Medallion Resources Ltd (CVE: MDL) reports a $2.7 million private placement arrangement of up to 9 million units at $0.30 per unit for gross proceeds of up to $2,700,000. The proceeds of the Offering will be used for further exploration of the Company’s Eden rare-earth-element (REE) project in Manitoba and its Red Wine heavy REE project […]

Medallion Resources Ltd (TSXV: MDL) reports a $2.7 million private placement arrangement of up to 9 million units at $0.30 per unit for gross proceeds of up to $2,700,000.

The proceeds of the Offering will be used for further exploration of the Company’s Eden rare-earth-element (REE) project in Manitoba and its Red Wine heavy REE project in Labrador, initial metallurgical studies, property payments, and working capital.

For Medallion’s company profile, click here.

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