Australia's Medallion Metals jumps on deal to buy IGO's Forrestania nickel ops

Medallion Metals

04/08/2025 01:23

** Medallion Metals MM8.AX jumps 8.9% to A$0.245; set for strongest trading session since early July

** Co says it has executed agreement with IGO IGO.AX to buy its Forrestania nickel operation in Western Australia

** Will grant IGO net royalty of up to 1.5% on all future gold production from the tenements

** IGO gains 0.2%

** YTD, MM8 rises 100%, IGO falls 3.6%

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))