Welcome to our dedicated page for Medaro Mining news (Ticker: MEDAF), a resource for investors and traders seeking the latest updates and insights on Medaro Mining stock.
Medaro Mining Corp. reports corporate developments for a mineral exploration issuer with a lithium property portfolio in Quebec and previously disclosed work on lithium extraction from spodumene concentrate through Global Lithium Extraction Technologies. News about MEDAF includes updates on exploration strategy, property option changes, strategic-review outcomes, share consolidations, shares-for-debt settlements, private-placement plans, and other capital-structure actions. Company announcements also address trading status across the CSE, OTC Pink, and Frankfurt markets when relevant to its common shares.
Medaro Mining Corp. (OTC:MEDAF) has announced entering into a non-binding letter of intent (LOI) with Omega Gold Corp. for a proposed reverse takeover transaction. The agreement, dated June 23, 2025, will result in Medaro acquiring all issued and outstanding securities of Omega on a one-for-one basis.
Following the transaction, former Omega shareholders will hold 137,571,695 common shares of the resulting issuer. The transaction is expected to constitute a "Fundamental Change" of Medaro under Canadian Securities Exchange (CSE) rules.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) has announced a 5:1 share consolidation (reverse stock split) of its common shares. Following the consolidation, which is expected to begin trading on the Canadian Securities Exchange on May 9, 2025, the company's outstanding shares will reduce from 18,239,295 to approximately 3,647,861 shares.
The consolidation will proportionally adjust the exercise price and number of shares for outstanding convertible securities. No fractional shares will be issued - fractions below 1/2 will be cancelled while those 1/2 or above will be rounded up. Shareholders do not need to take any action, as new DRS statements will be sent to registered shareholders, and shares held through brokers will be automatically adjusted.
Medaro Mining Corp. (MEDAF) has announced a debt settlement agreement dated February 10, 2025, to convert $98,474.50 of debt into 1,047,601 common shares at $0.094 per share. The debt conversion aims to improve the company's financial position by reducing existing liabilities.
The shares issued will be subject to a four-month hold period and require Canadian Securities Exchange (CSE) approval. The settlement will not create a new control person, and no insiders are participating. Medaro currently holds options over several lithium properties in Quebec, owns the James Bay Pontax project and Superb Lake lithium property, and is involved in a joint venture for developing a new lithium extraction process from spodumene concentrate.
Medaro Mining (CSE: MEDA, OTC: MEDAF) has announced a debt conversion agreement dated February 4, 2024, to settle outstanding debt of $297,682 through the issuance of 3,166,826 common shares at $0.094 per share. The shares-for-debt transaction aims to improve the company's financial position by reducing existing liabilities.
The settlement requires approval from the Canadian Securities Exchange (CSE), and the issued shares will be subject to a four-month hold period from the date of issuance. The company confirmed that this debt settlement will not create a new control person, and no insiders are participating in the transaction.
Medaro Mining Corp. (MEDAF) has announced significant strategic changes, including the suspension of all lithium exploration activities for 2025 and discontinuation of its lithium extraction technology development. The decision follows a comprehensive review, citing current market conditions and capital requirements as key factors.
The company will pause exploration across its lithium properties until lithium commodity prices improve or a strategic partner is found. The Technology, developed through Global Lithium Extraction Technologies Inc. joint venture, showed initial promise but requires significant capital investment deemed unsuitable under current market conditions.
Additionally, Michael Mulberry has resigned as CEO and Director, effective immediately. Faizaan Lalani, the company's President and Director, will serve as interim CEO until a permanent replacement is found. The company is now exploring other projects to add to its portfolio while maintaining its existing lithium assets for potential future opportunities.
Medaro Mining (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0) has announced the termination of its option agreement with Skyharbour Resources regarding the Yurchison uranium property. The termination will be effective February 12, 2025. The original agreement was dated November 1, 2021.
Medaro Mining (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0) has announced a shares-for-debt transaction to improve its financial position. The company has settled a debt of $297,682 by issuing 3,166,826 common shares to creditors at a price of $0.094 per share. All issued shares are subject to a four-month and one-day hold period.
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