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. (MEDAF) generates news that reflects both its mineral exploration activities and its evolving corporate strategy. Company announcements describe work on lithium exploration properties in Quebec and Ontario, drilling results from projects such as the CYR South lithium property in the James Bay region, and technical details about sampling, laboratory analysis and identified lithium-bearing pegmatites.
Beyond project-level updates, Medaro’s news flow includes corporate and capital markets developments. The company has reported share consolidations approved by its board and, in one case, by shareholders, with explanations of how consolidations affect the number of issued and outstanding shares and the treatment of fractional shares. Medaro has also disclosed shares-for-debt transactions in which it agreed with certain creditors to settle outstanding liabilities through the issuance of common shares, describing these steps as part of efforts to improve its financial position.
Strategic and portfolio changes are another recurring theme. Medaro has issued releases about terminating an option agreement on the Yurchison uranium property, suspending exploration activities on its lithium projects in 2025, and discontinuing development of its lithium extraction technology after a strategic review. Management changes, including the resignation of a chief executive officer and the appointment of an interim CEO, have also been communicated through formal news updates.
More recently, Medaro announced a non-binding letter of intent with Omega Gold Corp. for a proposed reverse takeover transaction that, if completed, would result in Omega becoming the operating business of the resulting issuer and Medaro’s current mineral property interests being spun out into a new company. This type of disclosure provides insight into potential future directions for the company, while emphasizing that the transaction remains subject to due diligence, definitive agreements and regulatory and shareholder approvals. Investors following MEDAF news can use these releases to track exploration results, corporate restructuring, financing decisions and proposed transactions over time.
Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) has announced promising findings from its 2022 diamond drilling program at the Lac La Motte Lithium Property in Quebec. A total of 19 drill holes, amounting to 2,513 meters, revealed pegmatites with significant lithium grades. Notably, Drill Hole MD22-07 intersected a 1.76 m wide pegmatite with an average grade of 4,375 ppm Li (0.94% Li2O). Other highlights include drill holes MD22-05 and MD22-08, which demonstrated multiple pegmatites with varying grades. The results follow a successful ground prospecting program initiated in May 2022, setting the stage for further exploration in 2023.
Medaro Mining Corp. (CSE: MEDA)(OTC: MEDAF) announced promising results from its 2022 exploration at the CYR South Lithium Property in Quebec, revealing higher than expected lithium values and anomalies of rare metals. The exploration included 600 soil and 18 rock samples which showed lithium levels from less than 15 ppm to 1,480 ppm. Notably, beryllium values exceeded 5,000 ppm in some samples. Following these findings, the Company is planning trenching and drilling to further assess the property’s potential for lithium mineralization. Medaro’s exploration endeavors demonstrate its commitment to expanding its resource base in the competitive lithium market.
Medaro Mining Corp. (CSE: MEDA, OTC: MEDAF) announced an agreement with Eva Garland Consulting (EGC) to secure non-dilutive grant funding for its lithium extraction technology and pilot plant. EGC has successfully secured over US$600M in grant funding for various clients. The collaboration aims to expedite the company's technological advancements without issuing equity or debt. Medaro's president, Faizaan Lalani, expressed excitement about this partnership, which is expected to position the company as a leader in the lithium industry. This funding will aid in the commercialization of their innovative solutions.
Medaro Mining Corp. (CSE: MEDA) has completed its Phase 1 exploration program at the Rapide Lithium Property in Quebec, involving airborne and ground surveys, soil and rock sampling, and 2,805 meters of diamond drilling across thirteen holes. The drilling intersected several pegmatites, with results pending. CEO Michael Mulberry expressed optimism for 2023, highlighting successful lithium and uranium acquisitions. The program aims to enhance Medaro's lithium mineralization potential in proximity to its other properties, streamlining cost-effective exploration efforts moving forward.
Medaro Mining Corp. (CSE: MEDA) announced the completion of its Phase 1 exploration program at the Darlin Lithium Property in Val-d’Or, Quebec. The program included airborne and ground geophysical surveys, soil and rock sampling, and diamond drilling. A total of eight diamond drill holes were drilled, with a cumulative length of 1,286 metres. Although two holes were abandoned due to harsh ground conditions, several pegmatites were intersected. The exploration data is being compiled for future reporting, which will guide the 2023 work program.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) has announced a property option agreement with Rock Edge Resources Ltd (CSE: REDG) for a 70% interest in its Superb Lake Lithium Property in Northwestern Ontario. The property covers approximately 2,187 hectares and is located near Thunder Bay. To earn this interest, REDG must pay $200,000, issue 1,700,000 shares, and invest $700,000 in exploration within two years. Upon successful acquisition, a joint venture will be formed to advance development, as noted by CEO Michael Mulberry.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) has announced two significant developments concerning its Global Lithium Extraction Technologies joint venture. The company has engaged Materials and Chemistry Laboratory (MCLinc) for independent validation of its technology, which claims over 99% lithium recovery from spodumene concentrate. Additionally, Process Engineering International, LLC will assist in creating a Process Flow Diagram for the pilot plant. These collaborations aim to enhance the confidence and operational framework of Medaro's lithium extraction process.
Medaro Mining Corp (CSE: MEDA, OTC: MEDAF) has announced significant advancements regarding its joint venture, Global Lithium Extraction Technologies Inc. (GLET). The company has engaged Materials and Chemistry Laboratory (MCLinc) to validate the effectiveness of a new lithium extraction technology that reportedly achieves over 99% recovery rates. Additionally, Process Engineering International, LLC will assist in creating a Process Flow Diagram for the pilot plant, ensuring a strong foundation for future operations. These collaborations aim to enhance confidence in the technology and support Medaro's growth.
Medaro Mining Corp. (CSE:MEDA) (OTC: MEDAF) has announced significant progress in its joint venture with Global Lithium Extraction Technologies Inc. (GLET), achieving over 99% recovery rates in lithium extraction technology tests. The company has issued 400,000 common shares to its partners and received 2,875,000 shares from GLET, increasing its ownership stake to 60%. President Faizaan Lalani emphasized the growing demand for lithium and the need to validate their technology at a commercial scale, with plans for a pilot plant now underway.
Medaro Mining Corp. (CSE:MEDA)(OTC PINK:MEDAF) plans a non-brokered private placement to raise up to $4,000,000 through the issuance of up to 16,666,667 flow-through units at $0.18 each and 6,666,667 units at $0.15 each. The proceeds will fund exploration and developing lithium extraction technology. Each unit consists of a common share and a warrant, with warrants exercisable at $0.30 for two years. All securities will be subject to a four-month hold period.
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