The Conversation (0)
Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF) has completed six-month extensions of the existing MOUs with Oman-based Takamul Investment Company and Jordan-based Arab Mining Company.
As quoted in the press release:
The original MOUs, which were executed earlier this year, commit the partners to investigating the viability of financing, constructing and operating a monazite-based, rare-earth production project in the industrial city of Duqm, Oman. Renewing these agreements confirms the regional partners’ interest in, and desire to advance Medallion’s monazite-based rare-earth production strategy.
Click here to read the Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF) press release
Click here to see the Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF) profile.
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