrie and Gaudet-Fenelon
• Agnico Eagle: Maritime-Cadillac
• Electric Elements: James Bay JV
• Mines Abcourt: Laflamme
• NMEF: Soissons Regional

Midland Recent Highlights

• New Li pegmatites intersections with Rio Tinto (up to 1.38% Li over 37.86m);
• New high grade gold discoveries (39.50 g/t Au) on Willbob project;
• New high-grade Cu-Au-Ag discoveries (39.90% Cu) on the Labrador Trough JV SOQUEM project;
• Agreement amendment with Rio Tinto with the addition of $350K cash and $5.5M in work;
• One year extension for the generative phase with BHP with a budget of $3.5 M in 2024;
• New lithium discoveries with Rio Tinto and Brunswick on Midland’s Galinée and Elrond projects;
• New option agreement with Rio Tinto on lithium projects in James Bay ($65.5M);
• New option agreement with Barrick on Patris gold project ($17.5M);
• New Cu-Au discovery on La Peltrie with Probe (0.20% CuEq over 513.5 m)

Coming Up for Midland Exploration

• Drilling Casault WM Q4-2024: Testing new Au anomalies (tills) and other targets;
• Drilling and soils La Peltrie Probe JV Q4-2024: Cu-Au-Ag-Mo discovery, new untested anomalies;
• Drilling Patris Barrick Q1-2025: New gold intrusions in Kewagama sediments;
• Drilling James Bay RTEC Li Q2-2025: New discovery (Li) on Galinée up to 1.38% Li/37.86m;
• Prospecting James Bay MD 100% Projects (Au and Cu-Au-Mo) and Rio Tinto Projects (Li) – summer 2025;
• EM survey and prospecting BHP Ni Alliance: New N-S structure (Area 22), spring and summer 2025;
• Prospecting, soils and IP with SOQUEM over new high-grade Cu-Au showings on Nachicapau, summer 2025.

Investment Highlights

• Strong management and technical team;
• Excellent share structure and well-funded with more than $6.0M in cash in the treasury. More than $21.1M (MD $3.1M – Partners $18.0M) in exploration in 2024, including more than 15,000 metres of drilling.
• $6.6M private placements with BHP between 2019 and 2023 (holds 4.8%);
• Attractive and successful JV business model;
• Quebec focus, exploring for gold and critical minerals (Ni-Cu-Li);
• Important agreements with BHP, Rio Tinto, Barrick, Agnico Eagle, Wallbridge, Probe (2), SOQUEM, Electric Elements, Abcourt and NMEF;
• New gold and base metals discoveries with excellent potential for major world class deposit;
• New significant Cu-Au discoveries East of Detour mine, new high-grade Au and Cu-Au-Ag discoveries in the Labrador Trough and new Ni-Cu and Li discoveries with Rio-Tinto.

Management

Management and Directors

Gino Roger, President, Chief Executive Officer and Director

Mr. Roger was a senior and regional project geologist for Xstrata, Falconbridge and Noranda. He actively participated in the generation, acquisition and negotiation of a number of projects and the discovery of base metal deposits. He mainly worked in Quebec, Ontario, BC, Yukon and Sweden on different metallogenic projects and environments: gold, VMS, Sedex, MVT and IOCG. He and his team received the prestigious QMEA prospector of the year award in 2005 for the discovery of the West-Ansil deposit. Mr. Roger is a member of the Ordre des ingénieurs du Québec. He acted as an administrator of the Quebec Mineral Exploration Association (QMEA) for more than 28 years and is still an administrator of CONSOREM.

Jean-Pierre Janson, Chairman of the board

Since 2019, Mr. Janson has been a consultant for Richardson Wealth Limited. Over the past 30 years, Mr. Janson has served as Managing Director at CIBC Wood Gundy Financial Services (Quebec) Inc. (Eastern Canada) and held executive positions at Merrill Lynch Canada Inc. and Midland Walwyn Inc. In over 30 years in the financial services industry, he has built a reputation of trust and respect.

Paul Archer, Director

Mr. Archer has more than 35 years of experience in the mining industry, particularly in exploration for gold and base metals in Archean terrains. Before retirement, he was the VP Exploration of Virginia Gold Mine and was actively involved in the discovery of the Eleonore Gold Mine in James Bay.

Annie Dutil, Director

Ms. Dutil has over 15 years of extensive mining knowledge, specifically in the areas of public accounting, compliance with financial information obligations and regulatory matters.

