Aankondiging • May 06
Madoro Metals Corp. announced that it expects to receive CAD 1.23 million in funding Madoro Metals Corp announced a non-brokered private placement to issue 15,000,000 HD Units at a price of CAD 0.05 for the proceeds of CAD 750,000 and 6,000,000 FT Units at a price of CAD 0.08 per FT Unit for gross proceeds of CAD 480,000 on May 4, 2026. The Private Placement is expected to be completed concurrently with the closing of the Proposed Transaction. Each HD Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, an “HD Warrant”). Each HD Warrant will entitle the holder to purchase one Common Share at a price of CAD 0.08 for a period of two (2) years from the Closing. Each FT Unit will consist of one Common Share that will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant, an “FT Warrant”). Each FT Warrant will entitle the holder to purchase one Common Share at a price of CAD 0.12 for a period of two (2) years from the Closing. The Private Placement remains subject to, among other things, the negotiation and execution of customary subscription documentation, receipt of TSXV acceptance and all other required regulatory approvals. All securities issued in connection with the Private Placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws. The Company may pay finder’s fees and issue finder’s securities in connection with the Private Placement, in accordance with the policies of the TSXV and applicable securities laws. Aankondiging • Feb 03
Assets of Narrow River Resources Pty Ltd. signed a letter of intent to acquire Madoro Metals Corp. (TSXV:MDM) in a reverse merger transaction. Assets of Narrow River Resources Pty Ltd. signed a letter of intent to acquire Madoro Metals Corp. (TSXV:MDM) in a reverse merger transaction on January 30, 2026. The transaction is subject to negotiation and execution of definitive agreemet, audited and unaudited financial statements, obtaining all necessary consents, orders and regulator and shareholder approvals, completion of concurrent financing, and approval of shareholders of Madoro. New Risk • Jun 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 118% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (46% average weekly change). High level of non-cash earnings (118% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.73m market cap, or US$2.00m). Aankondiging • May 09
Madoro Metals Corp., Annual General Meeting, Jun 30, 2025 Madoro Metals Corp., Annual General Meeting, Jun 30, 2025. Location: vancouver Canada New Risk • Feb 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.69m market cap, or US$1.86m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (21% increase in shares outstanding). Board Change • Feb 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Mary Thorburn was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Mary Thorburn was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Mary Thorburn was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Mary Thorburn was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jul 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$455k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$455k free cash flow). Shares are highly illiquid. Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.69m market cap, or US$1.94m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.24m market cap, or US$1.64m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Aankondiging • May 15
Madoro Metals Corp. announced that it has received CAD 0.305 million in funding On May 14, 2024, Madoro Metals Corp closed the transaction. The Company will pay monthly consulting fees to the Company’s CFO and Corporate Secretary of an aggregate CAD 7,500. No proceeds will be paid to persons conducting investor relations activities or any other party in excess of 10% or more of the proceeds. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day expiring on September 15, 2024, in accordance with Exchange policies and applicable securities legislation. New Risk • May 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$541k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$541k free cash flow). Shares are highly illiquid. Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.49m market cap, or US$1.09m). Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Mary Thorburn was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Oct 21
Madoro Metals Corp., Annual General Meeting, Dec 20, 2023 Madoro Metals Corp., Annual General Meeting, Dec 20, 2023. Aankondiging • Sep 28
Madoro Metals Corp. Discovers Lithium-Bearing Pegmatites on First Green Property, Quebec Madoro Metals Corp. announced that a first-pass prospecting and sampling program on its 213-claim, 12,325-ha First Green Lithium property has resulted in the discovery of a potential swarm of lithium-bearing pegmatite dykes. The Property is located approximately 75km southwest of Val-d'Or in the Abitibi-Témiscamingue region of Québec, within a rapidly emerging lithium belt where large mineral claim holdings have been assembled by Brunswick Exploration Inc., Narrow River Resources Pty. Ltd., Sayona Québec Inc., Renforth Resources Inc., Vison Lithium Inc. and Winsome Resources Inc. A network of forest-harvesting operation roads provide good access to the Property and have helped expose many new outcrops. The inaugural 10-day exploration program was implemented to obtain a fundamental understanding of the geological environment underlying the Property. A dyke swarm was discovered on the last day of field work in an area of dense moss and tree cover, so only five grab samples were collected over a 1,500m by 250m area in the central part of the Property. Further surface work is required to better expose bedrock in this area. Geochemical analyses of the five grab samples show elevated levels of lithium, as well as rubidium, cesium, beryllium and tantalum - all good pathfinder elements. Three of the samples have K/Rb (potassium/rubidium) ratios less than 160 and two of these have ratios less than 60, indicating that the dykes are highly fractionated and therefore favourable for lithium mineralisation. It is rare for fractionated pegmatite dykes to have K/Rb ratios below 160, so these initial samples from the dyke swarm are very significant. The Property's proximity to the mining centres of Malartic and Val-d'Or allows for low-cost exploration work. Québec is a strong supporter of exploration, production, and processing of critical strategic minerals (CSM), including lithium, and developing value-added industries such as battery and electric vehicle manufacturing. In 2021, a special program to support CSM exploration was set up. This is in addition to existing refundable tax credits up to 38.8% for junior mineral exploration companies, and 69.4% flow-through tax savings for investors in Quebec and 38.4% for investors from the rest of Canada. New Risk • Jul 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$554k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$554k free cash flow). Shares are highly illiquid. Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.54m market cap, or US$2.67m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Aankondiging • Oct 22
Madoro Metals Corp., Annual General Meeting, Dec 21, 2022 Madoro Metals Corp., Annual General Meeting, Dec 21, 2022. Aankondiging • Oct 01
Madoro Metals Corp. (TSXV:MDM) acquired Cerro Minas Property in Oaxaca, Mexico. Madoro Metals Corp. (TSXV:MDM) acquired Cerro Minas Property in Oaxaca, Mexico on September 29, 2022. Madoro has fully exercised its option to purchase to purchase a 100% interest in Cerro Minas.
