- Maple Gold Mines (TSXV:MGM) is undertaking a C$5 million non-brokered private placement, including commitments from Michael Gentile, one of Canada’s most prominent junior mining investors, as well as existing shareholder Agnico Eagle Mines
- Maple Gold is an advanced exploration company active in Quebec’s prolific Abitibi Greenstone Belt
- Maple Gold Mines stock has given back 16.67 per cent year-over-year and 58.33 per cent since 2020
Maple Gold Mines (TSXV:MGM) is undertaking a C$5 million non-brokered private placement, including commitments from Michael Gentile, one of Canada’s most prominent junior mining investors, as well as existing shareholder Agnico Eagle Mines.
This content has been prepared as part of a partnership with Maple Gold Mines Ltd., and is intended for informational purposes only.
Proceeds will support a 10,000-metre fall 2025 drilling program at the company’s high-grade, past-producing Joutel gold project and adjacent 3-million-ounce Douay gold project, with work geared towards an updated mineral resource estimate in the first half of 2026.
Gentile will hold a 9.9 per cent position on a partially-diluted basis and join the company as a strategic advisor, verbally agreeing to a 12-month sale restriction, while Agnico Eagle will maintain its pro rata ownership at 16.3 per cent, also on a partially-diluted basis.
According to Wednesday’s news release, the financing is expected to close by September 8, 2025, in conjunction with a proposed share consolidation on a 10-to-1 basis.
Leadership insights
“We are pleased to have the support of Michael Gentile and the continued support of Agnico Eagle,” Kiran Patankar, Maple Gold Mines’ president and chief executive officer, said in a statement. “Michael is one of the most respected strategic investors in the junior mining sector, with a strong track record of value creation in Quebec. The offering allows us to build on our recent exploration success at Douay, particularly the high-grade extensions of the Nika and 531 zones, and to complete a maiden drill program at Joutel, while planning for an updated mineral resource estimate in H1 2026.”
“I have followed the progress of Maple Gold in recent years and believe it is trading at a fraction of its potential economic value,” Gentile added. “Douay/Joutel shows clear potential for further mineral resource growth and is a strategic asset at a time when multi-million-ounce gold projects in Tier 1 jurisdictions are increasingly sought after. I look forward to working with Kiran and the Maple Gold team as a strategic advisor and shareholder to daylight and further enhance the value I see at Douay/Joutel.”
About Maple Gold Mines
Maple Gold is an advanced exploration company active in Quebec’s prolific Abitibi Greenstone Belt.
Maple Gold Mines stock (TSXV:MGM) is up by 15.38 per cent on the news trading at C$0.075 as of 9:40 am ET. The stock has given back 16.67 per cent year-over-year and 58.33 per cent since 2020.
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