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iMetal Resources, Inc. secures a strategic investment of $1,420,085 from McFarlane Lake Mining Limited to enhance its exploration and development projects in Ontario and Quebec.

PRIVATEAug 05, 2026•4 days ago

Amount Raised

$1.42 Million

Round Type

Seed

TorontoMiningMineral

Investors

Mc Farlane Lake Mining Limited

Description

McFarlane Lake Mining Limited has entered into a subscription agreement to make a strategic investment in iMetal Resources, Inc. The investment involves purchasing 14,200,852 units at a price of $0.10 per unit, totaling $1,420,085. Following this investment, McFarlane Lake will own 19.9% of iMetal's common shares. This move supports iMetal's non-brokered private placement aimed at raising up to $3,000,000.

Company Information

Company

iMetal Resources

Location

Toronto, Ontario, Canada

About

iMetal Resources, Inc. is a Canadian-based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The company is committed to uncovering valuable mineral resources while partnering with other firms for mutual growth. Their strategy includes strategic investments and aligning interests with partners in the mineral exploration field.

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