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Madoro Metals updates on reverse takeover plans and announces C$1.23M private placement financing.

Company Fundamentals
04 May 2026
TheNewswire
View Source
Bullish
pluang ai news

Madoro Metals Corp. provided an update on its proposed reverse takeover (RTO) with Narrow River Resources, including ongoing regulatory preparations and the drafting of a shareholder circular. The company also announced a concurrent private placement to raise up to C$1.23 million through the issuance of hard dollar and flow-through units, intended to fund transaction costs and exploration on the Lac Simard Project in Quebec. The Lac Simard Project is an early-stage lithium-cesium-tantalum exploration site with no prior drilling, and a recent technical report has been completed. Completion of the RTO and private placement is subject to regulatory and shareholder approvals, with further announcements expected once details are finalized.

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