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Medallion Metals Raises $6.5M to Accelerate Forrestania Acquisition and Gold Production
9:34am on Monday 3rd of February, 2025 AEDT
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Mining
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Medallion Metals Raises $6.5M to Accelerate Forrestania Acquisition and Gold Production
9:34am on Monday 3rd of February, 2025 AEDT
Key Points
Placement raises $6.5 million at 10 cents per share
Pro-forma liquidity to reach approximately $9.5 million post-settlement
Funds to support acquisition of Forrestania Nickel Operation assets including Cosmic Boy Process Plant
Strong institutional backing including Alkane Resources and new investor Lion Selection Group
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Medallion Metals (ASX:MM8)
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