Medaro Mining
Medaro Mining Corp. is a Canadian mineral exploration company (CSE: MEDA) developing Hard Rock Lithium Technology and exploring for lithium, rare earth elements, and other critical minerals across Quebec, Ontario, and Sweden, serving public market investors through tri-listed equity.
- Company typePublic
- Founded2020
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Medaro Mining does
Medaro Mining Corp. (CSE: MEDA | OTC: MEDAF | FWB: 1ZY) is a Canadian mineral exploration company headquartered in Vancouver, British Columbia, focused on building a secure Western supply of critical minerals including lithium, rare earth elements (REE), copper, cobalt, and gold. The company operates a portfolio of district-scale exploration properties across Quebec (Pontax, 5,800 hectares; Cyr South; Darlin; Lac La Motte), Ontario (Clay Howells West, 13,104 hectares), and Sweden (Bastnäs, 2,926 hectares; Bäckegruvan nr 1). Pontax is positioned 30 km south of Allkem's 40.3Mt at 1.4% Li2O James Bay project, while Clay Howells West sits 2.9 km from an inferred 8.5 Mt REE resource. Bastnäs benefits from a 2019 EMX-South32 joint venture drill program (C$7.61M, 5,568m over 15 holes).
Medaro's primary technology platform is Hard Rock Lithium Technology (HLT), a proprietary lithium extraction process held through the partially-owned subsidiary Global Lithium Extraction Technologies Inc. (proposed spin-out). HLT has demonstrated greater than 95% lithium recovery from both high- and low-purity spodumene in test work, and is intended to transform previously uneconomical hard rock lithium resources into viable production. The company is pre-revenue and does not generate commercial mineral production or product sales.
The business model is capital-intensive exploration funded entirely through equity financing. Medaro has closed at least seven non-brokered private placements between November 2021 and February 2026 (largest: C$4.52M in Nov 2021; most recent: $976,100.18 in Feb 2026), with cumulative disclosed gross proceeds exceeding C$10M. Pricing has ranged from $0.08 to $0.38 per unit depending on flow-through vs non-flow-through treatment. The customer base is effectively retail and institutional investors reached through three stock exchange listings and digital investor relations (Senergy Communications Capital engagement, Jan 2026). End-market exposure is indirect, targeting supply chain vulnerability in critical minerals for clean energy, EV batteries, defense, and AI data center applications. Management is led by CEO & Director Mark Ireton, Director Shaun Mann, CFO & Corporate Secretary Tatenda Muhle (appointed March 2026), with technical oversight from qualified persons Amanda Scott (Sweden) and Afzaal Pirzada (Canada).
Medaro Mining firmographics
Firmographics- Name
- Medaro Mining
- Legal name
- Medaro Mining Corp.
- Website
- https://medaromining.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Medaro Mining Corp. is a Canadian mineral exploration company (CSE: MEDA) developing Hard Rock Lithium Technology and exploring for lithium, rare earth elements, and other critical minerals across Quebec, Ontario, and Sweden, serving public market investors through tri-listed equity.
- Ownership category
- akta.pro rank
Medaro Mining industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Other Metal Ore Mining (212290), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industries
- Lithium Mining & Brine Extraction (IMAKAFAA), Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where Medaro Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Medaro Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Mineral Exploration (Pre-Revenue): Medaro Mining is a pre-revenue mineral exploration company. It does not currently generate revenue from mineral production. The company is entirely dependent on equity financing through private placements and the capital markets to fund exploration activities. As an exploration-stage company, it has no commercial production and no product sales.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | One time/ perpetual license | Non flow-through units at $0.30 per unit |
| One time/ perpetual license | One time/ perpetual license | Flow-through units at $0.38 per unit |
| One time/ perpetual license | One time/ perpetual license | LIFE private placement units at $0.14 per unit |
| One time/ perpetual license | One time/ perpetual license | Standard units at $0.30 per unit (up to 3,333,333 units) |
| One time/ perpetual license | One time/ perpetual license | Flow-through units at $0.38 per unit (up to 657,894 units) |
| One time/ perpetual license | One time/ perpetual license | Shares at $0.08 each |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Medaro Mining product offering
Product offeringCore offering
Medaro Mining is a Canadian mineral exploration company focused on identifying and developing critical mineral properties — lithium, rare earth elements (REE), copper, cobalt, and gold — in mining-friendly jurisdictions of Quebec and Ontario (Canada) and Sweden. The company is also developing a proprietary Hard Rock Lithium Technology (HLT) extraction process that has demonstrated greater than 95% lithium recovery from both high- and low-purity spodumene and is intended to unlock value from previously uneconomical hard rock lithium resources.
Product overview
Medaro Mining is a Canadian mineral exploration company offering Hard Rock Lithium Technology (HLT), a proprietary extraction process aimed at revolutionizing lithium production from hard rock sources. The company operates a portfolio of exploration properties across Canada (Quebec and Ontario) and Sweden, targeting critical minerals including lithium, rare earth elements (REE), copper, cobalt, and gold. The HLT technology platform is designed to unlock value from hard rock lithium resources that would otherwise be considered uneconomical.
Differentiator
Problem solved
Functional benefit
Brands
- Hard Rock Lithium Technology (HLT): A revolutionary lithium extraction process that Medaro is developing to transform previously uneconomical lithium resources.
