Vancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce that it has staked approximately 1,130 hectares of mineral tenure (the "Project" or the "Property") in central Sweden, within the broader Riddarhyttan-Bastnäs area of Skinnskatteberg Municipality, Västmanland County.
The Company's staking covers prospective ground in a region known for historical mining and mineral occurrences, and geological characteristics considered favourable for iron-oxide copper-gold ("IOCG"), volcanogenic massive sulfide ("VMS") / massive sulfide-style, and rare earth element ("REE") mineralization. The Company believes the area remains underexplored using modern exploration tools across multiple deposit styles.
Project Highlights
- Multi-commodity upside: The Property is considered prospective for copper, gold, base metals, and REEs based on regional geological setting and the presence of historical workings and mineral occurrences in the broader district.
- REE prospectivity: The Riddarhyttan-Bastnäs district is historically recognized for the occurrence of REE-bearing minerals; the Bastnäs REE mineralisation is strongly LREE-dominated and cerium-rich, hosted mainly in cerite-(Ce), bastnäsite-(Ce) and allanite-group minerals.
- District-scale exploration opportunity: The Property is located within an established mineral region with documented historical mining activity and exploration.
- Modern exploration approach: The Company intends to integrate geoscience datasets (where available) with mapping, prospecting, and geochemical sampling to generate and rank targets for follow-up work.
- Attractive infrastructure: The Property is in a region with good access and infrastructure, which may support cost-effective exploration programs.
Property Location and Tenure
The Company staking package comprises two exploration permit applications totalling 1,131ha. At the time of writing, the permits have not yet been granted. The Company is aware that two additional parties have submitted overlapping applications for the same ground on the same day, which is permitted under Swedish mining law and where each applicant (if granted) is granted equal rights under the law.
The staking has been completed in accordance with applicable Swedish mineral tenure procedures. The Company intends to submit all required filings/applications and will provide updates regarding tenure status and effective dates as information becomes available.
Regional Context, Previous Work and Opportunity
The Riddarhyttan-Bastnäs area is recognized for a long history of mining and mineral exploration which contains multiple historic mines and styles of mineralization. The first production records for copper from the Riddarhyttan ore field were registered in 1633 and copper production continued through until 1873 where a combined total of 6,545t of copper were produced. In addition to copper, iron ore, cobalt and REE were also historically mined from the Riddarhyttan-Bastnäs area including ca. 160t of REE ore from the Nya Bastnäs deposit during the period 1860-1919. Cobalt was first discovered at Riddarhyttan in 1735 and the cerium-rich minerals were first recognised at Bastnäs in the 1750's.
Previous exploration and development activity in the broader district has included combinations of historical workings, drilling, prospect-scale sampling, mapping, and geophysical investigation (including airborne geophysics in parts of the region). The Company believes that the application of modern exploration techniques may assist in refining and prioritizing targets for IOCG-style copper, gold, massive sulfide-style base metals, and REE mineralization.
The Company notes that references to nearby mineral occurrences, historical production, historical exploration results and mining activities, deposits, projects and mines are provided for regional and geological context only and have not been verified for the Company's Property. These references are not necessarily indicative of the geology of the Property or that the Property hosts similar potential, size or grades of mineralization. The Company has not yet completed sufficient work to confirm the presence of mineralization on the Property and there is no assurance that further work will result in a mineral resource classification.
Qualified Person
Amanda Scott, P.Geo. FAusIMM, a "Qualified Person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release.
About Medaro
Medaro is a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects in Ontario, Quebec and Sweden. The Company's strategy is to build shareholder value through systematic exploration, disciplined project evaluation, and responsible development.
For Further Information
MEDARO MINING CORP.
Mark Ireton, CEO & Director
mark.ireton@medaromining.com
www.medaromining.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements includes statements that are not historical facts and that address activities, events or developments that the Company expects or anticipates may occur in the future. Forward-looking statements include, but are not limited to, statements regarding: the Property being underexplored; Company's expectations and beliefs about the geological potential of the Property (including copper, gold, base metals, REE, IOCG and VMS potential); the Company's objectives and planned exploration activities in Sweden and Ontario; the intention to integrate geoscience datasets, mapping, prospecting and geochemical sampling to generate exploration targets; the anticipated benefits of infrastructure and regional context; submitting all required filings/applications for the Property and providing updates regarding tenure status and effective dates; the ability of the Company to obtain regulatory approvals, including approval of the CSE; and the Company's overall exploration and growth strategy.
Forward-looking statements are based on management's beliefs, expectations, and assumptions as of the date of this news release. These assumptions include, but are not limited to: that the Company will have sufficient capital to carry out its planned exploration activities; that exploration activities can be conducted in accordance with applicable regulatory requirements; that geoscientific data and historical information are reliable indicators of mineralization potential; and that general market and economic conditions will support the Company's business objectives; the Company will obtain or maintain required licences and approvals, access to the Property, general business and economic conditions, and that exploration results will be consistent with expectations. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied. These risks include, but are not limited to: risks relating to regulatory and permitting requirements; the risk that mineralization may not be discovered; tenure risks; risks inherent in mineral exploration and development; commodity price volatility; operational, technical or logistical risks associated with exploration programs, environmental risks, availability of financing, and general market or economic conditions.
Although the Company believes that the forward-looking information contained in this news release is reasonable based on the information available at the time, there can be no assurance that such information will prove to be accurate. Actual results and future events may differ materially from those anticipated. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.
The Company does not undertake to update any forward-looking statements except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281765
Source: Medaro Mining Corp.
