Medaro Mining Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Mark R. Ireton
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 333 Terminal Avenue Vancouver BC Canada V6A 4C1
- IPO Date
- May 27, 2021
- Website
- medaromining.com
- Similar Companies
- Business
- Medaro Mining Corp. is a Canadian mineral exploration company primarily engaged in the acquisition, exploration, and evaluation of mineral resource properties focusing on lithium, beryllium, and uranium deposits. The company’s portfolio includes key projects such as the James Bay Pontax lithium project and the Darlin, Rapide, Lac La Motte, and CYR South lithium properties in Quebec, as well as the Superb Lake lithium project in Northwestern Ontario. Medaro also holds interests in uranium properties, including the former Yurchison uranium property in Saskatchewan. Its operations encompass advanced exploration methodologies and involvement in a joint venture for developing new lithium extraction technologies from spodumene concentrate. Founded in 2020 and headquartered in Vancouver, British Columbia, Medaro Mining has been actively expanding and managing its project base across Canada. Recent major developments include the completion of earn-in obligations to acquire 100% interest in the Superb Lake lithium project in Ontario and the termination of its option agreement on the Yurchison uranium property in early 2025. The company has also undertaken financial restructuring measures, including shares-for-debt transactions totaling over $390,000 to improve its balance sheet during 2024 and early 2025. Additionally, Medaro suspended all lithium exploration activities and discontinued its lithium extraction technology development in 2025, citing current market conditions and capital requirements, while maintaining its existing lithium assets for future opportunities. In mid-2025, Medaro entered into a non-binding letter of intent with Omega Gold Corp. for a potential reverse takeover transaction, although related acquisition efforts have seen subsequent cancellations. Medaro’s core business segments include mineral property acquisition and exploration, lithium resource development, uranium exploration, and mining technology joint ventures. Its target markets are primarily focused on the battery metals sector, serving the growing electric vehicle and energy storage industries through its lithium projects. The company operates mainly in Canadian jurisdictions, emphasizing rigorous resource evaluation and data-driven project advancement. Leadership changes in 2025 included the resignation of CEO Michael Mulberry, with President Faizaan Lalani appointed interim CEO, as the company navigates strategic realignment and potential project diversification. Overall, Medaro Mining Corp. positions itself as a lithium-focused exploration and development company with a diversified Canadian mineral portfolio and strategic initiatives aimed at enhancing shareholder value through project consolidation, financial restructuring, and potential merger activities. Its operational focus remains on advancing lithium projects while selectively exploring opportunities for future growth within the mineral resource sector in Canada.
Medaro Mining Announces Appointment of President & Chief Executive Officer and Award Grant
Medaro Mining Commences Airborne Geophysical Survey at Clay Howells West REE Property, Ontario
Medaro Mining Commences Ground Fieldwork at Clay Howells West Rare Earth Element Project, Ontario
Medaro Mining Grants Restricted Share Rights
Medaro Mining Announces High-Grade Copper and Gold Assay Results from Sampling Program at the Bastnas Project in Sweden
Medaro Mining Announces Completion of Desktop Study for Clay-Howells West REE Project, Ontario
Medaro Signs LOI to Acquire up to 100% Interest in the past Producing Sala Silver-Zinc Project, Sweden
Medaro Mining Announces Agreement to Acquire Bäckegruvan nr 1 Property
Medaro Mining Announces Digital Marketing Services Extension Agreement
Medaro Mining Announces Exploration Program at Clay Howells West Project in Ontario
Medaro Mining Announces Digital Marketing Services Extension Agreement
Medaro Mining Commences Exploration Program at Bastnäs Project
Medaro Mining Announces Exploration Program at Bastnäs Project in Sweden
Medaro Mining Announces Granting of Permits for Bastnäs Asset in Sweden
Medaro Mining Announces Appointment of Chief Financial Officer and Corporate Secretary
Medaro Mining Announces Digital Marketing Services Extension Agreement
Medaro Announces Closing of Private Placement
Medaro Mining Corp. Highlights Positive Mining Outlook for Critical Minerals in the EU
Medaro Announces Private Placement
Medaro Announces Staking in Sweden's Riddarhyttan-Bastnäs District