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Medaro Mining Terminates Yurchison Uranium Property Option Agreement

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Medaro Mining (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0) has announced the termination of its option agreement with Skyharbour Resources regarding the Yurchison uranium property. The termination will be effective February 12, 2025. The original agreement was dated November 1, 2021.

Medaro Mining (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0) ha annunciato la risoluzione del suo contratto di opzione con Skyharbour Resources relativo alla proprietà di uranio Yurchison. La risoluzione sarà efficace dal 12 febbraio 2025. L'accordo originale risale al 1° novembre 2021.

Medaro Mining (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0) ha anunciado la terminación de su acuerdo de opción con Skyharbour Resources respecto a la propiedad de uranio Yurchison. La terminación será efectiva el 12 de febrero de 2025. El acuerdo original data del 1 de noviembre de 2021.

메다로 마이닝 (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0)이 스카이하버 리소스와의 유르치손 우라늄 자산에 대한 옵션 계약 종료를 발표했습니다. 종료는 2025년 2월 12일부터 시행됩니다. 원래 계약은 2021년 11월 1일에 체결되었습니다.

Medaro Mining (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0) a annoncé la résiliation de son contrat d'option avec Skyharbour Resources concernant la propriété d'uranium Yurchison. La résiliation sera effective à compter du 12 février 2025. L'accord original date du 1er novembre 2021.

Medaro Mining (CSE: MEDA, OTC: MEDAF, FSE: 1ZY0) hat die Beendigung seines Optionsvertrags mit Skyharbour Resources bezüglich des Yurchison-Uranprojekts bekannt gegeben. Die Beendigung wird ab dem 12. Februar 2025 wirksam. Der ursprüngliche Vertrag datiert vom 1. November 2021.

Positive
  • None.
Negative
  • Loss of potential uranium asset through option agreement termination
  • Reduction in company's property portfolio

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTC Pink: MEDAF) (FSE: 1ZY0) ("Medaro" or the "Company") announces that it has terminated, effective February 12, 2025, its option agreement with Skyharbour Resources Ltd. ("Skyharbour") dated November 1, 2021, as amended, respecting the Yurchison uranium property.

On Behalf of the Board of Directors
Michael Mulberry
CEO & Director

About the Company
The Company is a lithium exploration company based in Vancouver, BC, and holds options over the Darlin, Rapide, Lac La Motte and CYR South lithium properties in Quebec. The Company owns the James Bay Pontax Project in Quebec. The Company is a party to a joint venture agreement that engages the Company in the development and commercialization of a new process to extract lithium from spodumene concentrate.

For more information, investors should review the Company's filings that are available at www.sedarplus.ca.

Contact Information
info@medaromining.com
778-837-7191

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237201

FAQ

When will Medaro Mining's (MEDAF) Yurchison uranium property option agreement terminate?

The option agreement will terminate effective February 12, 2025.

When was MEDAF's original Yurchison property option agreement signed with Skyharbour?

The original option agreement was signed on November 1, 2021.

What is the impact of the Yurchison agreement termination on MEDAF's uranium portfolio?

The termination results in Medaro Mining losing its option on the Yurchison uranium property, reducing its uranium property portfolio.

Which company held the Yurchison uranium property that MEDAF terminated its option agreement with?

Medaro Mining terminated its option agreement with Skyharbour Resources

MEDARO MINING CORP

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