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Yes making a strong move indeed. Hope it hold most of it. I think it deserves this move.
Trading volume coming back with the License news sinking in.
Sorry I guess you need to be logged in the get there.
https://www.virtualinvestorconferences.com/welcome
is this the right link?
Medallion Resources Ltd. (OTCQB: MLLOF | TSX-V: MDL)
02/18/2021 3:00PM - 3:30PM
Presenting today
Medallion Resources Ltd. (OTCQB: MLLOF | TSX-V: MDL)
02/18/2021 3:00PM - 3:30PM
https://onlinexperiences.com/Server.nxp
AREC almost tripled when they released news about their license with Purdue for REE.
Says halted: At the Request of the Company Pending News
https://www.newswire.ca/news-releases/iiroc-trading-halt-mdl-813049285.html
I know study data supposed to come back soon, perhaps it is that, or something else? Fingers-crossed.
Was halted on pending news. Any chatter about a buyout?
Got halted near the end of trade day. Think it was from the company?
Maybe today was on news leaked.
Hoping for a good close. Impressive volume for sure.
Solid push past 30 Cents(US) 40(CAN). Got some new eyes on it.
Congrats!
Good hold. The 1 year chart shows the swing back to retest .30(US).40(CAN) region, looks promising.
I am finally in the green for this one. Hard fought climb. Nice Voume today.
Global Metals & Mining Live Virtual Investor Conference February 16th, 17th, 18th
BY Canada NewsWire
— 8:35 AM ET 02/12/2021
NOTE: Medallion presentation will be --
Feb 18th 3:00 PM Medallion Resources Ltd. ( MLLOF )
OTCQB: MLLOF | TSX-V: MDL
Company Executives share vision and answer questions live at VirtualInvestorConferences.com
NEW YORK, Feb. 12, 2021 /CNW/ - Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals and Mining Virtual lnvestor Conference. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals & mining companies discuss their property positions, development schedules, market opportunity, and investment highlights. The program opens at 8:45 AM ET, with the first webcast at 9:00 AM ET on Tuesday, February 16th.
REGISTER NOW AT: https://bit.ly/3tFv5vU
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.
"We are delighted to present our three-day Global Metals and Mining Virtual Investor Conference highlighting the perspectives of today's leading global resource companies," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We appreciate the continued support of our co-sponsor Amvest Capital and welcome the input of our keynote speakers: Terry Heymann, CFO, World Gold Council, Michael DiRienzo, Executive Director, The Silver Institute and Daniel Mamadou of Welsbach Holdings."
"As we co-host our second event with the OTC, we are excited to bring together developers and producers of various mineral commodities," says Gabriel Alonso-Mendoza, Managing Partner at Amvest Capital, "we believe a bull-market in commodities is commencing, and this conference provides investors with ideas to advantageously allocate their capital."
It's been struggling the last few days. Hopefully back on track up.
And the 'looking good' continues with decent volume. NICE
It's looking good.
Thanks Middleborder, I anticipate a very good year for Medallion. They are getting close to finally producing. They have a very exciting process.
The seeker, all: January 5 2020
https://medallionresources.com/2021/01/medallion-commissions-life-cycle-assessment-to-quantify-climate-change-and-environmental-impact/
FOR IMMEDIATE RELEASE
January 5, 2021
Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the engagement of Minviro Ltd, a UK-based global leader in Life Cycle Assessment (LCA), to deliver an ISO-compliant gate-to-gate LCA model for the proprietary Medallion Monazite Process which extracts rare-earth elements (REE) from mineral sand monazite. Minviro will use data generated from the ongoing techno-economic assessment (TEA) of the Medallion Monazite Process which is anticipated to be delivered during Q1 2021.
Life Cycle Assessment is a widely accepted and robust numerical method used to quantify climate change and other environmental impacts for industrial processes, while identifying opportunities for impact reduction and process improvement. (...Snip. More at link)
Whoa look at that volume and increase today.
