Medallion Resources Ltd. (TSXV:MDL) is focused on becoming a low-cost producer of industrially important rare earth elements (REEs) from Monazite. According to Caesars Report, the recent increase of the Rare Earth Element prices has an enormous impact on the value of Medallion’s expected REE concentrate.
As quoted in the article:
Medallion is now raising more cash at C$0.16 (post a recent 4:1 share consolidation) to continue to invest in its plans to become a producer of Rare Earth Elements by processing the waste products of mineral sands producers. The unit offering has been priced at C$0.16 and consists of one common share as well as a full share purchase warrant valid for three years, allowing the warrant holder to purchase an additional share at C$0.32 during that period.