MEDARO MINING CORP - MEDAF STOCK NEWS

Medaro Mining Corp. has filed two provisional patent applications for its innovative spodumene processing technology, which aims to revolutionize lithium extraction. This technology promises to reduce processing costs by 30% to 50% while minimizing environmental impacts. It efficiently manufactures high-purity lithium carbonate and aluminum hydroxide using only three feedstock materials: spodumene concentrate, carbon dioxide, and water. With its compact and scalable design, the technology can be deployed in remote areas and powered by green electricity. Currently, Medaro is finalizing plans to build its first pilot plant in the United States and seeking partnerships to advance the lithium mining sector.

Medaro Mining Corp. (CSE: MEDA, OTC: MEDAF) announced on March 16, 2023, that it has narrowed its search for a U.S. pilot plant location to Tennessee, North Carolina, and Georgia, chosen for their robust infrastructure and skilled workforce. The company is advancing its innovative spodumene processing technology and has begun purchasing equipment for the pilot plant, with plans for buildout in Q3/Q4 2023. This initiative aligns with the growing U.S. lithium market, supported by other industry players like Piedmont Lithium and Albemarle Corporation, who have received significant grants to enhance domestic lithium production.

Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) has announced promising findings from its 2022 diamond drilling program at the Lac La Motte Lithium Property in Quebec. A total of 19 drill holes, amounting to 2,513 meters, revealed pegmatites with significant lithium grades. Notably, Drill Hole MD22-07 intersected a 1.76 m wide pegmatite with an average grade of 4,375 ppm Li (0.94% Li2O). Other highlights include drill holes MD22-05 and MD22-08, which demonstrated multiple pegmatites with varying grades. The results follow a successful ground prospecting program initiated in May 2022, setting the stage for further exploration in 2023.

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.