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Bullboard - Stock Discussion Forum Gabo Mining Ltd V.MDL

Medallion Resources Ltd. is focused on mid-stream separation and purification of rare earth oxides and salts (REOs) based on Ligand Assisted Displacement (LAD) Chromatography, enablement of upstream processing using the Company’s proprietary Medallion Monazite Process (MMP) technology, and marketing of magnetic REOs (neodymium, praseodymium, dysprosium, and terbium) to downstream rare earth... see more

TSXV:MDL - Post Discussion

Gabo Mining Ltd > Medallion holding ACDC hops on highway to ASX listing
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Post by moorage on Jan 05, 2023 8:35am

Medallion holding ACDC hops on highway to ASX listing

 

Medallion holding ACDC hops on highway to ASX listing

 

2023-01-04 17:27 ET - News Release

 

Mr. Alfredo Ramos Plasencia reports

MEDALLION RESOURCES' ASSOCIATE ACDC METALS LTD RECEIVES LISTING CONFIRMATION ON THE ASX

Medallion Resources Ltd. associate ACDC Metals Ltd. shares will begin trading on the Australian Securities Exchange on Jan. 17, 2023, under the ticker ADC. ACDC has completed allocation of shares issued at 20 Australian cents per share in its initial public offering.

Medallion holds 4.8 million common shares, 2.5 million performance rights that convert into common shares upon successful completion of a pilot plant incorporating the Medallion monazite process (MMP) and an additional 750,000 performance rights that convert into common shares upon commercial production. Medallion owns approximately 7 per cent of the issued shares of ACDC and, upon conversion of all performance rights to common shares, Medallion would own 8.05 million shares, or approximately 10.2 per cent of the total 78,555,130 shares that would then be outstanding.

ACDC is an integrated mineral exploration and resource development company focusing on heavy mineral sand projects located in Victoria, Australia. The company raised $8.0-million (Australian) in the IPO and has already completed an initial drill program at its Goshen Central project in Victoria, Australia. The program was designed to follow up on historic drilling by previous operators.

ACDC plans to spend approximately $1.5-million (Australian) on a pilot plant incorporating the Medallion's proprietary MMP process developed to extract rare earth elements (REEs) from monazite.

https://www.stockwatch.com/News/Item/Z-C!MDL-3349867/C/MDL

Comment by nek on Jan 09, 2023 11:03am
ALL THAT'S GOING ON WITH ACDC YOU WOULD THINK IT WOULD HAVE SOME IMPACT ON MEDALLION? WHEN IS THE CO. GOING TO LET THE SHARE HOLDERS KNOW WHAT IS GOING ON? ANYTHING........throw this DOG a bone for 2023
Comment by gnote1 on Jan 14, 2023 1:05pm
In the short time Medallions SP has doubled. Not bad for shareholders that bought in at the lows.  ACDC metals begins trading on Tuesday the 17th @.20c Aus. See what happens when their recent drill results are announced.  medallions website is down since Friday, time for an update and new info. Looking forward to reading the updated information, if any.     
Comment by nek on Jan 16, 2023 11:39am
Drill results? When?
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