Jean des Rivières, Director

Mr. des Rivières has over 35 years of diversified experience in the exploration and mining industries while working in more than 50 countries touching base and precious metals. He held the position of global VP Metals Exploration at BHP.

Simon Lussier, Director

Mr. Lussier has more than 35 years of diverse experience in the financial industry.

Ingrid Martin, Chief Financial Officer

Mrs. Martin possesses a vast experience as consultant for public companies. She acts, also, as Chief Financial Officer of Vior Inc. Mrs. Martin is devoting 40% of her time to Midland Exploration.

Technical Team

JF Larivière (Chief Geologist)

Richard St-Cyr (Exploration Director)

Sylvain Trépanier

Louis-Philippe Richard

Romain Deflin

Philippe Allard

Chloé Esnault

Maxime Dour

News Update

On October 29, 2025, Midland Exploration Inc. has released gold results from the September follow-up exploration program on the new discovery of gold, zinc and silver on its Caniapisc gold project in the Eeyou Istchee James Bay and Caniapiscau regions. The Caniapisc gold project is wholly owned by Midland and consists of 296 exclusive exploration rights (EERs) covering an area of 146 square kilometres. Highlights:

• The September exploration program successfully identified several new gold-bearing boulders with a new maximum value of 24.5 grams per tonne gold obtained from a selected grab sample while following up the recent 2025 summer results.
• A total of 16 samples returned gold values exceeding 0.5 g/t, including eight values greater than 2.0 g/t Au.
• A selected grab sample assayed 0.56 g/t Au from an outcrop.
• A 2,001-kilometre magnetic and electromagnetic geophysical survey has been completed on the Caniapisc gold project.

The fall exploration program on the Caniapisc gold project was completed and included geological mapping, prospecting, a soil sampling program, and a magnetic and electromagnetic geophysical survey to follow up on the several recent gold-zinc-manganse-silver- and gold-zinc-silver-lead-bearing boulders identified during the 2025 summer program (see press release by Midland dated Sept. 9, 2025). Outcrops are sparse due to a cover of glacial deposits, so boulder prospecting is the effective exploration technique for this environment. A total of 111 selected grab rock samples and 112 soil samples were collected during the follow-up campaign. From these rock samples, eight show values greater than 2.0 g/t Au, eight are between 0.5 and 2.0 g/t Au, while 24 others returned values between 0.1 and 0.5 g/t Au. Only gold results have been received so far, so metallic assemblages will be further evaluated when all the other analyses are received. Soil samples results are also pending.

On October 07, 2025, Midland Exploration Inc. has executed an induced polarization (IP) survey on its Jouvex gold property, wholly owned by Midland and located approximately 10 kilometres northwest of the Douay deposit.

Fieldwork on the Jouvex property resumed in 2024 to 2025 with the execution of two drone-supported magnetic surveys. The surveys were conducted in the south part of the property, on a new potentially auriferous target. This area will also be the focus of an induced polarization survey totalling 30 line kilometres in the fall of 2025. Line cutting has begun, and the survey is expected to take place in October, 2025. The survey is designed to refine drilling targets that were previously defined based on a compilation of previous work and the drone-supported magnetic surveys. These targets are located near a major structure that runs just north of the Douay gold deposit, where indicated and inferred resources are estimated at 3,038,000 ounces of gold (2022 MRE, Maple Gold website).

New exploration target identified on Jouvex

Following a recent reassessment by Midland of the potential on the Jouvex property, the south part of the project is now the main area of interest for upcoming exploration work. Based on a compilation of historical drilling, the geology was modified with the addition of a band of felsic tuffs and volcanic rocks between Taibi sediments and Cartwright mafic volcanic rocks. These units encountered in several historical drill holes are not present in Sigeom and open the door to potential VMS (volcanogenic massive sulphide) mineralization. In addition, drone-supported magnetic surveys conducted by Midland indicate the main magnetic fabric is truncated in the south part of the project. This interference, at the contact between felsic and mafic volcanic rocks, may be attributed to major structures, which are favourable emplacement sites for potential syenitic intrusions, similar to Douay and a fairly common setting for gold deposits in the Abitibi belt.

IP survey follow-up

In the winter of 2026, Midland is planning a diamond drilling campaign on the IP grid covered in the fall of 2025. The helicopter-supported winter campaign totalling at least 1,500 metres of diamond drilling is planned in the vicinity of the potential gold-bearing syenite similar to Douay. Permit applications have been submitted, and processing is under way.

