Madoro Metals Provides Update on Proposed Reverse Takeover
VANCOUVER, British Columbia — March 2, 2026 — Leads & Copy — Madoro Metals Corp. (TSX VENTURE: MDM; OTC: MXSTF; FSE: A2QQ1X) has announced an update on its proposed reverse takeover with Narrow River Resources Pty Ltd. (“NRR”), initially announced on February 2, 2026.
Madoro and NRR are progressing with the requirements under TSX Venture Exchange Policy 5.2, which pertains to Changes of Business and Reverse Takeovers. The ongoing work involves technical reporting, preparing transaction documents, and assembling the necessary regulatory filings.
The companies said they are dedicated to advancing the Proposed Transaction and will provide further updates as needed.
The completion of the Proposed Transaction is contingent upon the execution of final documentation, regulatory and shareholder approvals, and compliance with all applicable TSXV requirements.
Details of the Proposed Transaction, as outlined in the letter of intent signed by Madoro and NRR on January 30, 2026, can be found in the Company’s news release dated February 2, 2026.
Madoro Metals Corp. is involved in the evaluation, acquisition, and exploration of mineral properties in Canada and Mexico. Madoro has an option to acquire a 100% interest in the First Green Lithium Property, situated in the Cadillac-Pontiac lithium camp in the Abitibi Témiscamingue region of Quebec, approximately 75 kilometers southwest of Val-d’Or. The company also holds a 50% interest in the Ralleau mineral property in the Urban Barry District, Lebel-sur-Quévillon area of Quebec, and a 100% interest in the Cerro Minas Property in Oaxaca, Mexico.
Investors and shareholders seeking additional information are encouraged to visit the Company’s website, call the office at 1-604-681-1568, toll-free at 1-877-377- 6222, or send an email to info@madorometals.com.
Brian Ostroff, Executive Chair & Director of Madoro Metals Corp., has approved the release of this information.
Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Completion of the Proposed Transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Madoro should be considered highly speculative.
Forward-Looking Information: This press release contains forward-looking information regarding the advancement of the Proposed Transaction, the execution of definitive documentation, and the receipt of regulatory and shareholder approvals. These statements are based upon assumptions that are subject to risks and uncertainties, including those related to the mining industry, commodity prices, market conditions, economic factors, the ability to complete the Proposed Transaction and satisfy regulatory requirements, management’s ability to operate the business, and the equity markets. Actual results may differ materially from those anticipated. Madoro and NRR disclaim any obligation to update or revise any forward-looking information, except as required by applicable securities laws.
Source: Madoro Metals Corp.
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