Medallion Arranges $2.7 million Private Placement

Critical Metals

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 complete news release, click here.

For Medallion’s company profile, click here.

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