Madoro Metals Corp. (TSXV: MDM) has amended its Option Agreement to fully acquire the innovative First Green Lithium Project, in Quebec’s lithium-rich Cadillac-Pontiac area.
Amendment Agreement Details
Madoro Metals Corp. reached an agreement to extend certain timelines and financial commitments concerning the First Green Lithium Project. Notable changes include the deferral of cash payments and exploration expenditures across multiple years. The company will also issue common shares to the Optionors as part of the amendment terms.
Strategic Lithium Discovery
The Property has revealed a promising lithium pegmatite dyke swarm, integral to meeting the rising demand for green technology minerals. Strengthening Madoro’s position within a burgeoning lithium sector, this project neighbors claims by several key industry players.
Corporate Legal Developments
Following legal disputes over Mexican property Option Agreements, Madoro Metals Corp. reported receiving a favorable Court Order regarding the Option Agreements’ enforcement. The pursuit of this judgement marks a significant step towards the company’s ongoing strategy.
About Madoro Metals Corp.
Madoro Metals Corp. is dedicated to advancing mineral explorations in Canada and Mexico, holding interests in several high-potential properties. The company continues to undertake rigorous exploration work to solidify its influence within the mining industry.
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