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Midland Exploration closes private placement of $3.04m

Midland Exploration completed a non-brokered private placement of approximately $3.04 million. It issued 4,972,876 flow-through shares at US$0.56 and 550,000 common shares at US$0.46; the securities are subject to a hold period until April 10, 2026. Centerra Gold exercised its subscription right and acquired 550,000 common shares, and company insiders purchased 443,500 flow-through shares. The proceeds will be used for exploration in Quebec and for general corporate purposes; following the transaction there are 112,973,453 common shares outstanding. The placement was made under prospectus exemption rules and is subject to final approval by the TSX Venture Exchange. » More on de.investing.com
Midland Exploration raises $6.1 million through private placements

Midland Exploration has completed private placements with gross proceeds of $6.1 million, with Centerra Gold acquiring a 9.9% stake as a new strategic investor. The funds will be used to finance Canadian exploration projects, particularly in Abitibi, James Bay, and northern Québec. The company demonstrates strong financial health and plans to use the funds for eligible exploration expenses through the end of 2026. » More on de.investing.com

Financials

In the last quarter, MIDLAND EXPLORATION INC. had revenue of €2.64K and net profit of -€433.33K

(EUR)	Jun 2026	YoY
Revenue	2.64K	93.31%
Gross profit	-2.57K	107.52%
Net profit	-433.33K	270.21%
EBITDA	-265.44K	30.12%

Fundamentals

Metric	Value
Market capitalization	€26.33M
Number of shares	112.97M
52-week high/low	€0.41 - €0.18
Dividends	No
Beta	1.01
P/E ratio	-18.72
PEG ratio	0.42
P/B ratio	0.90
P/S ratio	145.20

Company profile

Midland Exploration Inc. ist ein Mineralexplorationsunternehmen, das sich mit dem Erwerb, der Exploration und der Bewertung von Mineralgrundstücken in Kanada befasst. Das Unternehmen hält 100 % der Anteile an 460 Claims mit einer Fläche von 260 Quadratkilometern in der Region Abitibi zwischen den Städten Amos und Matagami. Das Unternehmen exploriert nach Gold, Platingruppenelementen und Basismetallen. Midland Exploration Inc. wurde 1995 gegründet und hat seinen Hauptsitz in Montreal, Kanada.