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Medallion Metals Limited (ASX:MM8)

ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.510 -0.01 (-1.92%)+
Announcement
Release
20 Aug 2026 12:20PM
Price at Release
$0.520
Full Release
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Summary
Medallion Metals Limited announced the successful completion of a $60 million placement to strengthen its financial position for the progression to commercial gold and copper production. The placement will enable Medallion to support the development of the Ravensthorpe Gold Project and accelerate growth drilling in Western Australia. With the funds raised, Medallion's available liquidity is approximately $175 million, ensuring financial flexibility to fund development, meet liquidity requirements, and further resource growth. The placement was supported by high-quality resource investors and existing institutional investors, with the shares expected to commence trading on the ASX shortly after settlement.
Key Points
  • Medallion Metals Limited raised $60 million through a placement.
  • Funds will support the Ravensthorpe Gold Project development.
  • Available liquidity after placement is approximately $175 million.
  • Placement shares will rank equally with existing shares.
  • Proceeds will fund development and accelerate growth drilling.
  • Placement supported by quality resource and institutional investors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.