Medaro Mining Announces Granting of Permits for Bastnas Asset in Sweden

Executive Summary

• Medaro Mining Corp. received exclusive exploration permits for the Bastnäs project in Sweden, covering ~1,130 ha across two permit areas (Bastnäs 100 and Bastnäs 200).
• The permits grant rights to explore a broad suite of minerals including gold, silver, copper, lead, zinc, cobalt, scandium, yttrium, lanthanum and other lanthanides.
• Permits are valid for three years (until February 2029); the company will now move to detailed planning for future exploration activities.

Key Details

• Permit Issuer: Bergmästaren at Bergsstaten (Swedish Mining Inspectorate) under Sweden’s Minerals Act (1991:45).
• Permit Areas & Size:
• Bastnäs 100 – ~263.68 ha
• Bastnäs 200 – ~866.60 ha
• Combined area – ~1,130.28 ha.
• Term: Three‑year term expiring February 2029.
• Covered Minerals: Gold, silver, copper, lead, zinc, cobalt, scandium, yttrium, lanthanum and other lanthanides.
• CEO Comment (Mark Ireton): With permits secured and recent private placement gross proceeds of $976,100, the company will proceed with detailed planning for exploration as regulatory, seasonal and logistical considerations allow, and will provide updates when plans are finalized.
• Related Financing: Reference to non‑brokered private placement closed on 27 Feb 2026 raising aggregate gross proceeds of $976,100.

Notable Quotes

“With the Permits now in place… the Company will proceed with detailed planning for future exploration activities as regulatory, seasonal, and logistical considerations allow.” – Mark Ireton, CEO & Director, Medaro Mining Corp.