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Medaro Mining Corp (MEDA) is a lithium exploration company based in Vancouver, BC, with options over several lithium properties in Quebec and the Yurichson Uranium property in Saskatchewan. The company recently amended its option agreement with Skyharbour Resources Ltd to acquire a 100% interest in the Yurchison uranium property located in Northern Saskatchewan. To fulfill its earn-in obligations, the company must issue shares, make cash payments, and incur exploration expenditures by specific dates. Additionally, Medaro is involved in a joint venture agreement for the development of a new process to extract lithium from spodumene concentrate.
Medaro Mining Corp. (CSE: MEDA, OTC Pink: MEDAD, FSE: 1ZY) has successfully fulfilled its earn-in obligations for the Superb Lake lithium project in Northwestern Ontario, Canada. The company now holds a 100% interest in the Property, which is located in the Thunder Bay Mining District. This achievement marks a significant milestone for Medaro, potentially strengthening its position in the lithium mining sector. The completion of the option agreement suggests that Medaro is advancing its strategic objectives in acquiring valuable lithium assets.
Medaro Mining Corp. has amended its option agreement with Skyharbour Resources regarding the Yurchison uranium property, making payments and share issuances to acquire a 100% interest in the Property by specific deadlines. The Company paid a fee of $2,500 for the amendment and must fulfill various financial obligations by 2025.
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