On September 30, 2025, Midland Exploration Inc. has discovered a new mineralized zone with copper, gold and rare earth elements in the Labrador Trough. For many years, a reconnaissance program conducted under the strategic alliance in Nunavik, Quebec, has focused, within the area of interest, on the central part of the Labrador Trough, identified as prospective for the discovery of economic copper mineralization. Highlights:

• Discovery of a new copper-gold-rare-earth-element showing: three grab samples collected on outcrop graded: (1) 31.60 per cent copper, 6.92 grams per tonne gold and 0.16 per cent REE; (2) 12.30 per cent Cu, 0.36 g/t Au and 0.57 per cent REE; and (3) 0.65 per cent Cu, 0.05 g/t Au and 0.39 per cent REE;
• Other commodities such as cobalt (up to 0.20 per cent Co) and silver (up to 37.30 g/t Ag) are also associated with these samples;
• Acquisition by map designation of 36 exclusive exploration rights covering an area of 17.4 square kilometres;
• Results from a follow-up conducted during an exploration campaign in September are pending.

On September 23, 2025, Midland Exploration Inc. has started a follow-up exploration program on its new discovery of gold, zinc and silver on its Caniapisc Au project in the Eeyou Istchee James Bay and Caniapiscau regions. Midland is also pleased to announce map designation of two new projects in the same area. The Caniapisc Au project is wholly owned by Midland and consists of 296 exclusive exploration rights covering an area of 146 square kilometres. The Lac Bernard and Viau projects are also wholly owned by Midland and consists of 217 and 81 EER covering an area of 110 and 40 square kilometres, respectively. Highlights:

• Initiation of a September exploration program, including prospecting and a soil sampling program to cover the recent discovery of several clusters of gold-zinc-manganese-silver and gold-zinc-silver (lead)-bearing boulders (maximum of 14.3 grams per tonne gold) coinciding with gold-zinc soil anomalies;
• A 1,827-kilometre magnetic and electromagnetic geophysical survey is planned on the Caniapisc Au project;
• Map designation of two new projects, Lac Bernard and Viau, in the Caniapisc Au project area, covering clusters of gold, copper, zinc or molybdenum lake bottom anomalies from the MRNF's regional database;
• A lake bottom sediment sampling survey covering parts of the Caniapisc Au, Lac Bernard and Viau projects has been completed; results are pending.

The September exploration program on the Caniapisc Au project will include geological mapping combined with prospecting and a soil sampling program to follow up on the several recent Au-Zn-Mn-Ag and Au-Zn-Ag (Pb)-bearing boulders identified during the 2025 summer program (see press release by Midland dated Sept. 9, 2025). The 160 soil sampling program objectives are: (1) to cover unsampled area of the project; and (2) to follow up with a tighter spacing several Au and Zn soil anomalies identified during the recent summer 2025 program (see press release by Midland dated Sept. 9, 2025). A fall 1,827-kilometre magnetic and electromagnetic geophysical survey is also planned to further assist in target generation on the project.

On September 09, 2025, Midland Exploration Inc. has recently discovered a major gold-zinc-silver mineralized system on its Caniapisc Au project. The Caniapisc Au project is wholly owned by Midland and consists of 296 claims (EER) covering an area of 146 square kilometres. Highlights:

• Several important clusters of gold-zinc-manganese-silver and gold-zinc-silver (lead)-bearing boulders coinciding with extensive gold-zinc anomalies in soils;
• Eight rock samples (boulders) with gold values above 1.00 grams per tonne gold (maximum of 14.3 g/t Au); five rock samples (boulders) with zinc values above 1 per cent Zn (max of 4.5 per cent Zn);
• 27 soil samples with values above 10 parts per billion gold, including six soil samples with values greater than 100 parts per billion gold (maximum of 423 ppb Au);
• 34 rock samples (boulders) with gold values above 0.10 g/t Au;
• Diverse metal assemblages -- gold-zinc (lead), gold-zinc-manganese, copper-molybdenum-gold-silver, gold-copper and gold only -- in distinct lithologies, suggesting several distinct gold sources and a fertile environment for Au;
• Acquisition by map designation of 201 new claims (EER) along the periphery of the Caniapisc Au gold property;
• The 2024 till program confirmed historical gold anomalies with up to 100 gold grains per 10 kilograms of till (Nov. 14, 2024, press release and 2014 report; GM 67959 Ministry of Natural Resources and Forest).

