Midland Exploration Inc.

Midland Exploration is a dynamic and aggressive mineral exploration company focused on gold, base metals and REE mine discoveries in one of Canada's richest mining provinces, Quebec. The company is led by highly respected management and technical teams with a proven mine-finding track record. Midland intends to generate new attractive projects and seeks opportunities through industry partnerships (JV Model).

Expert Comments:

"Midland Exploration Inc. is one of my favorites. The company just raised $14M, primarily from a group of Quebec institutions. So it is extremely well funded for a small company. Midland has 22 projects with 10 active JVs. Its partners include Agnico Eagle Mines, SOQUEM and Japan Oil, Gas and Metals National Corp. Midland is very active, its management is very disciplined and it has a very low burn rate of about $1M a year. . .Midland didn't need to raise [the $14M], as it had nearly $5M at the time. Typically, I would argue against increasing the number of shares by 50%, but this financing demonstrated the confidence Quebec and its institutions have in Midland. After Virginia Mines, a company with a similar model to Midland, was acquired by Osisko Gold Royalties, the Quebec pension funds were looking for another horse they could back. Gino Roger, Midland's president and CEO, has certainly demonstrated he knows how to spend money wisely. He has a great exploration team, and I have no doubt the company will get a discovery." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/30/15)
"Midland Exploration Inc. has focused on building a Quebec portfolio of projects and finding joint venture partners for them. It has been successful in both arenas. . .the news has been flowing for the company lately, first with an addition to its La Peltrie project, then with the beginning of a drill program on its Casault property, and finally with a field exploration program on its Pallas platinum asset. . .no junior explorer is a screaming Buy in the current market, but with money in the bank thanks to a recent CA$14M financing, Midland could be a smart money bet to accumulate on significant weakness."

"Prospect generators like Midland Exploration Inc. reduce risk by using intellectual capital as opposed to physical capital in exploration." read more >

Eric Lemieux, PearTree Securities Inc. (6/10/15)
"On June 9, 2015, Midland Exploration Inc. provided an update on its planned summer 2015 drilling program (approximately 15 holes for 4,300m) on the Casault property. . .the company shall be focusing on several targets identified during the 2015 winter program. . .we understand diamond drilling is to begin in the next days as all permits have been received on this strategic regional position."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/1/15)
"Midland Exploration Inc. continues to demonstrate the power of the prospect generator model. . .combined with the JV-funded programs the company operates in Quebec, its recent capital raise should allow Midland to make some noise on the exploration and acquisition fronts in the months ahead."

Eric Lemieux, PearTree Securities Inc. (5/28/15)
"Midland Exploration Inc. has shrewdly acquired more land within the Québec Detour Trend. . .additional land positioning for Au-Cu adds again depth and diversification to Midland's portfolio of properties for a limited cost. It continues to support the prospector-generator model and is making Midland a major land holder in the area."

More Expert Comments

Experts Commenting on This Company

Adrian Day, Founder – Adrian Day Asset Management
Eric Lemieux, Analyst – PearTree Securities Inc.
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Porter Stansberry, Pres & CEO – Stansberry Research

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
Using the attractive and successful prospect generator - joint venture model
Important option agreements with Teck, Agnico-Eagle, JOGMEC, SOQUEM
New gold, PGE and base metal discoveries with excellent upside potential
Midland Exploration Inc. Content