The Board of Medaro Mining Corp. (CNSX:MEDA) announced the spin-off of Global Lithium Extraction Technologies, Inc. on April 24, 2023. As per the transaction, shareholders of Medaro Mining Corp.

would receive common shares of Global Lithium Extraction Technologies, Inc. in proportion to the number of common shares of Medaro Mining Corp. that they hold as of the effective date of the Spin-Out. There would be no change in shareholders' holdings as a result of Spin-Out.