As quoted in the interview:
Medallion is not going to be a REE mining operation in the traditional sense. The company plans to process monazite from heavy-mineral-sands to produce separated REOs. Medallion’s management team has the technical expertise to see this business model through. There are several catalysts here, including reaching agreements on the ideal jurisdiction to build a plant and procuring monazite feed stocks. It’s a totally different take on the REE space– one that could be achieved at low overall costs. I appreciate it, and I’m interested to see it move forward.
Get Our Expert Guide to Rare Earth Investing FREE!Download this FREE Special Report, Rare Earth News and Rare Earth Metals Prices: What you Need to Know.