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Madoro Enters into Option Agreement to Acquire 100% of the First Green Lithium Project in Quebec
(TheNewswire) V ancouver , B C - TheNewswire - February 1, 2023 - Mador...
About this update from Madoro Metals Corp
[{"type":"text","content":"Madoro Enters into Option Agreement to Acquire 100% of the First Green Lithium Project in Quebec\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n V\n \n \n ancouver\n \n \n , B\n \n \n C -\n \n \n TheNewswire - February\n1, 2023 -\n \n \n Madoro Metals Corp. (“\n \n \n Madoro\n \n \n ” or the\n“\n \n \n Company\n \n \n ”)\n \n \n (\n \n \n TSXV:MDM\n \n \n )\n \n \n (\n \n \n OTC:MSTXF\n \n \n ) (\n \n \n WKN:A2QQ1X\n \n \n )\n \n \n is pleased to announce that it has entered into an option\nagreement (the “Agreement”) to acquire a 100% interest in the 213\nclaim, 12,325 hectare First Green Lithium Project (the “Property”)\nlocated in the rapidly emerging Cadillac-Pontiac lithium camp in the\nAbitibi Témiscamingue region, approximately 75 kilometres southwest\nof Val-d’Or, Québec (Figure 1).\n \n \n \n \n Dusan Berka, President and CEO of Madoro states,\n“Adding the First Green Lithium Project to Madoro’s project\nportfolio is a low-risk and potentially high-reward opportunity for\nour shareholders. There is unprecedented interest in domestic sources\nof lithium due to record high prices and very strong demand from the\nelectric vehicle and battery storage markets. Quebec is showing strong\nsupport for exploration, production and processing of critical\nstrategic minerals and is emerging as key supplier of lithium to North\nAmerican markets. The First Green Property acquisition marks a\nsignificant move by our Company into a high-demand commodity in a\nstable jurisdiction.”\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure\n \n \n \n \n 1\n \n \n : First Green Lithium\nProperty Location within Cadillac-Pontiac Lithium Camp\n \n \n \n \n Companies already exploring for lithium-cesium-tantalum\n(“LCT”) pegmatites in the Cadillac-Pontiac camp include Sayona\nMining, Vision Lithium, Brunswick Exploration, Winsome Resources and\nHigh Tide Resources.  First Green lies west and north of the Tansim\nproject held by Sayona Mining.\n \n \n \n \n Numerous pegmatite outcrops have been identified by\nhistorical government mapping but there is no record of previous\nmineral exploration on the Property or of any LCT analy...