Madoro Metals Corp. Provides Update on Proposed Reverse Takeover with Narrow River Resources

About this update from Madoro Metals Corp

Madoro Metals Corp. Provides Update on Proposed Reverse Takeover with Narrow River Resources (TheNewswire)   VANCOUVER, British Columbia – TheNewswire – June 3, 2026 - Madoro Metals Corp. (“Madoro” or the “Company”) (TSX VENTURE: MDM; OTC: MSTXF; FSE: A2QQ1X), is pleased to provide a further update regarding the proposed reverse takeover (the “Proposed Transaction”) with Narrow River Resources Pty Ltd. (“NRR”) previously announced in the Company’s news release dated February 2, 2026, and as most recently updated in the Company’s news release dated May 4, 2026.   Madoro and NRR continue to advance the various components required under TSX Venture Exchange (“TSXV”) Policy 5.2 – Changes of Business and Reverse Takeovers, including the preparation of the required disclosure and transaction documentation in connection with the Proposed Transaction. As announced on May 4, 2026, the parties completed a technical report in respect of the Lac Simard mineral project (the “Lac Simard Project”) in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, which the Company intends to file on SEDAR+ concurrently with the filing of the management proxy circular (the “Circular”) once finalized.   The parties continue to work toward finalizing and executing a definitive agreement. The Company is also continuing to prepare the Circular to be sent to its shareholders in connection with a special meeting of shareholders required to approve the Proposed Transaction. As announced on May 4, 2026, the Company is also proceeding with a concurrent non-brokered private placement for aggregate gross proceeds of up to C$1,230,000 (the “Private Placement”), the completion of which remains subject to TSXV acceptance and all other required regulatory approvals. The parties remain committed to moving the Proposed Transaction forward and will provide further updates as appropriate.   Completion of the Proposed Transaction remains subject to, among other things, the negotiation and execution of definitive documentation, regulatory and shareholder approvals, the completion of the Private Placement, and satisfaction of all applicable TSXV requirements.   Details of the Proposed Transaction,...

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