Rare-Earth Element Prices Rise as Medallion Approaches Key Technical Milestone
BY GlobeNewswire
— 10:17 AM ET 12/10/2020
VANCOUVER, British Columbia, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. ( MLLOF ) – “Medallion” or the “Company”), provides an industry update ahead of reporting the techno-economic assessment results for its proposed US rare-earth element (REE) extraction plant, expected in Q1 2021.
Driven by high growth forecasts for electric vehicles (EVs), wind energy and electronics that require substantial volumes of high strength REE permanent magnets, the price of magnetic REEs have moved rapidly upwards in recent months. The price for neodymium (Nd) and praseodymium (Pr), together called “NdPr”, has risen almost 50% this year to $65/kg after averaging $41/kg for the last decade. As all major automakers have committed to rolling out new EV and hybrid models, Swiss Investment bank UBS recently forecast NdPr pricing to move to $100/kg by 2025.
Medallion’s proposed plant, using its proprietary Medallion Monazite Process, is expected to produce approximately 3,500 tonnes per year of rare-earth products. This would include approximately 800 tonnes per year of the important magnet metals NdPr, the key input to the powerful and lightweight traction motors that propel EVs such as Tesla and Nio Limited.
All modern vehicle designs depend on lightweight motors to provide increased efficiency, achieved in part by incorporation of REE magnets. EVs and hybrid vehicles that demand longer battery range are particularly weight sensitive, and consequently typically utilize 100-150% more REE magnets than internal combustion engine (ICE) vehicles. With most EVs requiring an additional 1 kg of NdPr vs. ICE vehicles, Medallion’s forecast NdPr output could supply magnets for 400,000 EVs per year.
“With current and projected pricing of NdPr we expect the economics from our independent techno-economic assessment to look very positive,” said Mark Saxon, Medallion President & CEO. “We welcome approaches by prospective business partners as we progress towards final design and engineering.”
Rare-earth elements are again attracting interest in the investment community as MP Materials Inc., which owns and operates Mountain Pass, went public November 18, 2020. With over 270 employees, MP Materials is the only operating REE mining and processing site in North America, and today ships a mineral concentrate to Shenghe Resources Holding in China for processing. Currently MP Materials produces approximately 15% of global rare-earth output and plans to use recently secured capital to extend its operations downstream to include extraction, separation, and marketing of separated light REEs.
Such a move could present a non-Chinese marketplace competitor to Lynas Inc., the integrated Australian-Malaysian REE producer. Lynas also has designs on US value-add production and is constructing a heavy rare-earth element separation plant in Plano, Texas, in partnership with privately held Blue Line Corp. The Lynas-Blue Line combination will utilize a heavy REE concentrate imported from Lynas’ Malaysian plant that produces and markets the light REEs cerium, lanthanum and NdPr.
Also vying for a slice of the US marketplace is Texas Mineral Resources Limited, proposing to develop, in partnership with privately-owned US Rare Earth Inc., the Round Top property in Texas, primarily for heavy rare earth elements, lithium and other critical materials.
Medallion’s REE Production Approach
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
Medallion is working closely with trading and logistics partner Talaxis Ltd along with their permitting and transport networks to ensure commercial volumes of mineral sand monazite are available to meet with Medallion’s execution timeline.
US Strategic Importance
The suitability of the U.S., for the production of REEs, by the Medallion Monazite Process has been heightened recently by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America’s dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected.”
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States … [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. More about Medallion can be found at medallionresources.com.
Contact(s):
Mark Saxon, President & CEO
Donald Lay, Director & Vice President, Corporate Development
+1.604.681.9558 or info@medallionresources.com
Thank you. Looks like results of study/testing will be in January. Hopefully 2021 should be a very profitable one of current stock holders. Plan includes Medallion being both operators and partnerships. Its transferable / scalable allows a lot of possibilities. I admit I do not have a good handle on how fast it grows this and thus what kind of time frame and price growth to expect. But I am sure this price will rise very significantly in 2021.
