Madoro Metals Corp. Provides Update On Proposed Reverse Takeover With Narrow River Resources
(TheNewswire)
March 2, 2026 - VANCOUVER, British Columbia –TheNewswire - Madoro Metals Corp. (“Madoro” or the “Company”) (TSX VENTURE: MDM; OTC:MXSTF; FSE: A2QQ1X), is pleased to provide a brief update regardingthe proposed reverse takeover (the “Proposed Transaction”) with Narrow River Resources Pty Ltd.(“NRR”) previouslyannounced in the Company’s news release dated February 2, 2026.
Madoro and NRR continue to advance the various components requiredunder TSX Venture Exchange (“TSXV”) Policy 5.2 – Changes of Business and Reverse Takeovers. Work related tothe Proposed Transaction—including technical reporting, preparationof transaction documentation, and assembly of required regulatoryfilings—is progressing as expected. The parties remain committed tomoving the Proposed Transaction forward and will provide furtherupdates as appropriate.
Completion of the Proposed Transaction remains subjectto execution of definitive documentation, regulatory and shareholderapprovals, and satisfaction of all applicable TSXVrequirements.
Details of the Proposed Transaction, as contemplated in the letter ofintent signed by Madoro and NRR on January 30, 2026, may be found inthe Company’s news release dated February 2, 2026.
Madoro Metals Corp. (MDM - TSXVenture Exchange; MSTXF –OTC Markets; A2QQ1X -Frankfurt) is an emerging resource company engaged in the evaluation,acquisition, and exploration of mineral properties in Canada andMexico. Madoro holds an Option to acquire 100% interest in the FirstGreen Lithium Property located in the emerging Cadillac-Pontiaclithium camp in the Abitibi Témiscamingue region, approximately 75kilometres southwest of Val-d’Or, Québec; a 50% interest in theRalleau mineral property in the Urban Barry District,Lebel-sur-Quévillon area of Quebec; and a 100% interest in the CerroMinas Property in Oaxaca, Mexico. For further information, investorsand shareholders are invited to visit the Company’s website at www.madorometals.com, callthe office at 1-604-681-1568, toll free at 1-877-377- 6222, or send anemail to info@madorometals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“BRIAN OSTROFF”
Brian Ostroff, Executive Chair & Director
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicablepursuant to Exchange Requirements, disinterested shareholder approval.Where applicable, the Proposed Transaction cannot close until therequired shareholder approval is obtained. There can be no assurancethat the Proposed Transaction will be completed as proposed or atall.
Investors are cautioned that, exceptas disclosed in the management information circular or filingstatement to be prepared in connection with the Proposed Transaction,any information released or received with respect to the ProposedTransaction may not be accurate or complete and should not be reliedupon. Trading in the securities of Madoro should be considered highlyspeculative.
The TSX Venture Exchange Inc. has inno way passed upon the merits of the Proposed Transaction and hasneither approved nor disapproved the contents of this pressrelease.
Forward Looking Information
This press release contains“forward-looking information” within the meaning of applicableCanadian securities legislation. Generally, forward-lookinginformation can be identified by the use of forward- lookingterminology such as “plans”, “expects” or “does notexpect”, “is expected”, “budget”, “scheduled”,“estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations (including negative and grammaticalvariations) of such words and phrases or state that certain acts,events or results “may”, “could”, “would”, “might” or“will be taken”, “occur” or “be achieved”.
Forward-looking information in this press release may include, withoutlimitation, statements regarding the advancement of the ProposedTransaction, the execution of definitive documentation, and thereceipt of regulatory and shareholder approvals. These statements arebased upon assumptions that are subject to significant risks anduncertainties, including risks regarding the mining industry,commodity prices, market conditions, general economic factors,the ability of the parties to successfully complete the Proposed Transaction and satisfy regulatoryrequirements, management’s ability tomanage and to operate the business, and the equity markets generally.Because of these risks and uncertainties, the actual results,expectations, achievements or performance of each of Madoro and NRRmay differ materially from those anticipated and indicated byforward-looking information.
Although each of Madoro and NRRbelieves that the expectations reflected in forward-lookinginformation are reasonable, they cangive no assurances that the expectations of any forward-lookinginformation will prove to be correct. Except as required by law, eachof Madoro and NRR disclaims any intention and assumes no obligation toupdate or revise any forward-looking information to reflect actual results,whether as a result of new information, future events, changes inassumptions, changes in factors affecting such forward-lookinginformation or otherwise, except as expressly required by applicablesecurities laws.
Copyright (c) 2026 TheNewswire - All rights reserved.
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