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The latest announcement is out from Medaro Mining ( (TSE:MEDA) ).
Medaro Mining has launched a geological exploration program at its Bastnäs project in Sweden, engaging McKnight Resources AB to carry out systematic fieldwork starting around March 20, 2026, subject to local conditions. The work will integrate mapping, sampling, and geophysical surveys to evaluate the site’s potential for rare earth elements, copper, cobalt, gold and other base metals, with laboratory analysis feeding into a consolidated geological and geochemical dataset.
The Bastnäs project covers roughly 1,130 hectares across two exploration permits valid to 2029 in the historic Riddarhyttan-Bastnäs mining district, which is considered prospective for IOCG, VMS and skarn-hosted magnetite-REE mineralization. By advancing its understanding of mineralization styles and refining exploration targets in a region with a long mining history, Medaro aims to position Bastnäs for potential follow-up programs that could enhance its critical-minerals portfolio and long-term growth prospects.
The most recent analyst rating on (TSE:MEDA) stock is a Hold with a C$0.67 price target. To see the full list of analyst forecasts on Medaro Mining stock, see the TSE:MEDA Stock Forecast page.
Spark’s Take on MEDA Stock
According to Spark, TipRanks’ AI Analyst, MEDA is a Neutral.
The score is held back primarily by weak financial fundamentals (no revenue, negative cash flow, and negative equity despite no debt). Technicals are a meaningful offset, with strong trend and momentum signals, while valuation remains constrained by ongoing losses and the absence of a dividend.
To see Spark’s full report on MEDA stock, click here.
More about Medaro Mining
Medaro Mining Corp. is a Vancouver-based mineral exploration company focused on acquiring and advancing high-quality projects in Ontario, Quebec and Sweden. The company targets a diversified suite of commodities, including rare earth elements, base and precious metals, positioning itself to benefit from growing demand for critical minerals in industrial and clean-energy supply chains.
Average Trading Volume: 58,138
Technical Sentiment Signal: Hold
Current Market Cap: C$7.36M
Learn more about MEDA stock on TipRanks’ Stock Analysis page.