The Seeker YouTube Mark Saxon details technical review of rare earths extraction process
Medallion Commences Techno-Economic Assessment of Proprietary Rare-Earth Element Extraction Process
VANCOUVER, British Columbia, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the engagement of Simulus Engineers, an independent Australian engineering consultancy firm, to complete a techno-economic assessment of the Medallion Monazite Process. This proprietary process sustainably extracts rare-earth elements (REE) from mineral sand monazite, which is a widely available and REE-rich by-product from mineral sand mining operations within the US and globally.
The techno-economic assessment (TEA) will aggregate results from extensive laboratory test work, process simulation and trade-off studies completed by Medallion over the past 5 years. The TEA will deliver commercial capital and operating cost estimates for an extraction facility that processes 7,000 tonnes per year of monazite feedstock and delivers approximately 2,300 tonnes of cerium-depleted high-value REE products plus additional phosphate co-product. Completion of the TEA is expected in the first quarter of 2021.
The Medallion Monazite Process was developed utilizing “best available technology” (BAT) principles and is consequently a highly optimized and automated design that is transferable in location and scalable in size as REE demand grows. The process reflects the current and future expectations of REE customers in the rapidly growing electric vehicle and wind energy markets by providing the lowest impact, most sustainable and resource efficient primary raw material sourcing available.
The Medallion Monazite Process utilizes by-product materials that presently pass to waste in the mineral sand industry, or to Chinese customers, and therefore additional mining is not required. It produces zero liquid waste, has a very high degree of energy and chemical reuse and regeneration, and will convert greater than 95% of monazite feed to saleable REE and phosphate products.
“Medallion has been building towards this critical step over numerous years and has developed a disruptive and innovative process,” said Mark Saxon President & CEO. “Simulus is an ideal choice for this independent assessment of the Medallion Monazite Process as they delivered our comprehensive chemical process model and have a good breadth of rare-earth element expertise. We look forward to sharing study outcomes as they arise.”
The Company’s recent siting trade-off study as announced October 14, 2020 independently compared U.S. and Canadian locations based on a series of commercial and practical factors impacting performance and profitability of the proposed plant. The U.S. Gulf Coast was highlighted as a very positive operating environment for the first Medallion Monazite Process facility.
In addition, Medallion is presently undertaking an independent assessment of emerging and embedded technologies for REE separation with a view to selecting a permanent partner. Approximately 20 prospective technology providers have been identified within four technology clusters. The highest potential technology cluster has been determined by the assessment team using technology readiness, estimated process cost and sustainability filters. Engagement has begun with prospective REE separation providers within this cluster to assess business opportunities.
Medallion is working closely with trading and logistics partner Talaxis Ltd along with their permitting and transport networks to ensure commercial volumes of mineral sand monazite are available to meet with Medallion’s execution timeline.
RSD Interview: Medallion Resources (TSX-V: MDL) CEO Mark Saxon - October 15, 2020
Getting closer to a location for their process.
Medallion Resources Now Trading on OTCQB Market
VANCOUVER, British Columbia, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) (“Medallion” or the “Company”) is pleased to announce receipt of approval from OTC Markets to trade on the OTCQB market. This listing will increase the accessibility of the Company to U.S.-based retail and institutional investors and aligns well with Medallion’s focus on production of rare-earth elements (“REE”) within North America. Medallion is trading on the OTCQB Venture Market under the symbol MLLOF and the company profile can be viewed at the OTC Markets site.
“While the TSX Venture Exchange remains Medallion’s primary capital market, our leading position in the REE industry, and the importance of REEs to U.S. industry and defense makes the OTCQB Venture Market a natural fit,” said Mark Saxon Medallion President & CEO. “We are working closely with Amvest Capital Inc. of New York for capital markets support, and recently welcomed Talaxis Ltd., a unit of Global commodity trader Noble Limited, as a shareholder and partner.”
The OTC Venture Market (OTCQB) offers developing Canadian companies the benefits of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Streamlined market standards enable Canadian companies to provide a strong baseline of transparency to inform and engage U.S. investors. To be eligible, Canadian companies must be current in their SEDAR reporting and undergo an annual verification and management certification process.
Medallion has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global mineral sand mining operations.
