Medallion Resources Provides Clarification on Prior News Release Regarding REE Metallization and Magnet Recycling Partnership

Medallion Resources Provides Clarification on Prior News Release Regarding REE Metallization and Magnet Recycling Partnership

Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) "Medallion" or the "Company") issued a press release on March 28, 2022 (the "Press Release") announcing signing of an exclusivity agreement with a private North American research company to provide a three-month period to undertake additional due diligence on proprietary rare earth element ("REE") metallization and rare earth magnet recycling technologies.

The Press Release contained information with regard to the Ligand Assisted Displacement ("LAD") Chromatography, licensed from Purdue Research Foundation. Medallion wishes to clarify the field of use of the Company's license for LAD Chromatography, which is exclusively licensed from Purdue Research Foundation to separate REEs from all raw material feed stocks excluding coal sources and excluding recycled materials from manufacturing wastes and recyclates from battery and magnet sources.

About Medallion Resources

Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue Research Foundation which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com .

Contact(s):

Mark Saxon , President & CEO
+1.604.681.9558 or msaxon@medallionresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Medallion management takes full responsibility for the content of and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion's plans with respect to general strategic matters and the advancement of its business plan, Medallion's ability to advance and commercialize its technology platforms and negotiate commercial agreements with third parties.

Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words.   Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the Company's management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required pursuant to applicable laws.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

MDL:CA
The Conversation (0)
Medallion Completes $1.6M Private Placement with Lead Investments from Talaxis and Amvest

Medallion Completes $1.6M Private Placement with Lead Investments from Talaxis and Amvest

Medallion Resources Ltd. (TSXV:MDL; OTCPK:MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”) is pleased to announce it has closed its $1,600,000 non-brokered private placement, with lead investments by Talaxis Limited (“Talaxis”) and Amvest Capital Inc (“Amvest”), to fund development of the Company’s new North American-focused rare-earth element (“REE”) supply chain consortium (see press release dated July 10th, 2020).

“We are delighted to have been able to invest in Medallion, building on our central role in the Company’s REE consortium. This is a very exciting project in the vital REE processing sector, which is so critical to the development of sustainable technologies,” said Daniel Mamadou-Blanco Managing Director and Global Head of Technology Metals and Materials at Noble Group Holdings Limited, the owner of Talaxis.

Keep reading...Show less
Medallion Completes Process Engineering Work for Rare-Earth Element Extraction

Medallion Completes Process Engineering Work for Rare-Earth Element Extraction

Medallion Resources Ltd. (TSXV:MDL, OTCPK:MLLOF, Frankfurt:MRDN) (“Medallion” or the “Company”), pursuing North American production of rare-earth magnet metals, today reports the completion of Process Engineering Design for its proprietary extraction of a rare-earth element (REE) concentrate.

Summary of this news

Keep reading...Show less
FWB:MRDN

Medallion Receives US Department of Defense Related Inquiries

Medallion Resources Ltd. (TSXV:MDL, OTC:MLLOF, Frankfurt:MRDN) (“Medallion” or the “Company”), pursuing North American production of rare-earth magnet metals, announced that is has received inquiries from several rare-earth element (REE) refineries interested in receiving specifications and potential volumes of the Company’s REE concentrate product. These refineries are considering their response to the US Department of Defense’s recent Funding Opportunity Announcement (FOA), directed toward light REE processing and separation.

Medallion’s proposed US-based REE process plant is well-suited to provide a high-quality feedstock for separation by either existing or future refining facilities. The Medallion plant will utilize monazite sand, a rare-earth element rich (>50%) by-product mineral which is abundantly available within the United States. The Company’s proprietary process extracts a REE chemical concentrate from high grade monazite sand in a clean, safe and automated operation without the need for mining or upgrading.

Keep reading...Show less
FWB:MRDN

Medallion Resources Pursuing Rare Earths Extraction

With much of the rare earth elements supply chain under Chinese control, resource companies including Medallion Resources Ltd. (TSXV:MDL, OTCPK:MLLOF) are developing new means of extracting rare earth materials from North American sources. The company was recently featured in an article by the Financial Post covering the rare earths supply chain, which appears to be under heavy Chinese influence. “China controls large parts of all the steps in the value chain, so it’s kind of the gorilla in the room,” said Don Lay, chief executive of Vancouver-based Medallion Resources Ltd. “So everybody in North America pays attention to it, because pricing is dictated by the Chinese market.”

Keep reading...Show less
CleanTech Lithium

Collaboration with DuPont Water Solutions to Test Lithium Processing Technology

CleanTech Lithium (AIM:CTL), an innovative sustainable lithium developer in Chile, is collaborating with DuPont Water Solutions, a business unit of DuPont, to test lithium processing technology.

Keep reading...Show less
SAGA Metals Completes Maiden Drill Program and Commences Further Geophysics at the Radar Project

SAGA Metals Completes Maiden Drill Program and Commences Further Geophysics at the Radar Project

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, announces the final batch of core from the Company's maiden drill program at the Radar Titanium-Vanadium (Ti-V) project has been shipped for analysis to Activation Laboratories in Ancaster, Ontario. The 2,200m of core was cut, sampled and separated into three batches and sent to the lab in approximately two-week intervals. SAGA anticipates receiving the assay results throughout the month of May providing a steady stream of information that can be analyzed and interpreted by the geological team with modeling of the mineralization and geochemistry.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
HMW Phase 1 Funding & Offtake Secured with US Based Partner

HMW Phase 1 Funding & Offtake Secured with US Based Partner

Galan Lithium (GLN:AU) has announced HMW Phase 1 Funding & Offtake Secured with US Based Partner

Download the PDF here.

Aben Minerals Ltd. to Change Name to Aben Gold Corp.

Aben Minerals Ltd. to Change Name to Aben Gold Corp.

Aben Minerals Ltd. (TSX-V: ABM ) (OTCQB: ABNAF ) (Frankfurt: R26 ) ("Aben" or "the Company") announces that it is proceeding with a name change from Aben Minerals Ltd. to Aben Gold Corp.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Progress update - Ambient Noise Tomography Survey - Lac Dore deposit

Progress update - Ambient Noise Tomography Survey - Lac Dore deposit

(TheNewswire)

VanadiumCorp Resource Inc.

Vancouver, British Columbia TheNewswire - April 14, 2025, VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) VanadiumCorp (the "Company") engaged CAUR Technologies December 2024 to conduct an Ambient Noise Tomography (ANT) survey to characterize the Lac Doré deposit located on VanadiumCorp's property near Chibougamau, Quebec. Ambient Noise Tomography is a passive technique that records ambient vibrations using seismic sensors. This method allows for the modelling of underground structures and provides detailed information on S-wave velocities.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×