Medaro Mining Terminates Yurchison Uranium Property Option Agreement

Rhea-AI Summary

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.

Positive

• None.

Negative

• Loss of potential uranium asset through option agreement termination
• Reduction in company's property portfolio

News Market Reaction

+2.53%

1 alert

+2.53% News Effect

On the day this news was published, MEDAF gained 2.53%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTC Pink: MEDAF) (FSE: 1ZY0) ("Medaro" or the "Company") announces that it has terminated, effective February 12, 2025, its option agreement with Skyharbour Resources Ltd. ("Skyharbour") dated November 1, 2021, as amended, respecting the Yurchison uranium 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. The Company owns the James Bay Pontax Project in Quebec. 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

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237201

FAQ

When will Medaro Mining's (MEDAF) Yurchison uranium property option agreement terminate?

The option agreement will terminate effective February 12, 2025.

When was MEDAF's original Yurchison property option agreement signed with Skyharbour?

The original option agreement was signed on November 1, 2021.

What is the impact of the Yurchison agreement termination on MEDAF's uranium portfolio?

The termination results in Medaro Mining losing its option on the Yurchison uranium property, reducing its uranium property portfolio.

Which company held the Yurchison uranium property that MEDAF terminated its option agreement with?

Medaro Mining terminated its option agreement with Skyharbour Resources