$MLLOF Medallion Completes Siting Study for North American Rare-Earth Element Production Facility
Press Release | 10/14/2020
VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) (“Medallion” or the “Company”), is pleased to report on the completion of a comprehensive study by Stantec Consulting to identify the most suitable locations in North America for installation of Medallion’s proposed rare-earth element (REE) production facility utilizing monazite from mineral sands.
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
The trade-off study was designed to compare US and Canadian localities based on a series of commercial and practical factors that will impact on performance and profitability. Appropriate infrastructure, access to required chemicals, access to monazite feed stock, proximity of skilled labor, downstream market access, corporate taxation, weather as well as handling, management and disposal of radioactive wastes were prioritized.
The study has identified and ranked a range of regions that appear highly suitable for further investigation. While detailed study results remain confidential, U.S. states with access to the Gulf Coast present many advantages. Medallion is now seeking additional detail from the highest-ranked areas to narrow site choices.
The suitability of the U.S. for the production of REEs by the Medallion Monazite Process has been heightened in recent weeks by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America's dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected.”
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States ... [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
“We are pleased to have completed this siting project with the support of Stantec,” said Mark Saxon, President & CEO. “The benefits of the Medallion Monazite Process include the modular and scalable design and the need for only commercially-available chemicals. With a small footprint, we envisage it as able to be incorporated in many existing process facilities both in North America and internationally.”
The Company has recently welcomed Talaxis Ltd as a shareholder and partner to support the sourcing of raw materials including monazite and is now reviewing downstream separation partnerships.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
About Medallion Resources
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials.
More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.
Contact(s):
Mark Saxon, President & CEO
Donald Lay, Director & Strategic Advisor
+1.604.681.9558 or info@medallionresources.com
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.
Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to the completion of additional tranche(s) of the Offering and the intended use of the proceeds. 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 outlined in the Company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion 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.
$MLLOF Medallion Completes Siting Study for North American Rare-Earth Element Production Facility
Press Release | 10/14/2020
VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) (“Medallion” or the “Company”), is pleased to report on the completion of a comprehensive study by Stantec Consulting to identify the most suitable locations in North America for installation of Medallion’s proposed rare-earth element (REE) production facility utilizing monazite from mineral sands.
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
The trade-off study was designed to compare US and Canadian localities based on a series of commercial and practical factors that will impact on performance and profitability. Appropriate infrastructure, access to required chemicals, access to monazite feed stock, proximity of skilled labor, downstream market access, corporate taxation, weather as well as handling, management and disposal of radioactive wastes were prioritized.
The study has identified and ranked a range of regions that appear highly suitable for further investigation. While detailed study results remain confidential, U.S. states with access to the Gulf Coast present many advantages. Medallion is now seeking additional detail from the highest-ranked areas to narrow site choices.
The suitability of the U.S. for the production of REEs by the Medallion Monazite Process has been heightened in recent weeks by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America's dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected.”
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States ... [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
“We are pleased to have completed this siting project with the support of Stantec,” said Mark Saxon, President & CEO. “The benefits of the Medallion Monazite Process include the modular and scalable design and the need for only commercially-available chemicals. With a small footprint, we envisage it as able to be incorporated in many existing process facilities both in North America and internationally.”
The Company has recently welcomed Talaxis Ltd as a shareholder and partner to support the sourcing of raw materials including monazite and is now reviewing downstream separation partnerships.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
About Medallion Resources
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials.
More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.
Contact(s):
Mark Saxon, President & CEO
Donald Lay, Director & Strategic Advisor
+1.604.681.9558 or info@medallionresources.com
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.
Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to the completion of additional tranche(s) of the Offering and the intended use of the proceeds. 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 outlined in the Company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion 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.
Increased my holdings today. Happy for the low price. It won't last.
Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to report on the completion of a comprehensive study by Stantec Consulting to identify the most suitable locations in North America for installation of Medallion’s proposed rare-earth element (REE) production facility utilizing monazite from mineral sands.
