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:

Eric Lemieux, PearTree Securities Inc. (5/7/15)
"On May 5, 2015, Midland Exploration Inc. disclosed that it had completed a private placement with Quebec Inc. and affiliates of Sprott Private Wealth L.P. for a total amount of $14.2M. . .with accrued financial flexibility (~$18M in cash and equivalents and no debt), the company is very well positioned to carry on generating interest in potential growing exploration and development plays in Quebec."

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/1/15)
"Midland Exploration Inc. recently announced a private placement with institutional investors. The financing will raise a minimum of CA$10M and a maximum of CA$15M by issuing between 14,300,000 and 21,430,000 units. . .the money raised will fund the company's exploration efforts in Canada."

Eric Lemieux, PearTree Securities Inc. (3/27/15)
"Midland Exploration Inc. expanded its position in the Éléonore sector, setting stage for an active summer 2015 exploration program. . .strategic land positioning highlights the company's great capacity to generate projects."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/26/15)
"Midland Exploration Inc. has signed a joint venture agreement with SOQUEM on its Casault and Jouvex gold properties in Quebec. . .a 2,300m drill program has begun at Casault and a 1,500m program has begun at Jouvex. Both properties are prospective for gold discovery. That they will see drilling this year is a testament to Midland's ability to find joint venture on its Quebec-focused suite of properties."

Adrian Day, Global Analyst (3/25/15)
"Midland Exploration Inc. is as good as its word, with a new option agreement with SOQUEM Inc. on two Quebec gold properties. . .this is positive, with the company demonstrating it can continue to execute good deals and get work done on properties it generates. Midland is a buy at this level."

"Midland Exploration Inc. has several properties in that region with partners like SOQUEM, a Québec government-owned mining company, and a small company called Sphinx Resources. Midland and Sphinx have started a 2,000m drill program on their Samson property, which is just south of Balmoral's Grasset discovery. Midland also has three drills turning on Casault and Jouvex with SOQUEM and one on Patris with Teck Resources, along a splay of the Destor-Porcupine fault zone. Teck was an iconic gold producer in Québec back in the late 1960s and then left. Midland attracted Teck back to Québec in 2013. This winter this Detour Trend area might see about 18,000m of drilling, mostly by Balmoral (over 8,000m), but also Midland with its partners (6,000m) and Adventure Gold (1,500m). And recently I noticed that Xmet, a little junior, has a property at the eastern end of Grasset and is drilling a 2,200m program. The area seems to be a polymetallic hot spot. . .Midland generates projects that attract partners and those partners earn an interest by funding exploration work. When you have four or five partners, each committing exploration dollars on a property, it doesn't take long to reach 10,000m. What I appreciate about Midland is that it is diversified. Any one of its projects could be a home run. We might see some new players come into the Detour Camp because of the attraction. Midland is also exploring in the Labrador Trough with its Pallas and Willbob projects. The trough is generally associated with iron ore, but there are platinum group metals and gold prospects there, too." read more >

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)

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