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
Lithium Universe Ltd  Interview with Executive Chairman

Lithium Universe Ltd Interview with Executive Chairman

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce an interview with Executive Chairman, Iggy Tan at the recent Lithium Supply & Battery Raw Materials Conference in Las Vegas. The interview was conducted by The Rock Stock Channel.

Interview Highlights

- Discussions with potential spodumene feedstock offtakers ongoing

- Further talks with potential OEMs on battery grade lithium carbonate offtake

- All work completed on Becancour Lithium Project - waiting for lithium market recovery

- Acquisition of global rights photovoltaic (PV) solar panel recycling technology

- "Microwave Joule Heating Technology" (MJHT) from Macquarie University

- Utilizes microwave technology to selectively heat and delaminate PV cells

- Today only 15% of waste solar cells are recycled, rest end up in land fill

- Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

- To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Lithium Universe Ltd  PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Lithium Universe Ltd PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now completed legal due diligence to its absolute satisfaction. As such, the Company is now progressing towards completion of the Acquisition (defined below).

ACQUISITION DETAILS

As detailed in the Announcement, the Company has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. The rights will be secured via an exclusive licensing agreement with Macquarie University (MQU), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (NAM). The transaction will be effected by the Company acquiring 100% of the issued share capital of NAM (Acquisition).

As disclosed in the Announcement, completion of the Acquisition was conditional on the Company completing legal due diligence. This has now been completed to the satisfaction of the Company.

Completion was also conditional on the Company, NAM and MQU entering into a variation to the licensing agreement to reflect the change in ownership of NAM. The parties have since agreed in writing to waive this condition to allow completion of the Acquisition to proceed, with the variation to be entered into with MQU as soon as practicable following completion.

The Company will now proceed to the acquisition of NAM.

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×