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 entered into an option agreement to acquire a 100% interest in the Rapide Li-Be property in northwestern Quebec, enhancing its lithium exploration footprint. The Rapide Property consists of 32 mineral claims covering 1,800 hectares in a region known for active lithium and molybdenum mines. The agreement involves cash payments of $160,000, share issuances of 350,000 common shares, and $800,000 in exploration expenditures over three years. A 2.0% net smelter returns royalty will be retained by the optionor.
Medaro Mining Corp. (CSE:MEDA, OTCBB:MEDAF) has announced the results from its Phase 2 soil sampling program at the Superb Lake Lithium Property in Ontario, Canada. The program, conducted in June 2022, involved collecting 161 soil samples along three lines. Key findings include multiple lithium anomalies, particularly along Line 1, which exhibits the strongest potential for discovering additional pegmatites. The company has initiated trenching and shallow drilling to further investigate these anomalies and plans to explore second-priority anomalies pending successful follow-up.
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Medaro Mining Corp. (CSE: MEDA, OTC: MEDAF) has announced results from its exploration program at the Lac La Motte Lithium Property in Quebec. Conducted from May to June 2022, the program confirmed historical lithium occurrences and identified new drill targets. Notable assay results show lithium oxide (Li2O) values ranging from <0.02% to 2.58%. The ongoing drill program, contracted to Forage Hebert Inc., has completed 17 holes totaling 2,408 meters, targeting a 500m pegmatite trend. Further assay results are pending.
Medaro Mining Corp (CSE: MEDA, OTC: MEDAF) has announced progress on its innovative spodumene processing technology and exploration efforts. The company’s Double Closed-Loop Chemical Process is advancing, with most tests completed and patent applications underway. In Saskatchewan, a two-phase uranium exploration program is progressing, with phase one completed and phase two starting August 5. Medaro's lithium exploration in Ontario and Quebec is also moving forward, including sampling at Superb Lake and Lac La Motte. CEO Michael Mulberry emphasized the company's focus on enhancing shareholder value through these initiatives.
Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) has announced an option agreement to acquire a 100% interest in the Darlin Li-Be property in Quebec. This property covers 2,133 hectares in a prominent lithium pegmatite area. The acquisition involves cash payments of $160,000, issuing 350,000 common shares, and committing $800,000 to exploration. Additionally, a royalty agreement includes a potential $1 million bonus upon meeting certain resource criteria. CEO Michael Mulberry highlighted the strategic importance of this acquisition for expanding their portfolio in Northwest Quebec.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) has contracted Forage Hebert Inc. to drill between 1,000 and 3,000 meters at the Lac La Motte property in Quebec. This property spans approximately 519 hectares and is located in a region known for lithium prospects. The drilling aims to explore lithium targets based on historical results that showed over 1% lithium oxide. Medaro's summer exploration program intends to confirm and expand the known lithium pegmatite footprint. Results from the drill program are expected to be reported following the completion of the drilling.
Medaro Mining Corp (CSE: MEDA, OTC: MEDAF) announced an option agreement to acquire a 100% interest in the Lac La Motte property in Quebec, which spans 519 hectares and contains historical drilling results as high as 1.65% Li20. To secure the acquisition, Medaro will make cash payments totaling $160,000, issue 350,000 shares, and invest $800,000 in exploration. A bonus of $1,000,000 will be paid if a 1 megatonne resource is established. The company plans extensive exploration this summer and aims to capitalize on lithium demand.
Medaro Mining Corp (CSE: MEDA, OTC: MEDAF) has made significant progress in its lithium extraction technology, achieving 99.98% pure Li2CO3 production from spodumene. The company is now focusing on isolating aluminum-rich materials and has made several key discoveries in this area. CEO Michael Mulberry expressed satisfaction with the advancements and the commitment to environmentally friendly processes. The firm is involved in projects in Ontario and Quebec, enhancing its mineral processing capabilities.
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