Medaro Mining Corp. (CNSX:MEDA) entered into a share purchase agreement to acquire James Bay Pontax Lithium Project in Quebec, Canada for CAD 0.1 million on May 17, 2023. Pursuant to the SPA, Medaro has agreed to acquire 100% of James Bay Pontax Lithium Project in exchange for (i) 1,200,000 common shares in the capital of Medaro (ii) a cash payment of CAD 7,500 and (iii) a commitment to incur CAD 150,000 in exploration expenditures over the twelve months following closing. The Consideration Shares will be subject to resale restrictions, contemplating release in three equal tranches every four months following the closing date of the acquisition. The Company will also pay a bonus of CAD 150,000 to the vendors of the Target if, in carrying out exploration on the Project, the Company intersects five intercepts of spodumene-bearing pegmatite dykes grading a minimum of 1.20% Li2O over a minimum of 1.5 meters. Upon closing, Medaro?s total Quebec portfolio will hold 234 claims covering approximately 13,087 hectares

Medaro Mining Corp. (CNSX:MEDA) completed the acquisition of James Bay Pontax Lithium Project in Quebec, Canada in September 2023.