Medallion Resources Extends MOUs with Takamul and Arab Mining

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.