A 10-day geological reconnaissance campaign was conducted last June on the Caniapisc Au project. The main objectives of this campaign were to explain several Au-Zn-Pb-Mo anomalies discovered in 2024 (Nov. 14, 2024, press release) to conduct its first geological assessment of its gold potential and to carry out a prospecting campaign and a soil survey covering most of the project area. A total of 159 rock samples and 318 soil samples (B horizon) were collected.

On August 25, 2025, Midland Exploration Inc. announced that the private placement is completed.

Financing type: non-brokered private placement

Gross proceeds: $6,108,750.27

Offering: 10.65 million flow-through listed shares; 3,181,819 non-flow-through listed shares

Offering price: 47.5 cents per flow-through listed share; 33 cents per non-flow-through listed share

Disclosure: Refer to the company's news release dated July 28, 2025.

On August 19, 2025, Midland Exploration Inc. has started an exploration program to follow up on the 2024 copper-gold-molybdenum-silver (Cu-Au-Mo-Ag) occurrences identified on its Saruman project. Located in the Eeyou Istchee James Bay region, approximately 75 kilometres north of the Troilus Gold Corp. copper-gold (Cu-Au) project, the Saruman project was acquired by map designation in November, 2023, is wholly owned by Midland and consists of 121 claims covering a surface area of 64 square kilometres.

This designation followed the publication, by the MRNF, of strong copper anomalies in a high-density lake sediment geochemistry survey published in November, 2023. These strong copper anomalies in lake sediments are particularly concentrated within an area of five by three kilometres, which contains 15 anomalous samples (greater than 95th percentile). A single day of reconnaissance work by Midland teams in the summer of 2024 resulted in anomalous Cu-Au-Mo-Ag values on outcrop, returning grades of 0.32 per cent Cu, 0.35 g/t Au, 0.39 per cent Mo and 13.8 g/t Ag (in grab sample L880271). These occurrences consist of disseminated, veinlet and fracture-filling chalcopyrite, pyrite and molybdenite, and are observed in tonalites. To date, only two outcropping areas exposed over a few hundred metres in diameter, have been prospected by Midland (see press release by Midland dated Oct. 30, 2024).

The mineralization identified to date appears insufficient to explain the extent and scope of the lake sediment copper anomalies described above. These observations suggest a Cu-Au-Mo-Ag system may be present on the property. Additional prospecting and geological mapping commence to collect additional information.

The Saruman project is in the Opatica geological subprovince. Specifically, it is located in the Theodat complex, an assemblage of undifferentiated tonalitic gneisses and gneissic tonalites, which covers vast expanses within the region and which remains poorly known. According to MRNF data, no previous exploration is reported within the project area.

On July 28, 2025, Midland Exploration Inc. has closed a previously announced private placement (see news release dated July 22, 2025), for gross proceeds of $5,058,750 from the sale of 10.65 million shares of the corporation at a price of 47.5 cents per FT (flow-through) share. Each FT share will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). As part of the private placement, Midland is pleased to welcome Centerra Gold Inc. as a new strategic investor. Centerra now holds approximately 9.9 per cent of the corporation's issued and outstanding common shares.

Midland is also pleased to announce the closing of a concurrent non-brokered private placement of 3,181,819 common shares at a price of 33 cents per share, for gross proceeds of $1.05-million.

The proceeds of the offering are expected to enable the corporation to generate and advance high-quality targets on its wholly owned gold exploration projects in Abitibi, James Bay, and Northern Quebec over the next 18 months. Refundable tax credits of 22.5 per cent are expected to be recovered on eligible exploration expenditures incurred by the corporation on its gold projects.

On July 22, 2025, Midland Exploration Inc. has arranged a non-brokered private placement for aggregate gross proceeds of $5,058,750 from the sale of 10.65 million shares of the corporation at a price of 47.5 cents per flow-through (FT) share. Each FT share will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

Centerra Gold Inc. is expected to participate in the offering as a strategic investor and, upon closing, will hold 9.9 per cent of the corporation's issued and outstanding common shares.

Midland's president and chief executive officer, Gino Roger, commented: "This placement will provide Midland with sufficient funds to ensure the progress and development of our wholly owned gold exploration projects in Abitibi, James Bay and Northern Quebec. We are thrilled to welcome Centerra as one of our newest shareholders."

