Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Medaro Announces Staking in Sweden's Riddarhyttan-Bastnas District

By The Northwire Desk — AI Analysis Jan 27, 2026 · 06:02 MEDA · 0.415 Medaro Mining Corp.
MEDA · Price

Executive Summary

  • Medaro Mining Corp. announced the staking of approximately 1,130 hectares of mineral tenure in central Sweden’s Riddarhyttan‑Bastnäs district.
  • The newly staked property is prospective for copper, gold, base metals and rare‑earth elements (REE), with historic mining activity indicating multi‑commodity potential.
  • Staking applications covering 1,131 ha have been filed under Swedish law; permits are pending and overlapping applications by two other parties have also been submitted.

Key Details

  • Staked Area: ~1,130 hectares (two exploration permit applications totaling 1,131 ha).
  • Location: Riddarhyttan‑Bastnäs area, Skinnskatteberg Municipality, Västmanland County, Sweden.
  • Commodity Potential: Copper, gold, base metals, and REEs; specifically LREE‑dominated, cerium‑rich REE mineralisation (cerite‑(Ce), bastnäsite‑(Ce), allanite).
  • Historical Context: Region produced ~6,545 t copper (1633‑1873) and ~160 t REE ore (1860‑1919); historic cobalt discovery (1735).
  • Exploration Approach: Integration of existing geoscience datasets with new mapping, prospecting, and geochemical sampling to rank targets for follow‑up work.
  • Infrastructure: Good access and regional infrastructure noted as supportive of cost‑effective exploration.
  • Regulatory Status: Permits not yet granted; Swedish law permits overlapping applications with equal rights if approved.
  • Qualified Person: Amanda Scott, P.Geo., FAusIMM (NI 43‑101 Qualified Person) reviewed and approved the technical information.

Notable Quotes

  • “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.” – Mark Ireton, CEO & Director, Medaro Mining Corp.
Read the original news release →

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