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Medallion Resources (TSXV:MDL,OTCQB:MLLOF) announced the start of lab-scale extraction tests of rare earths from monazite. The extraction will use the standard commercial monazite process to produce a rare-earth chemical concentrate, co-products and waste materials of the type expected from a commercial operation.
According to the press release:
The monazite feedstock for the extraction process is provided by a major heavy-minerals-sands producer, who is currently in confidential discussions with Medallion to provide this material on a long-term basis. The extraction process and the resulting products build upon Medallion’s previously announced metallurgical process-design work and represent an important step toward process refinement and ultimate commercialization of the Company’s monazite strategy.
Don Lay, President and CEO of Medallion, said:
Rare-earth prices have declined substantially from the peak of a few years ago, but they have stabilized over the past 12 months
Click here to read the Medallion Resources Ltd. (TSXV:MDL,OTCQB:MLLOF) press release
Click here to see the Medallion Resources Ltd. (TSXV:MDL,OTCQB:MLLOF) profile.
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