Medaro Mining Completes Superb Lake Option Agreement Earn-in Obligations

Rhea-AI Summary

Medaro Mining Corp. (CSE: MEDA, OTC Pink: MEDAD, FSE: 1ZY) has successfully fulfilled its earn-in obligations for the Superb Lake lithium project in Northwestern Ontario, Canada. The company now holds a 100% interest in the Property, which is located in the Thunder Bay Mining District. This achievement marks a significant milestone for Medaro, potentially strengthening its position in the lithium mining sector. The completion of the option agreement suggests that Medaro is advancing its strategic objectives in acquiring valuable lithium assets.

Positive

• Medaro Mining has acquired 100% interest in the Superb Lake lithium project
• Successful completion of earn-in obligations for a strategic lithium asset

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Medaro Mining Corp. (CSE: MEDA) (OTC Pink: MEDAD) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce the completion of its earn-in obligations to acquire a 100% interest in and to the Superb Lake lithium project located in the Thunder Bay Mining District of Northwestern Ontario, Canada (the "Property"). The Company now holds a 100% interest in and to the Property.

On Behalf of the Board of Directors
Michael Mulberry
CEO & Director

About the Company

The Company is a lithium exploration company based in Vancouver, BC, and holds options over the Darlin, Rapide, Lac La Motte and CYR South lithium properties in Quebec and the Yurichson Uranium property in the Athabasca basin in Saskatchewan. The Company owns the James Bay Pontax Project in Quebec and the Superb Lake lithium project in Ontario. The Company is a party to a joint venture agreement that engages the Company in the development and commercialization of a new process to extract lithium from spodumene concentrate.

For more information, investors should review the Company's filings that are available at www.sedarplus.ca.

Contact Information
info@medaromining.com
778-837-7191

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220627

FAQ

What has Medaro Mining (MEDAD) achieved regarding the Superb Lake lithium project?

Medaro Mining has completed its earn-in obligations and acquired a 100% interest in the Superb Lake lithium project located in Northwestern Ontario, Canada.

Where is the Superb Lake lithium project that Medaro Mining (MEDAD) acquired located?

The Superb Lake lithium project is located in the Thunder Bay Mining District of Northwestern Ontario, Canada.

What is the significance of Medaro Mining (MEDAD) completing the Superb Lake option agreement?

Completing the option agreement means Medaro Mining now holds a 100% interest in the Superb Lake lithium project, potentially strengthening its position in the lithium mining sector.