Megado Minerals Limited operates as a mineral exploration company in Australia, the United States, Canada, and Ethiopia. It primary explores for rare earth elements and lithium. The company holds interest in North Fork Rare Earth project, including 499 unpatented mining lode claims covering approximately 10,309 acres located in the Salmon-Challis National Forest in Lemhi County, Idaho; the Cyclone lithium project comprising 304 claims covering an area of 130 square kilometers located near the James Bay region in Quebec, Canada; and K Lithium project, including 35 claims that covers an area of approximately 16 square kilometers located in the James Bay region in Quebec, Canada. The company was formerly known as Megado Gold Limited and changed its name to Megado Minerals Limited in July 2022. Megado Minerals Limited was incorporated in 2019 and is headquartered in Perth, Australia.