GABO Mining Concludes Private Placement Fundraising

Medallion Resources (TSE:GAB) has released an update.

GABO Mining Ltd, previously known as Medallion Resources, has successfully completed the final tranche of its private placement, raising a total of $1,175,000 to explore opportunities in the Americas and advance its unique rare-earth element extraction process. The recent funding, announced on October 10, 2024, will support the company’s collaboration with ACDC Metals Ltd in Australia. The final tranche involved the issuance of 1,050,000 units at 10 cents each, with each unit including a share and a warrant exercisable at 15 cents until October 8, 2027.

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