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Medallion Metals Ltd ( (AU:MM8) ) just unveiled an announcement.
Medallion Metals Limited has launched a 2025 Share Purchase Plan (SPP) offering eligible shareholders in Australia and New Zealand the opportunity to subscribe for between A$2,000 and A$30,000 of new shares at A$0.33 per share, a 20.8% discount to the five-day volume-weighted average price prior to 12 December 2025. The company aims to raise approximately A$5 million, with the capacity to accept oversubscriptions of up to an additional A$5 million, following a recent placement at the same issue price and supported by an ASX waiver that allows the SPP pricing below the usual 80% VWAP threshold. Proceeds from the placement and SPP are earmarked for front-end engineering and design of the Cosmic Boy processing infrastructure, early site works at the Kundip Mining Centre, potential construction and development of the Forrestania project (subject to transaction completion), further drilling to expand and de-risk the existing mineral resource at RGP, as well as transaction costs and general working capital, underscoring Medallion’s drive to advance its project pipeline and strengthen its operational and development capacity.
The most recent analyst rating on (AU:MM8) stock is a Hold with a A$0.42 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 Limited (ASX: MM8) is an Australian resources company focused on developing its Kundip Mining Centre and associated processing infrastructure, including the Cosmic Boy processing facilities. The company is advancing mineral resource growth through infill and extensional drilling at its Ravensthorpe Gold Project (RGP) and is pursuing the proposed acquisition and development of the Forrestania project, positioning it within the broader Australian mining and exploration sector.
Average Trading Volume: 1,291,942
Technical Sentiment Signal: Buy
Current Market Cap: A$336.6M
Find detailed analytics on MM8 stock on TipRanks’ Stock Analysis page.