10:46 AM EDT, 03/23/2026 (MT Newswires) -- Medaro Mining ( MEDAF ) on Monday said it has begun the geological exploration program at its Bastnas project in Sweden.

The company said field crews have mobilized to site and exploration activities are now underway. The program is focused on advancing its understanding of the project's rare earth element (REE), copper, cobalt, gold and base-metal potential through systematic fieldwork and targeted data acquisition.

Current activities include geological mapping, prospecting and sampling, with work directed toward evaluating priority areas identified through historical information and regional geological interpretation.

Shares of the company were last seen up 6.7% at $0.64 on the Canadian Securities Exchange.

Price: 0.64, Change: +0.04, Percent Change: +6.67