The gross proceeds from the issuance and sale of the FT shares will be used for Canadian exploration expenses that qualify as flow-through mining expenditures, as both terms are defined in the tax act.

On July 03, 2025, Midland Exploration Inc. has begun its prospecting campaign in the Digeridoo area on its Willbob-Kan gold project, wholly owned by Midland. The Willbob-Kan project covers several tens of kilometres of stratigraphy and structures that are highly favourable for gold. Highlights:

• Midland announces recently the acquisition of the Kan gold project;
• Channel on Didgeridoo zone grading 2.30 grams per tonne gold over 8.95 metres, including 3.56 grams per tonne gold over 3.15 metres (open to the northwest);
• Numerous known gold occurrences on the project grading up to 9.8 grams per tonne gold over 13.2 metres (channel sample, Ferricrete showing), 8.71 grams per tonne gold over 7.0 metres (channel sample, Pump Pad Ridge showing) and 5.24 grams per tonne gold over 17.0 metres (channel sample, Winchester showing).

2025 fieldwork : This prospecting campaign will be conducted in the Didgeridoo claim block of the Willbob-Kan project in July. This claim block has not been worked since follow-up work on showings discovered in July, 2019 (see press release dated Aug. 22, 2019).

On June 03, 2025, Midland Exploration Inc. has started an important copper-nickel exploration program in Nunavik, following exploration work from 2020 to 2024, during which new Cu-Ni-Co (copper-nickel-cobalt) mineralized showings were discovered.

This new program will be carried out within the framework of the strategic alliance, signed in August, 2020, between Midland's wholly owned subsidiary, Midland Base Metals Inc., and Rio Algom Ltd., a wholly owned subsidiary of BHP Group Ltd.

The 2025 exploration program will focus on a new major crustal-scale structure and its subsidiary faults, which were identified during the regional magnetotelluric (MT) survey and the Z-Tipper axis airborne electromagnetic (ZTEM) survey, conducted in 2022 to 2023. These structures, previously poorly recognized, are considered favourable for copper-nickel mineralization. The 2025 program will consist of an airborne HeliTEM time-domain electromagnetic (TDEM) survey.

Highlights:

• The regional MT survey completed in 2022 identified a new major crustal-scale structure in a poorly explored area, which is considered favourable for copper-nickel mineralization.
• Several lake-bottom copper-nickel anomalies detected following a 1,383-sample survey conducted in July, 2023.
• A helicopter-borne Z-Tipper electromagnetic (ZTEM) survey totalling approximately 8,900 linear kilometres conducted in July, 2023, identified several new conductive features.
• New Cu-Ni-Co mineralized intrusions discovered through prospecting in 2024.
• Regional airborne time-domain electromagnetic (TDEM) survey (HeliTEM) totalling approximately 6,600 linear kilometres, to be completed in June, 2025.

On May 20, 2025, Midland Exploration Inc. has started an exploration program for gold on its Caniapisc Au (gold) project, and also has presented results from the 2024 till survey in the Eeyou Istchee James Bay and Canispiscau regions. The Caniapisc Au project is wholly owned by Midland and consists of 94 claims covering an area of 47 square kilometres.

Highlights:

• Initiation of the June exploration program, including prospecting and a soil sampling program covering the majority of the project;
• The 2024 till program confirms the gold anomalies in till, with up to 100 gold grains per 10 kg of till;
• Fifteen samples with anomalous gold, ranging from 0.10 to 0.75 gram per tonne Au, identified in 2024 and located near gold-bearing tills;
• Gold anomalies remain unexplained in till samples.

The summer 2025 exploration program is planned to commence in early June on the project. The program includes geological mapping combined with prospecting, and an extensive soil sampling program to cover most of the project. A total of 400 soil samples are planned at the spacing of 200 metres along lines spaced at 400 metres. A smaller spacing is planned near the gold till anomalies.

