Medallion Metals Launches Discounted Share Purchase Plan to Fund Project Development

Medallion Metals Ltd ( (AU:MM8) ) just unveiled an update.

Medallion Metals has launched a 2025 share purchase plan (SPP) offering eligible shareholders in Australia and New Zealand the opportunity to acquire between A$2,000 and A$30,000 of new shares at A$0.33 each, a 20.8% discount to the five-day volume-weighted average price prior to 12 December 2025. The company aims to raise about A$5 million, with the ability to accept oversubscriptions for up to an additional A$5 million, to be used alongside recent placement proceeds to fund front-end engineering and early site works for the Cosmic Boy processing infrastructure at Kundip, potential construction and development of the Forrestania project, infill and extensional drilling to grow and de-risk its mineral resource, and general working capital, thereby strengthening its project pipeline and capital position ahead of key development milestones.

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 proposed Cosmic Boy processing facilities, and on expanding its mineral resource base through infill and extensional drilling at its RGP project. The company’s strategy centres on advancing these mining assets and, subject to completion of a proposed acquisition, developing the Forrestania project to grow its production profile and resource confidence in the Australian mining sector.

Average Trading Volume: 1,291,942

Technical Sentiment Signal: Buy

Current Market Cap: A$336.6M

For an in-depth examination of MM8 stock, go to TipRanks’ Overview page.