10:48 AM EDT, 03/19/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) was edging up at last look on Wednesday after saying the mill at the Madsen Mine in Ontario, which was restarted on March 10, is now processing low-grade material.

The first batch of bulk sample material from Stope 1 will be processed next week, the company added.

The camp is now housing workers, the pace of underground development continues to rise, and the connection drift is within 84 metres (94%) of completion, the statement noted.

West Red Lake Gold has also drawn US$7.5 of the US$15-million second tranche of its US$35 million credit facility with Nebari Natural Resources Credit Fund. Proceeds will be used to complete the restart of the mine.

"Turning on the Madsen Mill to process the bulk sample was a very exciting moment for the entire West Red Lake Gold team, who have been working tirelessly in recent months as we push towards production," said Chief Executive Shane Williams. "A smooth restart of this major piece of infrastructure reinforces that our level of preparation has created translated into successful operational readiness ahead of initial production. With gold prices trading at record levels, it is an exciting and fortuitous time to be making the transition from developer to producer."

The company's shares were last seen up $0.005 at $0.585, on the TSX Venture Exchange.

Price: 0.59, Change: +0.01, Percent Change: +0.86