MEDARO MINING CORP - MEDAF STOCK NEWS

Medaro Mining Corp (CSE: MEDA, OTC: MEDAF) has announced significant advancements regarding its joint venture, Global Lithium Extraction Technologies Inc. (GLET). The company has engaged Materials and Chemistry Laboratory (MCLinc) to validate the effectiveness of a new lithium extraction technology that reportedly achieves over 99% recovery rates. Additionally, Process Engineering International, LLC will assist in creating a Process Flow Diagram for the pilot plant, ensuring a strong foundation for future operations. These collaborations aim to enhance confidence in the technology and support Medaro's growth.

Medaro Mining Corp. (CSE:MEDA) (OTC: MEDAF) has announced significant progress in its joint venture with Global Lithium Extraction Technologies Inc. (GLET), achieving over 99% recovery rates in lithium extraction technology tests. The company has issued 400,000 common shares to its partners and received 2,875,000 shares from GLET, increasing its ownership stake to 60%. President Faizaan Lalani emphasized the growing demand for lithium and the need to validate their technology at a commercial scale, with plans for a pilot plant now underway.

Medaro Mining Corp. (CSE:MEDA)(OTC PINK:MEDAF) plans a non-brokered private placement to raise up to $4,000,000 through the issuance of up to 16,666,667 flow-through units at $0.18 each and 6,666,667 units at $0.15 each. The proceeds will fund exploration and developing lithium extraction technology. Each unit consists of a common share and a warrant, with warrants exercisable at $0.30 for two years. All securities will be subject to a four-month hold period.

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.

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.