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The latest announcement is out from Medallion Metals Ltd ( (AU:MM8) ).
Medallion Metals Ltd has announced a significant partnership with Trafigura Pte Ltd to secure up to US$50 million in funding and establish offtake agreements for the Ravensthorpe Gold Project and Forrestania processing operations. This collaboration will provide Medallion with the necessary capital to advance its project development, combining debt funding and offtake agreements with a globally recognized partner. The agreement is expected to enhance Medallion’s industry positioning by securing a strategic funding source without commodity price hedging requirements, potentially impacting stakeholders positively by ensuring project viability and growth.
The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.61 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
More about Medallion Metals Ltd
Medallion Metals Ltd is a company operating in the mining industry, focusing on the development of gold and copper projects. The company is primarily involved in the exploration and development of the Ravensthorpe Gold Project and processing operations at Forrestania, with a market focus on gold and copper commodities.
Average Trading Volume: 1,335,534
Technical Sentiment Signal: Buy
Current Market Cap: A$306.7M
See more insights into MM8 stock on TipRanks’ Stock Analysis page.