McFarlane Lake Announces Completion of Strategic Investment in iMetal Resources, Inc.

TORONTO, Aug. 17, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (“McFarlane” or the “Company”) (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to announce that, further to its press release on August 5, 2026, the Company has completed its strategic investment (the “Strategic Investment”) in iMetal Resources, Inc. (TSXV: IMR, OTCQB: IMRFF, FRANKFURT: A7VA) (“iMetal”), a Canadian-based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. Pursuant to the Strategic Investment, the Company acquired 14,200,852 units of iMetal (“Units”) at a price of $0.10 per Unit for an aggregate subscription price of $1,420,085. The Company beneficially owns approximately 19.9% of iMetal’s issued and outstanding common shares (“iMetal Shares”). The Strategic Investment was completed pursuant to iMetal’s previously announced non-brokered private placement consisting of up to 30,000,000 Units at a price of $0.10 per Unit for aggregate gross proceeds of up to $3,000,000.