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
The trade-off study was designed to compare US and Canadian localities based on a series of commercial and practical factors that will impact on performance and profitability. Appropriate infrastructure, access to required chemicals, access to monazite feed stock, proximity of skilled labor, downstream market access, corporate taxation, weather as well as handling, management and disposal of radioactive wastes were prioritized.
The study has identified and ranked a range of regions that appear highly suitable for further investigation. While detailed study results remain confidential, U.S. states with access to the Gulf Coast present many advantages. Medallion is now seeking additional detail from the highest-ranked areas to narrow site choices.
The suitability of the U.S. for the production of REEs by the Medallion Monazite Process has been heightened in recent weeks by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America’s dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected”.
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States … [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
“We are pleased to have completed this siting project with the support of Stantec,” said Mark Saxon, President & CEO. “The benefits of the Medallion Monazite Process include the modular and scalable design and the need for only commercially-available chemicals. With a small footprint, we envisage it as able to be incorporated in many existing process facilities both in North America and internationally.”
The Company has recently welcomed Talaxis Ltd as a shareholder and partner to support the sourcing of raw materials including monazite and is now reviewing downstream separation partnerships.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
About Medallion Resources
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials.
Medallion Completes Siting Study for North American Rare-Earth Element Production Facility
VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) (“Medallion” or the “Company”), is pleased to report on the completion of a comprehensive study by Stantec Consulting to identify the most suitable locations in North America for installation of Medallion’s proposed rare-earth element (REE) production facility utilizing monazite from mineral sands.
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
The trade-off study was designed to compare US and Canadian localities based on a series of commercial and practical factors that will impact on performance and profitability. Appropriate infrastructure, access to required chemicals, access to monazite feed stock, proximity of skilled labor, downstream market access, corporate taxation, weather as well as handling, management and disposal of radioactive wastes were prioritized.
The study has identified and ranked a range of regions that appear highly suitable for further investigation. While detailed study results remain confidential, U.S. states with access to the Gulf Coast present many advantages. Medallion is now seeking additional detail from the highest-ranked areas to narrow site choices.
The suitability of the U.S. for the production of REEs by the Medallion Monazite Process has been heightened in recent weeks by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America's dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected.”
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States ... [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
“We are pleased to have completed this siting project with the support of Stantec,” said Mark Saxon, President & CEO. “The benefits of the Medallion Monazite Process include the modular and scalable design and the need for only commercially-available chemicals. With a small footprint, we envisage it as able to be incorporated in many existing process facilities both in North America and internationally.”
The Company has recently welcomed Talaxis Ltd as a shareholder and partner to support the sourcing of raw materials including monazite and is now reviewing downstream separation partnerships.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
I am now moderator here. Intro has been updated with a good overview. GLTY all.
Looking Ahead –
A Fast Mover in an Essential Industry
Finalize Location Study to select optimum future operating sites
Complete final processing research
Techno-Economic Study to define economic models
Execute contracts for monazite supply and REE offtake
Select and permit first operating location
Select financing and construction partners
MARKET CAPITALIZATION~ $10.8 million
INSIDER HOLDINGS~13%
Medallion Resources
SHARES ISSUED 48.8 million shares
+ 4.4 million options
+ 19.7 million warrants
FULLY DILUTED 73.9 million shares
TSX.V : MDL OTCPK : MLLOF
Medallion Resources Ltd is a Canadian public company, investing in technology for the safe, sustainable and low-cost production of rare earth elements from the widely available by-product mineral monazite. The Company is focused on an industrially relevant, early to market solution for these most critical raw materials. HIGH STAKESThe dramatic combination of a US-Chinese trade dispute with the tragic effects of the COVID-19 pandemic have highlighted strategic weaknesses and monopolies in many global supply chains, none more so than rare earth elements (“REE”). Ensuring secure access to critical raw materials and technologies in times of crisis has become an essential and enduring focus of industry and government during 2020. Rare earth elements, often in the form of high strength permanent magnets, are a small but essential addition to many defense and consumer technology products. China has dominated the production and value add stages of a growing rare-earth element industry for the past thirty years, as US and European manufacturing industries traded off supply security and strong environmental governance for low prices. REEs have been identified as critical raw materials in both the US and EU.Today, with REE demand set for unprecedented growth due to the essential role they play in electric vehicles and wind turbines, diversification of production away from China is essential. Medallion Resources is positioned to play a lead role in the future of rare-earth element supply.