Madoro Metals Corp. (TSXV:MDM) completed the acquisition of Cerro Minas Property in Oaxaca, Mexico on September 29, 2022. Aankondiging • Sep 27
Madoro Metals Corp. announced that it has received CAD 0.4835 million in funding Madoro Metals Corp. closed a non-brokered private placement of 9,670,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 483,500 on September 26, 2022. Each unit consists of one common share and one half of common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.08 per share for a period of two years from the date of closing. The securities are subject to a four months and one day hold period. The transaction is subject to approval from TSX Venture Exchange. Board Change • Nov 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mary Thorburn was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 05
Madoro Metals Corp. Provides Update on Further Exploration Results from the Southern Portion of its Yautepec Project Madoro Metals Corp. provided an update on further exploration results from the southern portion of its Yautepec project. As described in a prior news release dated July 6, 2021, the Company recently discovered a 7-kilometer trend of previously unrecognized epithermal alteration and mineralization along the southern margin of the Yautepec supervolcano (caldera). Based on this success, Madoro's exploration team moved further west in search of the projected limit of the caldera. The anticipated western structural boundary of the supervolcano was found and a new area of skarn-hornfels alteration and mineralization was identified through field mapping. Preliminary rock chip sampling of mineralized skarn in this area yielded values up to 1.2 kilograms per ton Ag and 3.97 wt% Cu from a 0.10 meter grab sample. Skarn-hornfels alteration and variably present mineralization are found over an estimated area of at least a kilometer in outcrop, subcrop, and float, but the full extent of the complex has yet to be determined and remains open. The skarn-hornfels complex lies just outside of the recently mapped southwestern margin of the Yautepec caldera. The area lies 13 kilometers distant from similar polymetallic Ag-base metal mineralization found along the eastern caldera margin at the historically identified Las Minas area (under option by the Company per news release of October 16, 2019). These two mineralized skarn zones appear to be `mirror images' (that is, are symmetrical) across the 13-kilometer mapped east- west width of the supervolcano. The fact that similar styles of skarn mineralization occur at such a great distance demonstrates that the integrated Yautepec epithermal-skarn system is very large and has good potential to host a large and potentially economic deposit. Aankondiging • Jan 22
Megastar Development Corp Appoints Brian Ostroff as Executive Chair of the Board Megastar Development Corp. announced that Brian Ostroff has been named Executive Chair of the Board following his appointment as Director at Megastar’s recent AGM. Mr. Ostroff graduated from the University of Toronto (1986) before beginning his career in finance. Through his career, Mr. Ostroff has held positions in many areas of the capital markets industry including sales, M&A advisory and proprietary trading. In 2009, Mr. Ostroff joined Windermere Capital as a partner where he focused on the small and mid-cap resource sector. Mr. Ostroff was named to the Board of Arianne Phosphate in 2014 and has served as CEO there since 2016. Aankondiging • Oct 01
Megastar Development Corp. Furthers Work on Its Epithermal Au-Ag Projects in Oaxaca, Mexico Megastar Development Corp. reported that after limited access to its properties as a result of the Covid-19 pandemic, its geologic team is back on the ground in Oaxaca following up on its encouraging initial exploration work since the reopening of the region. As well, the team is exploring additional prospective areas in the proximity on trend with the Company's existing projects in the Oaxaca epithermal Au-Ag belt. Preliminary work has revealed new areas of interest with favorable geologic features similar to those seen at its principal projects and at producing mines along the trend. Geochemical samples from these new areas have been collected and sent off for analysis. In tandem with community re-engagement at the Yautepec and Magdalena projects, Megastar has taken the opportunity to expand ongoing exploration work to the southern portion of its Yautepec project. Based on the Company's caldera structural model, and supported by previously announced results, Megastar had speculated on a potential southern extension to the known epithermal system. Recent start-up field work has proven this concept correct with the discovery of highly prospective ferruginous (iron-rich) carbonate sinters and fault-controlled quartz veining and breccias in discontinuous erosional windows under post-mineral volcanic rocks over areas of several hundreds of meters. Similar to the principal Yautepec sinter-vein complex, these new areas represent the uppermost levels of a strong epithermal system with the potential for bonanza Au-Ag polymetallic grades fully preserved at depth. These finds add to the already considerable target list for exploration drilling that Megastar has assembled to date. Aankondiging • Jun 20
Megastar Development Corp. Auditor Raises 'Going Concern' Doubt Megastar Development Corp. filed its Annual on Jun 17, 2020 for the period ending Feb 29, 2020. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Aankondiging • Jun 19
Megastar Development Corp. announced that it has received CAD 0.9268 million in funding Megastar Development Corp. (TSXV: MDV) announced a non-brokered private placement of 11,585,000 units at CAD 0.08 per unit for gross proceeds of CAD 926,800 on June 18, 2020. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of CAD 0.12 per share for a period of 24 months. The securities issued under the Placement will be subject to a four-month and one-day hold period expiring on October 18, 2020. The Placement remains subject to the final approval of the TSX Venture Exchange. 