On April 22, 2025, Midland Exploration Inc. has acquired 100-per-cent interest in the Kan gold project from a private company (Ressources Tectonic). The Kan project is located in the Labrador trough, about 85 kilometres southwest of Kuujjuaq and comprises 261 mining claims covering 121 square kilometres (approximately 35 kilometres by 3.5 kilometres). Highlights:

• Numerous known gold occurrences on the project grading up to 9.8 grams per tonne Au (gold) over 13.2 metres (channel sample; Ferricrete showing), 8.71 g/t Au over 7.0 metres (channel sample; Pump Pad Ridge showing) and 5.24 g/t Au over 17.0 metres (channel sample; Winchester showing).
• Gold occurrences hosted in silicate-carbonate-facies iron formation exhibit many similarities to the world-class Homestake gold deposit.
• The silicate-carbonate-facies iron formation that hosts gold mineralization is traced over 30 kilometres strike length on the project.
• The extensions of several gold-bearing zones defined by drilling or channel sampling remain open.
• Strong, underexplored potential for gold in black shales and gabbro-diorite sills.

On April 09, 2025, Midland Exploration Inc. has noted that 167 mining claims with strong copper potential were designated in the central part of the Labrador trough, Quebec, following the identification of several highly favourable parameters for copper (Cu) mineralization on the new project. Highlights:

• Identification of four very strong unexplained copper anomalies in public lake sediment data, above the 99.9th percentile, associated with dolomites and grey-black shales of the Dunphy and Lace Lake formations. One lake sediment sample in particular graded 0.12 per cent Cu, an extreme anomaly that represents the ninth-highest copper grade (raw data) out of nearly 125,000 lake sediment samples across Quebec.
• Discovery on the project of two mineralized boulders with calc-silicate (skarn-type) alteration and high-grade copper in the summer of 2024: 5.26 per cent and 1.75 per cent Cu (dolomite); 1.14 per cent Cu (mafic tuff) in selected grab samples.
• Several historical copper showings hosted in rocks of the Dunphy and Lace Lake formations, located a few hundred metres from the project.
• A total of 167 mining claims were designated to cover the strong lake sediment copper anomalies, the area where mineralized boulders were found and local favourable geological formations.

On March 03, 2025, Midland Exploration Inc., in partnership with Rio Tinto Exploration Canada Inc. (RTEC), has started a second drilling campaign for lithium on the Galinee project. The Galinee project is located approximately five kilometres east of the Adina lithium deposit held by Winsome Resources, is wholly owned by Midland, and is subject to an option agreement signed with RTEC in June, 2023 (see press release by Midland dated June 14, 2023), and amended in April, 2024 (see press release by Midland dated April 23, 2024). Highlights:

• $5.2-million approved for the first phase of drilling of 2025;
• This second drilling program to start in March with RC (reverse circulation) drilling followed by the addition of a diamond drill in April;
• Drilling to (1) follow-up on some of the best intersections from 2024 which remain open and to be tested further and (2) stepout throughout the property to test structural targets;
• High-resolution (low level) drone magnetics will be flown throughout the property in March.

Drilling is planned to resume in March, 2025, with a first phase budget of $5.2-million approved for a combination of diamond and RC drilling. Drilling will commence with RC drilling, followed by the addition of a diamond drilling rig in April. Drilling plans for June onwards will be results driven. Early metallurgical tests are also being evaluated on select core sections using LIBS scanning to identify and quantitatively determine grain size and the lithium mineralogy.

On February 27, 2025, Midland Exploration Inc. has discovered new copper showings in the Labrador trough. For many years, part of the exploration work conducted under the strategic alliance in Nunavik, Que., has focused on unexplored regions within the area of interest. In 2024, efforts were particularly focused on the central part of the Labrador trough, identified as prospective for the discovery of economic copper mineralization. This reconnaissance program led to the discovery of several copper showings along a northwest-southeast-trending magnetic axis, over a distance of more than three kilometres south of Dunphy Lake. This discovery prompted the staking of 104 mining claims along this prospective axis. Highlights:

• Discovery of new copper occurrences spread over a distance of 3.7 kilometres. Chalcopyrite mineralization is observed in multiple fractures and quartz-calcite veins within an altered mafic intrusive of the Wakuach suite.
• Sixteen samples collected on outcrops or boulders detached from the outcrops, yield grades greater than 0.1 per cent Cu (copper), and two samples graded greater than 1 per cent Cu, reaching up to 3.73 per cent Cu. These samples also exhibit anomalous values for several elements such as gold, cobalt or molybdenum.
• A block of 104 mining claims was staked to cover the prospective axis associated with this discovery.

