IGO ( (AU:IGO) ) has shared an announcement.
Medallion Metals Limited, in collaboration with IGO Limited, has revised the terms of their agreement regarding the acquisition of the Forrestania Nickel Operation. Under the new terms, Medallion will acquire full ownership of the operation, including tenements, infrastructure, and other assets, while IGO retains rights to explore and mine nickel and lithium. This strategic move aims to enhance Medallion’s gold production capabilities, leveraging existing infrastructure to unlock value and potentially reestablish the region as a significant gold production district. The transaction is set to be completed by late 2025, contingent on various conditions, including a positive investment decision on the Ravensthorpe Gold Project.
More about IGO
YTD Price Performance: -25.48%
Average Trading Volume: 1,428
Technical Sentiment Signal: Buy
Current Market Cap: $1.92B
Find detailed analytics on IGO stock on TipRanks’ Stock Analysis page.