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:

Haywood Securities (8/28/15)
"Midland Exploration Inc. announced results from early phase exploration work at its 100%-owned Willbob project. . .the results from Willbob indicate that the company has another good quality, early-stage exploration project in the prolific Abitibi region. Midland plans on conducting further exploration work in the area, including channel sampling and geological mapping later this year."

Eric Lemieux, PearTree Securities Inc. (8/26/15)
"Midland Exploration Inc. identified several new high-grade gold showings following a short intensive phase 1 field work program at Willbob. . .the company's field exploration work continues to discover, better define and delineate, with prospecting and geological mapping, the alteration and mineralized trends. . .Midland has assembled strategic land positions in Québec (>6,226 claims for >2,872 sq km) by vigilant claim mapping; has 77M shares F/D, a cash position of over $15M with a low burn rate (as it has active joint ventures with quality partners."

Eric Lemieux, PearTree Securities Inc. (8/4/15)
"Midland Exploration Inc. has an astute land positioning for gold and platinum group elements with active exploration programs at its Pallas and Willbob projects; an intensive field work program, with an eight-man team prospecting, mapping and channel sampling, is setting the stage for a potential drill program, certainly in 2016. The prospector-generator model is making the company a solid go-to explorer in Quebec."

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/30/15)
"Midland Exploration Inc. has begun a mapping and channel sampling program on its Willbob gold project. . .the 100%-owned Willbob is just one of many projects in the company's portfolio in eastern Canada. A follower of the prospect generator model, Midland has a number of joint venture partners conducting exploration programs on its projects."

"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."

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