Medallion Resources Provides Update on ACDC Metals Pty Ltd Progress Toward IPO on ASX
Medallion and ACDC are currently negotiating a Definitive Licensing and Royalty Agreement (the Agreement) under which ACDC plans to build a monazite processing hub using MMP.
- Medallion and ACDC are currently negotiating a Definitive Licensing and Royalty Agreement (the Agreement) under which ACDC plans to build a monazite processing hub using MMP.
- Medallion expects to receive milestone payments as ACDC advances the facility and long-term royalty fees from operations.
- ACDC has informed Medallion that it is preparing documentation necessary to file for an Initial Public Offering (IPO) on the Australian Stock Exchange (ASX).
- Subject to regulatory approval, ACDC anticipates completing the IPO in the second half of 2022.