Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro” or the “Company”), a multi-faceted mineral explorer and joint venture (JV) partner with Global Lithium Extraction Technologies Inc., is pleased to provide an update regarding the venture’s innovative clean technology aimed at cost-effectively extracting lithium from spodumene.
Rock samples from the Company’s Superb Lake Property, located in Thunder Bay, Ontario, have arrived at their laboratory facility in Kingston, Tennessee. These rock samples, which were taken during the Company’s recently completed Phase 1 exploration fieldwork program, will be utilized in tests currently being performed at low processing temperatures, aimed at validating a critical cost saving capability through lower energy usage. With the ability to use materials sourced from the Company’s own properties, Medaro looks to confirm previous test results with the goal of deploying the technology, once fully proven out, on their own properties.
In addition, the Company is pleased to announce an agreement with MIC Market Information & Content Publishing GmbH (“MIC”) (Address: Gerhart-Hauptmann-St. 49b 51379 Leverkusen; firstname.lastname@example.org) for marketing services of up to three months, commencing in November, 2021.
MIC will utilize their online programs with the aim of generating a greater following, increasing investor awareness and attracting potential new investors through various online platforms and methods of engagement in consideration of EUR 300,000. The promotional activity shall occur by email, Facebook, and Google. MIC does not have any prior relationship with the Company.
The Company is also pleased to announce an agreement with Oilprice.com (“Oilprice”) (Address: Geneva Place, Waterfront Drive, P.O. Box 3469, Road Town, Tortola, British Virgin Islands; www.oilprice.com/contact) whereby Oilprice will write five (5) articles on the Company’s business in consideration of USD $90,000 per article. Oilprice will utilize the articles on their website with the aim of generating a greater following and increasing investor awareness. Oilprice does not have any prior relationship with the Company.
On Behalf of The Board of Directors
President & Director
About Medaro Mining Corp.
Medaro Mining (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) is a lithium exploration company based in Vancouver, BC, which holds options on the Superb Lake lithium property located in Thunder Bay, Ontario, the Cyr South lithium property located in James Bay, Quebec and the Yurchison uranium property in Northern Saskatchewan. The Company is also involved in the development and commercialization of a new process to extract lithium from spodumene concentrate through its Global Lithium Extraction Technologies joint venture. Find out more at: https://medaromining.com/.
For detailed information, investors are invited to review the Company’s filings available at www.sedar.com.
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements respecting (i) features of the JV’s technology, (ii) current efforts to develop processing steps for the JV technology, (iii) the implications of testing results are “forward- looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.