Medaro Mining Provides Corporate Update

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Algemeen advies 31/01/2025 05:51
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTC Pink: MEDAF) (FSE: 1ZY0) ("Medaro" or the "Company") announces that, following a comprehensive strategic review, it has decided to suspend all exploration activities on its lithium projects in 2025 and intends to discontinue the development of its lithium extraction technology. The Company is exploring other projects to add to its portfolio and will seek strategic partners for its existing lithium project portfolio.

Over the past several years, to complement its portfolio of lithium exploration properties, the Company has pursued the research and development of an innovative technology for extracting lithium from spodumene concentrate (the "Technology"), which has been carried out through its joint venture, Global Lithium Extraction Technologies Inc. While the initial test work showed promise, due to the significant level of capital resources necessary to further develop the Technology, and the current market conditions and the industry outlook on the lithium sector, the Company has determined that further investment in the Technology is not in its best interests at this time. see & read more on
https://www.newsfilecorp.com/release/238937/



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