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 Resources

Medallion Resources

Overview

Medallion Resources Ltd. (TSXV:MDL,OTC:MLLOF,OTCQX:MLLOF,FWB:MRDN) is pursuing near-term magnet metal production by exploiting by-product monazite. The rare earth elements (REEs) neodymium and praseodymium (NdPr) are the key input material for powerful permanent magnets. These high-powered rare earth magnets are required for the growing demands of vehicle electrification, wind power generation and robotics. China’s domination of the REEs market is a significant supply chain headache for North American and European technology manufacturers, only aggravated further by the recently imposed US tariffs on Chinese sourced rare earths.

Swiss investment bank UBS recently projected dramatic growth in the demands for NdPr based upon expected growth of the electric vehicle (EV) and plug-in EV hybrid vehicle marketplace. Working with its refining partner Rare Earth Salts Separations and Refining (RES), a US-based materials technology company, Medallion aims to meet this increasing demand for strategic magnet metals. By utilizing the by-product mineral monazite, this can be done quickly and cheaply and Medallion is targeting North America for its first production.

Keep reading...Show less

Rethinking Rare Earths Resource Development

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
Altech Batteries Ltd  CERENERGY Battery Prototype Reaches Key Milestones

Altech Batteries Ltd CERENERGY Battery Prototype Reaches Key Milestones

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the latest performance results of the CERENERGY(R) cell and battery pack prototypes. These results confirm the technological maturity and robustness of the CERENERGY(R) technology and mark another decisive step towards industrialisation.

Highlights

- 650+ cycles with no capacity loss, proving exceptional material stability and long operational lifespan compared to conventional batteries

- Near 100% Coulombic efficiency, confirming minimal side reactions and strong intrinsic safety of sodium nickel chloride chemistry

- High energy efficiency of up to 92%, surpassing typical 70-80% levels of competing battery technologies

- Proven safety under extreme conditions - cells remained stable during overcharge, deep discharge, and thermal cycling up to 300 degC with no gassing, leakage, or rupture

- Robust and reliable chemistry - sodium nickel chloride avoids flammable electrolytes and runaway risks, confirming suitability for safe, large-scale grid and renewable energy storage

- ABS60 prototype validated under real-world conditions -tested across diverse load profiles, high-current pulses up to 50 A, and thermal variations

- Stable, efficient performance - achieved ~88% round-trip efficiency with no observable capacity fade over 110+ cycles

CELL PERFORMANCE

The CERENERGY(R) prototype cells have successfully completed over 650 charge-discharge cycles without any detectable capacity loss. Cycle life is a critical measure of battery durability, as most conventional batteries experience gradual degradation with every cycle. Achieving such performance highlights the outstanding stability of the materials and points to the potential for a long operational lifespan.

For stationary energy storage systems (ESS), this translates into fewer battery replacements, lower lifetime operating costs, and greater reliability for end users.

The cells also delivered nearly 100% Coulombic efficiency alongside an energy efficiency of up to 92% across 650 cycles. Coulombic efficiency reflects the proportion of charge recovered during discharge relative to what was supplied during charging. A value approaching 100% indicates minimal side reactions or parasitic losses, confirming the intrinsic stability and safety of sodium nickel chloride chemistry. This high efficiency demonstrates that the cells are not expending energy on unwanted processes such as electrode degradation. Such performance is vital for scalability, ensuring reliable, longterm operation in commercial energy storage applications.

Energy efficiency represents the proportion of energy delivered relative to the energy supplied. Competing technologies, including conventional high-temperature batteries and many flow batteries, typically achieve only around 70-80%. By reaching 92%, CERENERGY(R) positions itself in a highly competitive class, offering more cost-effective energy storage, stronger economics for grid operators, and seamless compatibility with the requirements of renewable energy integration.

The cells achieved a nominal capacity of 100 Ah and 250 Wh, with reliable performance even at higher discharge rates. A key feature is their ability to support multiple daily charge-discharge cycles within the 20-80% state of charge (SoC) range at 25 A. This capability positions CERENERGY(R) as a highly flexible solution for grid operators and energy storage providers, enabling cost-efficient, long-life performance in applications that demand frequent cycling such as renewable integration, peak shaving, and backup power.

CERENERGY(R) prototype cells underwent rigorous abuse testing, including overcharge to 4 V, deep discharge to 0.2 V, and thermal cycling between room temperature and 300 degC. In all cases, the cells remained stable with no gassing, leakage, or rupture -clear proof of their outstanding safety. These results highlight the intrinsic stability of sodium nickel chloride chemistry, which avoids the flammable electrolytes and runaway risks common in lithium-ion batteries. The ability to withstand extreme electrical and thermal stress demonstrates CERENERGY(R)'s robustness and confirms its suitability for safe, largescale deployment in grid, renewable, and industrial energy storage applications. This was achieved over 3 cycles with 1.8 Full Charge Equivalent (FCE) into 22 hours.

BATTERY PACK ABS60 (60 kWh) PROTOTYPE

The first ABS60 battery pack prototype has been successfully validated under real-world operating conditions, marking a major step forward in product readiness. Testing included diverse load profiles,

continuous discharges at 25 A (equivalent to C-rate of C/4 (discharges in 4 hours), or one-quarter of the pack's rated capacity per hour) at 80% depth of discharge (DoD), short-duration high-current pulses up to 50 A, and carefully controlled thermal variations.

The pack consistently demonstrated stable performance, achieving ~88% round-trip efficiency while maintaining reliable thermal management. Efficiency refers to the proportion of input energy that can be retrieved during operation-a critical measure of economic viability for large-scale storage. Over more than 110 cycles, results showed no observable capacity fading and only a slight increase in internal resistance. Capacity fading refers to the gradual decline in usable energy over repeated cycles, while internal resistance influences power delivery and heat generation.

The absence of meaningful degradation confirms the durability and electrochemical stability of the ABS60 design. These outcomes are highly significant as they demonstrate that the pack can withstand real-world duty cycles while retaining performance and efficiency, translating into longer service life, fewer replacements, and lower total cost of ownership.

For grid operators and renewable integration projects, this combination of robust cycling capability, efficiency, and thermal stability underscores the ABS60's commercial readiness and competitive advantage in the stationary energy storage market.

These results are a strong confirmation of CERENERGY(R)'s technological leadership and a clear signal of the technology's competitiveness and robustness for future applications in energy storage and industrial markets.

Group Managing Director, Iggy Tan said "These results confirm CERENERGY(R)'s robustness and readiness for market adoption. Demonstrating long cycle life, high efficiency, and unmatched safety, we are now strongly positioned to deliver a competitive and sustainable alternative for grid and industrial energy storage."

*To view photographs, tables and figures, please visit:
https://abnnewswire.net/lnk/17QS44T3



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Battery Anode Material Refinery - Design & Location Update

Battery Anode Material Refinery - Design & Location Update

Metals Australia (MLS:AU) has announced Battery Anode Material Refinery - Design & Location Update

Download the PDF here.

IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

Rapid Critical Metals (RLL:AU) has announced IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

Download the PDF here.

Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

FN Media Group News Commentary - Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: "A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels." Active companies in the markets this week include: Saga Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×