Gabo Mining Ltd (MLLOF)

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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.