Stallion Uranium Announces Strategic Technical Partnership with Axiom Exploration Group and Corporate Update
Maple appoints new management and forms a strategic partnership to accelerate exploration at the Joutel and Douay projects.
Maple Gold Mines Ltd. (MGM) released a corporate and operational update on October 30, 2026, detailing a series of strategic partnerships, leadership changes, and exploration activities. The company formalized a Master Services Agreement with Axiom Exploration Group to provide geological, geophysical, environmental, and consulting services. The partnership involves key personnel including Doug Engdahl, President and CEO of Axiom, and Brent Jellicoe, P.Geo., who will support the technical rigor of the 2026 exploration program.
In a separate development, Maple Gold amended its option agreement with Atha Energy Corp. The company’s interest in the Moonlite Project has been reduced from 70% to a 50% retained interest, establishing the two entities as equal 50/50 joint venture partners. Under the terms of the agreement, Atha may pay $2.5 million if a material discovery is made on the optioned claims, while exploration expenditure conditions remain unchanged.
The update also announced significant leadership transitions within Maple Gold. Michelle Roth has been appointed Interim CEO, Xavier Wenzel, CPA, CA, has taken on the role of CFO, and Doug Engdahl has been named Senior Technical Advisor. The outgoing executive team includes Matthew Schwab, formerly CEO; Darren Slugoski, former VP Exploration; and Paulo Santos, former CFO.
Concurrently, Michelle Roth was granted 200,000 incentive stock options at $0.13 per share. The options vest immediately, subject to approval by the TSX Venture. Operationally, Maple Gold continues its 2026 drilling program, focusing on recalibrating geophysical models and conducting targeted surveys to refine exploration targets.
Maple Gold Mines Ltd. (MGM) has appointed an interim CEO and a seasoned CFO, providing continuity and financial stewardship during a transition period. The company has also entered into a partnership with Axiom Exploration Group to add specialized technical capacity, aligning with its goal of maximizing exploration efficiency.
An amended option structure with Atha Energy clarifies the path to a 50/50 joint venture and introduces a potential $2.5 million upside payment for a material discovery. This arrangement reduces Maple's retained interest but mitigates risk and aligns incentives for joint advancement. Additionally, a modest stock option grant was issued to the interim CEO for executive retention.
An operational update confirmed that drilling continues, with the intent to maintain momentum on the Joutel/Douay programs. The company’s financial position remains robust, with $23.4 million in cash and zero debt.
Maple Gold Mines Ltd. (MGM) is an exploration-stage gold company focused on its 100%-owned Douay/Joutel Gold Project in Quebec's Abitibi Greenstone Belt. The land package spans approximately 481 km² and is situated along the prospective Casa Berardi Deformation Zone.
The Douay Project hosts open-pit and underground targets. Recent drilling has validated the "Nika Plunge" model and extended bulk tonnage mineralization to depth. High-grade stepouts at the Nika and 531 zones demonstrate strong continuity.
The Joutel Project is a historical producer that yielded 1.1 million ounces of gold at 6.5 g/t Au between 1974 and 1993. Recent drilling has extended high-grade mineralization up to 450 meters beyond historical Eagle-Telbel workings, with multiple intervals exceeding 20 g/t Au.
The Morris Project is a zinc-copper VMS target with an inaugural 1,300-meter drill program completed; assay results are pending.
The company is in the exploration phase with no mineral reserves, no production, and no revenue. A Preliminary Economic Assessment is targeted for 2027.