Medallion Receives $741,000 from Warrant and Option Exercise
VANCOUVER, British Columbia, Oct. 02, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to report that during the quarter ended September 30, 2020 shareholders have exercised warrants and options for gross proceeds of approximately $741,000. The warrants and options were priced between $0.10 and $0.32 with an average exercise price of $0.21 per share.
“The recent over subscribed financing, in combination with the progressive exercise of warrants and options, has provided Medallion with an excellent working capital position,” said Mark Saxon, President & CEO. “We are grateful for the support of our shareholders and look forward to accelerating our rare earth element from monazite strategy during this pivotal moment in the industry.”
Medallion is focused on the development of a comprehensive rare earth element (“REE”) supply chain within North America. The Company has recently welcomed Talaxis Ltd as a shareholder and partner to support the sourcing of monazite feedstock and is reviewing downstream separation partnerships.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relative abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
About Medallion Resources
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials.
More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.
The Seeker
https://medallionresources.com/2020/10/medallion-receives-741000-from-warrant-and-option-exercise/
October 2, 2020
"Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to report that during the quarter ended September 30, 2020 shareholders have exercised warrants and options for gross proceeds of approximately $741,000. The warrants and options were priced between $0.10 and $0.32 with an average exercise price of $0.21 per share."
More at link
Medallion Resources forms Rare-Earth Elements Supply Chain consortium with a focus on U.S.
Not new but I don't think it was posted yet
By the end of the year? I don't know, but I hope. I think that this is a good sector to invest in. The idea seems like a good one, and they have some support from a Canadian Provence.
There are so many other political and global factor that can affect this. An election, a contested election, Chinese potentially dumping product to suppress N.A. development of REE mines.
At least this is a company located in N. America.
Lets see if there is some news tomorrow that has pushed the price up!
Well today was certainly a good start for me. Long way to go. I think there is a good chance of this rising 100% by year end. What say you?
ThSeeker
Good place to start!
https://medallionresources.com/medallion-news/
Based on the September 1 news release it does not sound like they will be starting up this year, but the same cam be said for most of the other REE refiners in North America!
Good luck and good investing!
Ok I joined the party today and bought into Medallion. Buying based on the Gold Investment Letter recommendation. Did some DD and sounds like they are getting close to being able to produce REE. They are in a sweet spot as USA needs someone to be a domestic producer and seems there is no other company close to achieving that any time soon. Could not get a clear understanding of how close Medallion is to production.
Anyone here hear of a target for that?
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To provide material for the increasing clean energy demands in transportation and energy production–Medallion has a smart plan for magnet metals production outside of China. Our plan is to source rare-earth mineral available as a by-product from current mining operations or existing stockpiles.
An investment in Medallion provides excellent upside by exposure to:
The Medallion Monazite Process does not require additional mining to produce REEs, utilizes a high-grade by-product mineral that typically goes to waste, makes use of Process Intensification design practice that maximizes energy and reagent re-use, and produces zero liquid waste output. The climate change and other environmental impact benefits of the process will be quantified by the LCA. As the Medallion Monazite Process is both scalable and transferable it can be implemented at ideal locations and scales to maximize profitability and minimize the carbon dioxide impact of long-distance feedstock and reagent transport.
Rare-earth element demand growth is linked to low-carbon emitting technologies, including wind energy and electromobility where efficiency is enabled by high-strength REE permanent magnets. Many industrial customers in these fields, such as automakers, seek to make the most sustainable purchasing decisions for REEs and battery materials, and the data-driven approach of an LCA with ISO-compliance provides them the highest degree of transparency and customer confidence.
Contact(s):
Mark Saxon, President & CEO
Donald Lay, Director & Strategic Advisor
+1.604.681.9558 or info@medallionresources.com
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