Medaro Mining Corp.
MEDA.CN
Canadian Securities Exchange0.20
CAD
-0.01
- -
Medaro Mining Corp.
MEDA.CN
(Canadian Securities Exchange)
Recent
price
0.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Medaro Mining Corp. Medaro Mining Corp. (CSE:MEDA) acquires, explores, and evaluates mineral resource properties in Canada, focusing on lithium, beryllium, gold, and uranium deposits; its principal projects include the Pontax Lithium Project in James Bay, Quebec, which it owns outright, alongside options over the Darlin Lithium, Rapide Lithium, Lac La Motte Lithium, and CYR South Lithium properties in Quebec, and the Superb Lake lithium and gold property in Thunder Bay, Ontario, where it completed earn-in obligations for 100% interest in August 2024. The Vancouver, British Columbia-based company, founded in 2020 and headquartered at 409 Granville Street, primarily targets the lithium exploration sector with operations concentrated in Quebec and Ontario. It previously pursued research and development of lithium extraction technology from spodumene concentrate through its joint venture, Global Lithium Extraction Technologies Inc. In January 2025, Medaro Mining Corp. suspended all exploration activities on its lithium projects and discontinued further development of its extraction technology amid challenging market conditions and capital constraints, while announcing plans to explore new projects and seek strategic partners for its existing portfolio. The company terminated its option agreement on the Yurchison Uranium property in January 2025 and entered a non-binding letter of intent in June 2025 with Omega Gold Corp. for a proposed reverse takeover transaction, under which Omega would acquire Medaro via share exchange or similar structure, shifting focus toward Omega's gold exploration property in a desert region with permitted drill pads and planned summer drilling. Recent shares-for-debt settlements occurred in December 2024, February 2025, and earlier in 2025 to manage liabilities.
Medaro Mining Announces Appointment of President & Chief Executive Officer and Award Grant
Medaro Mining Announces High-Grade Copper and Gold Assay Results from Sampling Program at the Bastnas Project in Sweden