Products and services
- Hard Rock Lithium Technology (HLT)
Quantifiable outcome
- Greater than 95% lithium recovery from spodumene
- +3 more outcomes
Companies that use Medaro Mining
Customer profileSegments2 records
Ideal customer profiles2 records
Medaro Mining technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Medaro Mining partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and historical.
- McKnight Resources ABminorMcKnight Resources AB is contracted to execute the geological exploration program at the Bastnäs project in Sweden. The program focuses on evaluating rare earth elements, copper, cobalt, gold, and base-metal potential through systematic fieldwork including mapping, prospecting, sampling, and geophysical surveys.
- Senergy Communications Capital Inc.minorEngaged to provide digital marketing services including content creation, strategic messaging, and corporate communications for CAD$50,000 plus GST over a one-month period beginning January 23, 2026. Engagement intended to help Medaro reach new investors and maintain shareholder relationships through online strategies. Senergy and its CEO Aleem Fidai are at arm's length to Medaro.
- EMX Royalty Corp and South32historicalHistorical joint venture at the Bastnäs project. In 2019, a two-phase drill program totaling C$7.61M was completed between EMX Royalty Corp. and South32 - a total of 5,568m over 15 drill holes. This is historical reference data informing exploration targets.
Scale indicators11 records
Recent moves7 records
Expansion highlights7 records
Medaro Mining competitors and assessment
Company assessmentDirect peers
- Patriot Battery Metals: Canadian hard rock lithium explorer advancing the Corvette Property in James Bay, Quebec, located only 6 km from Medaro's Pontax Property. Directly comparable as a CSE/TSXV-listed lithium explorer in the same district with similar commodity exposure.
- Rock Tech Lithium: Hard rock lithium developer focused on spodumene-to-lithium-hydroxide conversion in Ontario and Quebec. Medaro's QP Afzaal Pirzada previously served at Rock Tech, and both companies pursue technology-enhanced lithium extraction from hard rock sources.
- Critical Elements Lithium Corporation: Canadian hard rock lithium exploration and development company with the Rose Project in Quebec. Comparable as a Quebec-focused, junior lithium developer with similar commodity and jurisdictional profile.
- Stria Lithium: Junior lithium explorer whose historical Pontax Property work is referenced in Medaro's Quebec data. Both companies share a focus on the James Bay lithium district and target spodumene-bearing pegmatites.
- Nevada Lithium Resources: North American hard rock lithium exploration company. Medaro advisor Scott Eldridge sits as a director at Nevada Lithium, and both are small-cap explorers focused on advancing lithium assets toward resource definition.
- United Lithium Corp: Hard rock lithium explorer with projects in Canada and Europe. Connected to Medaro through shared advisor Scott Eldridge and overlapping focus on spodumene-hosted lithium assets in mining-friendly jurisdictions.
Broad incumbents
- Allkem Limited: Mid-tier lithium producer with the James Bay Lithium Project (40.3 Mt at 1.4% Li2O) located 30 km north of Medaro's Pontax Property. Larger incumbent operating in the same lithium district with established resource and infrastructure.
- Sigma Lithium: Larger hard rock lithium producer operating in Brazil with commercial spodumene production. Comparable as an established hard rock lithium operator demonstrating the commercial pathway Medaro's HLT is targeting.
- Boliden AB: Major Swedish mining and smelting company operating in the Bergslagen region where Medaro's Bäckegruvan permit is located. Larger incumbent providing regional infrastructure, processing pathways, and potential partnership/of-take counterparty for Medaro's Swedish assets.
Emerging players
- Defense Metals Corp: Canadian rare earth elements developer advancing the Wicheeda Project in British Columbia. Comparable as a North American junior REE explorer addressing Western supply chain vulnerability for critical minerals.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Medaro Mining social profiles
Digital presenceMedaro Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Medaro Mining leadership team
Management profileNumber of profiles
Profiles9 records
Medaro Mining subsidiaries and ownership
Company hierarchySubsidiaries1 record
Medaro Mining funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Medaro Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Medaro Mining
What does Medaro Mining do?
Medaro Mining is a Canadian mineral exploration company focused on identifying and developing critical mineral properties — lithium, rare earth elements (REE), copper, cobalt, and gold — in mining-friendly jurisdictions of Quebec and Ontario (Canada) and Sweden. The company is also developing a proprietary Hard Rock Lithium Technology (HLT) extraction process that has demonstrated greater than 95% lithium recovery from both high- and low-purity spodumene and is intended to unlock value from previously uneconomical hard rock lithium resources.
Is Medaro Mining a public or private company?
Medaro Mining is a public company. It is classified as public and is currently operating.
When was Medaro Mining founded?
Medaro Mining was founded in 2020. It employs 11 to 50 people.
Where is Medaro Mining based?
Medaro Mining is headquartered in Vancouver, Canada, in the North America region.
How does Medaro Mining make money?
One revenue line is on record: mineral Exploration (Pre-Revenue).
Who are Medaro Mining's main competitors?
Direct peers on record are Patriot Battery Metals, Rock Tech Lithium, Critical Elements Lithium Corporation, Stria Lithium, Nevada Lithium Resources and United Lithium Corp. Broad incumbents are Allkem Limited, Sigma Lithium and Boliden AB. Defense Metals Corp is listed as an emerging player.
Does Medaro Mining have an API?
No public API is recorded for Medaro Mining.
What industry is Medaro Mining in?
Medaro Mining's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAFAA, Lithium Mining & Brine Extraction. Its NAICS code is 212290 and its SIC code is 1000.