Medaro Mining Stock Price, News & Analysis

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.