Madoro Initiates Airborne Magnetic Survey Over First Green Mineral Project In Quebec's Emerging Decelles Lithium Camp In Collaboration With Neighbouring Narrow River Resources
Cash-Rich Microcap Resurrected by Legal Windfall Initiates Preliminary Lithium Exploration
On January 20, 2026, Madoro Metals Corp. announced the initiation of an airborne magnetic survey over its First Green Lithium project in Quebec's Decelles Camp. The company is collaborating with its neighbor, Narrow River Resources (NRR), to conduct a survey covering a combined area of approximately 387 square kilometers. Executive Chairman Brian Ostroff highlighted that the region is "emerging" and "not widely explored," and stated that this collaborative survey is intended to generate specific areas of interest for future targeting and drilling.
The news is Routine - Positive. * Operational Progress: This marks the first significant exploration activity on the First Green property since its acquisition. It transitions the project from a paper asset to an active exploration target. * Cost Efficiency: Collaborating with Narrow River Resources allows Madoro to share mobilization and data acquisition costs, preserving its treasury. * Early Stage Reality Check: While positive, an airborne magnetic survey is the most preliminary step in exploration. It detects magnetic anomalies (structures) but does not detect lithium directly. It effectively confirms the company is "doing work," but provides no data on mineralization potential yet. * Context: The company has been relatively dormant operationally; this news confirms the deployment of capital into the ground following a period of inactivity.
Madoro Metals is a junior exploration company that has pivoted from precious metals in Mexico to critical minerals (Lithium) in Quebec.
- First Green Lithium Project (Quebec): The current flagship. Located in the Decelles Camp. Madoro has an option to acquire 100% for cash and shares. The project is "grassroots" (very early stage). The company will grant a 2% Net Smelter Royalty (NSR) to the vendor upon exercise.
- Cerro Minas (Oaxaca, Mexico): A legacy asset. Polymetallic (Au-Ag-Cu). The company previously actively explored this but focus has shifted. It carries a 1.5% NSR.
- Ralleau (Quebec): Previous financial statements indicate a write-off of exploration costs ($36,873) in May 2025 and a decision to discontinue work, suggesting this asset is being dropped or shelved.