On February 13, 2025, Midland Exploration Inc. has granted incentive stock options to employees, directors and officers of Midland to acquire an aggregate of 800,000 common shares at 33 cents per share, for a period of 10 years. These incentive stock options have been granted in accordance with Midland's stock option plan. Considering the present grant, there are 7.06 million stock options outstanding.

On January 29, 2025, Midland Exploration Inc. gave an overview of its exploration activities planned for 2025 in Quebec, including on its several projects in partnership for gold in the Abitibi belt, lithium in James Bay region, copper-nickel in the Nunavik, and copper-gold in the Labrador Trough. The exploration activities aim at following up on new showings made throughout 2024.

In 2024, Midland continued to apply its business model as a “Project Generator” with the recent acquisition of several new high-quality properties and the formation of several new partnerships across Quebec. With a 2025 exploration budget of more than $14.5M ($2.5M Midland - $12.0M Partners), and nearly 15,000 metres of drilling, Midland will be very busy working to advance several projects in partnership with major companies such as BHP Canada Inc. (“BHP”), Rio Tinto Exploration Canada Inc. (“RTEC”), Barrick Gold Corporation (“Barrick”), Agnico Eagle Mines Limited (“Agnico Eagle”), SOQUEM Inc. (“SOQUEM”), Probe Gold Inc. (“Probe”), and Wallbridge Mining Company Ltd. (“Wallbridge”).

On December 19, 2024, Midland Exploration Inc. announced that the company is in partnership with Rio Tinto Exploration Canada Inc. (“RTEC”), is pleased to announce the reception of the remaining assay results from the first drilling campaign for lithium on the Galinée project. The 2024 drilling campaign’s main objective was to test the Iceberg, White Stripes, Surge, Snow Fox, and White Lightning lithium showings (see press releases by Midland dated January 16, 2024, and October 24, 2024). This press release reports results from the last fifteen (15) drill holes of the 2024 campaign out of a total of twenty-eight (28). The Galinée project is located approximately 5 kilometers east of the Adina lithium deposit held by Winsome Resources (“Winsome”), is wholly owned by Midland, and is subject to an option agreement signed with RTEC in June 2023 (see press release by Midland dated June 14, 2023) and amended in April 2024 (see press release by Midland dated April 23, 2024).

On December 17, 2024, Midland Exploration Inc. reported the private placement information:

Financing type: non-brokered private placement

Gross proceeds: $2,449,200

Offering: 6,123,000 flow-through listed shares

Offering price: 40 cents per flow-through listed share

December 10, 2024, Midland and Probe Gold Announce MMI (mobile metal ion) Soil Results on the Copper-Gold-Silver-Molybdenum Discovery, La Peltrie Project

Highlights:

• Eight values above 10,000 parts per billion copper, reaching up to 31,100 parts per billion copper;
• 96 values above 2,000 parts per billion copper and 15 values above 100 parts per billion molybdenum;
• MMI copper values identify the main copper-gold-molybdenum-silver zone and extend westward;
• Several additional subparallel anomalies to the north and northeast, proximal to the contact between volcanic rocks and the Carheil intrusion;
• MMI copper-gold-silver-molybdenum anomalies show a very strong correlation with samples collected during the prospecting campaign.

https://midlandexploration.com/en/2024/12/10/midland-and-probe-gold-announce-mmi-soil-results-on-the-copper-gold-silver-molybdenum-discovery-la-peltrie-project/

December 3, 2024, Midland Announces Closing of $2.6m Private Placement

https://midlandexploration.com/en/2024/12/03/midland-announces-closing-of-2-6m-private-placement/

November 14, 2024, Midland Identifies Gold Potential on Its Wholly Owned Caniapisc Gold Project in James Bay

https://midlandexploration.com/en/2024/11/14/midland-identifies-gold-potential-on-its-caniapisc-au-project-james-bay/

October 30, 2024, Midland Identifies Copper-Gold-Molybdenum-Silver Occurrences on the Saruman Project

https://midlandexploration.com/en/2024/10/30/midland-identifies-copper-gold-molybdenum-silver-occurrences-on-the-saruman-project/

October 24, 2024, Midland, in Partnership with RTEC, Intersects Several New Spodumene Pegmatites During the 2024 Drilling Program on the Galinée Project

https://midlandexploration.com/en/2024/10/24/midland-in-partnership-with-rtec-intersects-several-new-spodumene-pegmatites-during-the-2024-drilling-program-on-the-galinee-project/

  Disclaimer

Copyright (c) 2000 - 2025 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印