Medallion Metals Acquires Forrestania Nickel Operation from IGO Limited in Asset Sale Deal

Published: Aug 5, 2025 00:08

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[SMM Flash News] Medallion Metals has signed an Asset Sale Agreement with IGO Limited to acquire 100% of the Forrestania Nickel Operation (FNO), including the Cosmic Boy plant, infrastructure, and mineral rights (excluding nickel and lithium). No cash consideration is involved; instead, IGO will receive up to a 1.5% NSR royalty on future gold production. Medallion will support IGO’s Reserved Rights to nickel and lithium while assuming all other rights and obligations, including rehabilitation.

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