GABO Mining Ltd Announces Stock Option Grants
GABO Mining Ltd Announces Stock Option Grants
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
VANCOUVER, British Columbia, February 5, 2025 -- GABO Mining Ltd. (formerly Medallion
Resources Ltd). (TSX-V: GAB; OTCPK: MLLOF; Frankfurt: MRDN) (“GABO” or the
“Company”) announces that it has approved the grant of 1,800,000 stock options to
directors, advisors and consultants which are exercisable into common shares of GABO at a
price of $0.08 per common share in accordance with TSX Policy 4.4, and subject to the rules
of the TSX Venture Exchange and the Company’s Stock Option Plan. The options have a term
of five years and will expire on February 3, 2030.
About GABO Mining (formerly Medallion Resources)
GABO is seeking opportunities in the resource sector within the Americas and has developed
a proprietary process and related business model to achieve low-cost extraction of rare
earth elements (“REE’s”) from monazite. REE’s are critical inputs to electric and hybrid
vehicles, robotics, electronics, imaging systems, wind turbines, and strategic defense
systems. GABO is committed to following best practices and accepted international
standards in all aspects of mineral transportation, processing, and the safe management of
waste materials. GABO utilizes the Life Cycle Assessment methodology to support
investment and process decision-making.
More about GABO (TSX-V: GAB; OTCPK: MLLOF; Frankfurt: MRDN) can be found
at GABOMINING.COM
Contact(s):
Gabriel Alonso-Mendoza, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
GABO management takes full responsibility for the content of and has prepared this news
release. Some of the statements contained in this release are forward-looking statements,
such as any statements that describe GABOs’s plans with respect to general strategic
matters and the advancement of its business plans.
Forward-looking statements are frequently, but not always, identified by words such as "expects,"
"anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar
expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur
or be achieved or their negatives or other comparable words. Since forward-looking statements
address future events and conditions, by their very nature, they involve inherent risks and
uncertainties, including the risks related to market conditions and regulatory approval and other risks.
Actual results in each case could differ materially from those currently anticipated. These forward-
looking statements are made as of the date of this press release, and, other than as required by
applicable securities laws, GABO disclaims any intent or obligation to update publicly any forward-
looking statements, whether as a result of new information, future events or results or otherwise,
except as required pursuant to applicable laws.