Medaro Terminates Option over Superb Lake Property

Rhea-AI Summary

Medaro Mining Corp. (MEDA) terminates option agreement with Rock Edge Resources Ltd. regarding the Superb Lake lithium project in Ontario.

Vancouver, British Columbia--(Newsfile Corp. - January 10, 2024) - Medaro Mining Corp. (CSE: MEDA) (OTC Pink: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") announces that it has terminated its option agreement (the "Superb Lake Option Agreement") dated November 23, 2022 with Rock Edge Resources Ltd. ("Rock Edge"). Before its termination, the Superb Lake Option Agreement granted Rock Edge the right to acquire up to a 70% interest in the Company's Superb Lake lithium project, located in the Thunder Bay mining district of Ontario.

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

About the Company
Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC, which owns or holds options over the Superb Lake lithium property located in Thunder Bay, Ontario, the Lac La Motte, Darlin, Rapide, Pontax and Cyr lithium properties in Quebec and the Yurchison uranium property in Northern Saskatchewan. The Company is also involved in the development and commercialization of a new process to extract lithium from spodumene concentrate through its Global Lithium Extraction Technologies joint venture.

For more detailed information, please consult the Company's filings, available at www.sedarplus.ca.

Contact Information
Investor Relations
Email: info@medaromining.com
Phone: 604-602-0001

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193846

What is the latest announcement from Medaro Mining Corp. (MEDA)?

Medaro Mining Corp. (MEDA) has terminated its option agreement with Rock Edge Resources Ltd. regarding the Superb Lake lithium project in Ontario.

When was the option agreement terminated?

The option agreement was terminated on January 10, 2024.

What was the Superb Lake Option Agreement about?

The Superb Lake Option Agreement granted Rock Edge the right to acquire up to a 70% interest in the Company's Superb Lake lithium project.

Where is the Superb Lake lithium project located?

The Superb Lake lithium project is located in the Thunder Bay mining district of Ontario.

Who is the CEO and Director of Medaro Mining Corp.?

Michael Mulberry is the CEO and Director of Medaro Mining Corp.