Medaro Mining, a company specialized in exploration of mineral properties, is set to spin-off Global Lithium Extraction Technologies, a lithium extraction technology firm. "We believe the spin-out of the GLET, Hardrock Lithium Extraction Technology will be very beneficial to shareholders. The spin-out of the technology assets from Medaro will unlock the value of the HLT by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two companies. Post spin out, Medaro will dedicate efforts towards its suite of lithium exploration assets with a focus on the Quebec properties which are all in close proximity to each other and have similar geology," Michael Mulberry, Medaro Mining CEO.