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Dear Clients and Colleagues,
Please see the details pertaining to the LIFE Offering for Mayo Lake Minerals Inc. (CSE: MLKM).
The Press Release, Term Sheet and Couloir Capital Research Report are included. Should you have any questions, wish to discuss the opportunity further, or express interest, please don't hesitate to contact me.
Financing Terms
Hard Dollar Units
- Price: $0.08 per Unit
- Unit: One Common Share and one full Warrant
- Warrant Exercise Price: $0.12
- Warrant Term: 36 months
Flow-Through Units
- Price: $0.105 per Unit
- Unit: One Flow-Through Share and one full Warrant
- Warrant Exercise Price: $0.14
- Warrant Term: 36 months
Minimum Raise: $1,600,000
Maximum Raise: $1,890,000
Shares Outstanding: Approximately 39.2 million post-consolidation (3:1 share consolidation concurrent with closing). Current trading price is approximately $0.09–$0.12 post-consolidation.)
Investment Highlights
- Three precious metals properties covering 145.6 km² in the Mayo-Keno Mining District, Yukon.
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Located within the prolific Tombstone Gold Belt alongside Victoria Gold, Hecla Mining, Banyan Gold, Sitka Gold, Prospector Metals and Snowline Gold.
- Anderson-Davidson Project hosts over 10 km of linear gold-in-soil anomalies with a fully funded drill program planned.
- Carlin-Roop Silver Project exhibits geological characteristics comparable to the historic Keno Hill Silver District, including the Elsa Mine.
- Edmonton Project hosts a large magnetic anomaly with coincident gold, silver and base metal geochemical signatures indicative of a potential polymetallic system.
- Full 36-month warrants on both the Hard Dollar and Flow-Through offerings.
Upcoming Catalysts
- Closing of the LIFE financing (expected August 2026)
- 3:1 share consolidation
- Commencement of the 2026 drill program
- Anderson-Davidson diamond drilling
- Carlin-Roop trenching program
- Drill assay results and exploration updates
Planned Use of Proceeds
- Helicopter-supported diamond drilling at the Anderson Gold Trend
- Trenching at the Carlin-Roop Project
- Soil sampling at Anderson Gold Trend and Edmonton
- Geophysical (magnetic inversion) surveys
- Working capital
Please let us know if you have any questions or would like to discuss the opportunity further.
Press Release
Term Sheet
Research Report
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