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 results from its soil sampling program at the Superb Lake Lithium Property in Northwestern Ontario. The Phase 1 exploration identified a significant northwest-southeast lithium anomaly with values up to 310 ppm over a 1250 m strike. Previous sampling revealed lithium oxide (Li2O) concentrations between 1.77% and 4.03%. The program indicates potential for discovering additional pegmatites, enhancing Medaro's exploration outlook.
Medaro Mining Corp. (CSE: MEDA, OTC: MEDAF) is advancing its **lithium carbonate (Li2CO3)** production methods, achieving 99.98% purity, with plans for ≥99.99% purity testing. The company is preparing a provisional patent for distinct processing methods, enhancing its technology for spodumene concentrates. CEO Michael Mulberry highlighted the potential for multiple cost-effective methods, driving shareholder value. Additionally, partnerships with lithium producers are expanding testing to worldwide spodumene samples, reinforcing Medaro's innovative capabilities in the **lithium market**.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) announces significant progress in its innovative spodumene processing technology, achieving 100% extraction of lithium (Li) and aluminum (Al) from spodumene. The company reports the creation of 99.91% pure Li2CO3, with further developments aiming for ≥99.99% purity. A custom equipment set for delivery by February will enhance testing capabilities. Medaro's focus remains on creating a process that is 30-50% cheaper than current methods, with potential co-production of high-value by-products to offset costs.
Medaro Mining Corp (CSE: MEDA, OTC: MEDAF), based in Vancouver, is advancing its exploration of the Yurchison Uranium Property in Saskatchewan. Following an option agreement for a 70% interest, Medaro has engaged J-J Minerals to compile extensive data, including previous assessments and geophysical reports. A comprehensive exploration program is slated for summer 2022, featuring a 5,000 km airborne radiometric survey, prospecting, and sampling of up to 1,600 geological samples. CEO Michael Mulberry expressed optimism about the project's potential impact on shareholder value.
Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) has appointed Michael Mulberry as its new CEO, effective immediately. Mulberry has extensive experience in the mineral exploration industry, having held various leadership roles in publicly listed companies since the mid-1990s. Outgoing CEO Hugh Maddin, who was pivotal in the company's formation, will remain on the board. The company focuses on developing lithium extraction technology and has multiple resource assets in Canada, indicating a strategic shift towards operational growth.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) has announced successful lab results confirming their spodumene processing technology's functionality. The tests show compliance with chemical thermodynamics and kinetics, demonstrating the potential to extract lithium and multiple byproducts efficiently. The objective is to enhance lithium yields and produce high-value byproducts, lowering overall extraction costs. Additionally, the company is enhancing its laboratory testing capabilities, with new equipment designed for high temperature and pressure operations nearing completion. These advancements aim to establish compact extraction plants at mine sites.
Medaro Mining Corp has announced the results of its Phase 1 exploration program at the CYR South Lithium Property in James Bay, Quebec. The program focused on identifying pegmatites for lithium and other metals. Key findings include lithium values up to 166 ppm and beryllium values reaching 26,600 ppm. Recommendations for further exploration include compilation of historical data and ground trenching. The company is also renewing its marketing services agreement with Financial Star News for $500,000, aimed at boosting investor awareness.
Medaro Mining Corp (CSE: MEDA, OTC: MEDAF) has reported substantial advancements in lithium extraction technology, achieving recovery rates between 95% and 100% for lithium and aluminum. The company aims to produce spodumene concentrates with high mineralogical purity while offsetting production costs through the sale of byproducts like alumina and silica. These high-value materials may significantly lower the overall cost of lithium production. CEO Faizaan Lalani expressed optimism about reaching break-even production costs, citing the efficiency of their low-temperature processing method.
Medaro Mining Corp. (CSE: MEDA, OTC: MEDAF) reports a significant milestone in lithium extraction, achieving a 90% recovery rate and projecting processing cost reductions of 30% to 50% through its innovative joint venture technology. This thermochemical solvent extraction method is designed to produce high-purity lithium carbonate and hydroxide efficiently while minimizing environmental impact. The company has completed its Kingston lab facility, validating the process's viability with lower energy usage. Additionally, Medaro has issued 2,320,000 restricted share units to its directors and consultants.
Medaro Mining Corp (CSE:MEDA)(OTC PINK:MEDAF) has successfully closed an oversubscribed private placement, raising $4,521,929 by issuing 6,459,899 flow-through units at $0.70 each. Each unit consists of one common share and half a warrant, with full warrants callable at $0.90 for two years. The funds will be allocated for qualifying exploration in Ontario, Quebec, and Saskatchewan. Additionally, finder’s fees totaled $188,786 with corresponding warrants. The issued securities have a four-month hold period, expiring on March 17, 2022.
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