- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Medallion Resources Signs MOU with Arab Mining Company
Medallion Resources Ltd (TSXV:MDL,OTCQX:MLLOF,FWB:MRD) signed a memorandum of understanding (MOU) with Arab Mining Company, a Jordan-based, Pan-Arab mining-industry investment firm. The MOU provides Medallion and Arab Mining with a proposed joint-venture framework to develop and finance rare-earth opportunities. These potential opportunities include building separation facilities to produce individual rare-earth oxides from concentrates, exploring and developing heavy-mineral-sands resources, examining by-product processing potential from phosphate and uranium production, and exploring prospective rare-earth mineral properties.
As quoted in the press release:
The MOU grants Arab Mining, for a period of six months, the exclusive right to negotiate terms to invest or participate in a joint venture, controlled and majority-owned by Medallion, which will focus on rare-earth production and processing opportunities within the Arab League nations, including a proposed rare-earth processing facility in Duqm, Sultanate of Oman.
The non-binding MOU provides Medallion and Arab Mining with a proposed joint-venture framework for evaluating secondary, rare-earth opportunities within the Arab League region. These potential opportunities include building separation facilities to produce individual rare-earth oxides from concentrates; exploring and developing heavy-mineral-sands resources; examining by-product processing potential from phosphate and uranium production; and exploring prospective rare-earth mineral properties.
Click here to read the Medallion Resources Ltd (TSXV:MDL,OTCQX:MLLOF,FWB:MRD) press release
Click here to see the Medallion Resources Ltd (TSXV:MDL,OTCQX:MLLOF,FWB:MRD) profile
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â