Medaro Announces Agreement to Option Ontario Mineral Property

Core Viewpoint - Medaro Mining Corp. has entered into an assignment agreement to acquire a 100% interest in the Clay Howells Project in Ontario, which is expected to provide significant exploration and development opportunities due to rising rare earth prices [1][2]. Group 1: Acquisition Details - The company will pay the Assignor a cash sum of $35,000 and issue 150,000 common shares as part of the agreement [3]. - An additional 119,047 common shares will be issued to the Optionors, valued at $50,000, fulfilling the share issuance obligation related to the option exercise [4]. Group 2: Financial Obligations - To complete the option exercise, the company must pay the Optionors a total of $88,000 in three installments: $20,000 by August 13, 2026, $30,000 by August 13, 2027, and $38,000 by August 13, 2028 [5]. - Upon exercising the option, the Optionors will retain a 1.5% net smelter returns royalty, with the company having the right to purchase one-third of the royalty for a one-time payment of $500,000 [5]. Group 3: Property Overview - The Clay Howells Project is located in northern Ontario, approximately 41 kilometers from the Trans-Canada Highway, and consists of 4,365 hectares across three staked blocks [2]. - The area has a history of mineral exploration activity, making it an attractive opportunity for future development [2].