# Medaro Mining Corp. and Eureka Lithium Corp. Sign Letter of Intent to Option Their Lac La Motte Lithium Properties near Val D'Or, Quebec Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b Original source: https://money.tmx.com/en/quote/MEDA/news/4664666217197675/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their Publisher: tmx Original announcement: 2023-12-11T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Medaro Mining Corp. - Ticker: MEDA - Exchange: TSX - Region: Quebec - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Drill results, Agreement transaction - Extracted: 2026-09-14 12:00:24 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Medaro Mining Corp. has signed a non-binding Letter of Intent with Eureka Lithium Corp. to option its Lac La Motte Lithium Project in Quebec. The agreement includes milestones for share issuances and exploration spending over a 24-month period. Reasoning: The announcement of a non-binding LOI to option a lithium project is a positive strategic development, supported by historical drill results that demonstrate lithium mineralization. - Positive factor: Strategic partnership with Eureka Lithium Corp - Positive factor: Option agreement provides clear path for project development - Positive factor: Historical drill results show lithium oxide grades up to 1.34% - Positive factor: QA/QC disclosed via QP sign-off - Negative factor: Letter of Intent is non-binding Facts used in scoring: 11 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions a Qualified Person \(Afzaal Pirzada, PGeo\) has reviewed and approved the technical information. Evidence · text > Qualified person Afzaal Pirzada, PGeo... has reviewed and approved the scientific and technical information **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The property is positioned near several active lithium prospects/mines \(5 km to 20 km away\). Evidence · text > There are several active lithium prospects/mines... located approximately 5 km to 20 km from the Property. ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (11) ### MD22-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-0) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-02 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 0.89 - Grade Unit: % - Intercept: 0.7 m - From: 72.7 m - To: 72.7 m - Intercept Depth: 72.7 m #### Classification - Sample Type: drill - Group ID: MD22-02:72.7-72.7 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical intercept of 0.89% Li2O over 0.7m. Evidence · text > MD22-02 Intersected a 0.7 m wide pegmatite with 0.89% lithium oxide \(Li2O\) at 72.7 m drilled depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-05 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-1) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-05 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 1.34 - Grade Unit: % - Intercept: 0.79 m - From: 13.18 m - To: 13.18 m - Intercept Depth: 13.18 m #### Classification - Sample Type: drill - Group ID: MD22-05:13.18-13.18 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical high-grade intercept of 1.34% Li2O. - Positive factor: Strong lithium oxide grade Evidence · text > top 0.79 m wide with 1.34% Li2O at 13.18 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-05 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-2) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-05 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 0.5 - Grade Unit: % - Intercept: 0.7 m - From: 20 m - To: 20 m - Intercept Depth: 20 m #### Classification - Sample Type: drill - Group ID: MD22-05:20-20 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical moderate grade intercept. Evidence · text > middle 0.7 m wide with 0.5% Li2O at 20 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-05 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-3) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-05 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 0.78 - Grade Unit: % - Intercept: 0.81 m - From: 22.92 m - To: 22.92 m - Intercept Depth: 22.92 m #### Classification - Sample Type: drill - Group ID: MD22-05:22.92-22.92 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical moderate grade intercept. Evidence · text > lower 0.81 m wide at 0.78% Li2O at 22.92 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-06 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-4) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-06 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 1.1 - Grade Unit: % - Intercept: 0.11 m - From: 31.95 m - To: 31.95 m - Intercept Depth: 31.95 m #### Classification - Sample Type: drill - Group ID: MD22-06:31.95-31.95 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical intercept with high grade but very narrow width. Evidence · text > top 0.11 m wide with 1.10% Li2O at 31.95 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-06 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-5) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-06 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 1.01 - Grade Unit: % - Intercept: 0.87 m - From: 34.53 m - To: 34.53 m - Intercept Depth: 34.53 m #### Classification - Sample Type: drill - Group ID: MD22-06:34.53-34.53 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical moderate grade intercept. Evidence · text > middle 0.87 m wide with 1.01% Li2O at 34.53 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-06 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-6) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-06 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 0.55 - Grade Unit: % - Intercept: 0.8 m - From: 37.58 m - To: 37.58 m - Intercept Depth: 37.58 m #### Classification - Sample Type: drill - Group ID: MD22-06:37.58-37.58 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical moderate grade intercept. Evidence · text > lower 0.80 m wide with 0.55% Li2O at 37.58 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-07 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-7) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-07 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 0.94 - Grade Unit: % - Intercept: 1.76 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical intercept with decent width and grade. Evidence · text > 1.76 m wide pegmatite with average 4,375 ppm Li / 0.94% Li2O #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-8) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-08 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 1.49 - Grade Unit: % - Intercept: 1.33 m - From: 36 m - To: 36 m - Intercept Depth: 36 m #### Classification - Sample Type: drill - Group ID: MD22-08:36-36 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical strong lithium oxide grade. Evidence · text > Upper 1.33 m wide with 1.49% Li2O at 36 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-9) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-08 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 0.88 - Grade Unit: % - Intercept: 0.93 m - From: 41.2 m - To: 41.2 m - Intercept Depth: 41.2 m #### Classification - Sample Type: drill - Group ID: MD22-08:41.2-41.2 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical moderate grade intercept. Evidence · text > lower 0.93 m wide at 0.88% Li2O at 41.2 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MD22-17 [Link to this fact](https://atlas-extractions.minestarters.com/news/medaro-mining-corp-and-eureka-lithium-corp-sign-letter-of-intent-to-option-their--29bb6d86-34f3-42a6-9e2b-0bdc9bad2a1b#fact-drill-facts-10) Lac La Motte · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: MD22-17 - Project: Lac La Motte - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: MEDA #### Geometry - Grade: 1080 - Grade Unit: ppm Li - Intercept: 3 m - From: 46.9 m - To: 46.9 m - Intercept Depth: 46.9 m #### Classification - Sample Type: drill - Group ID: MD22-17:46.9-46.9 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Historical intercept of 3m width. Evidence · text > 3 m wide pegmatite with 1,080 ppm Li at 46.9 m depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.