MEDALLION RESOURCES LTD

( MDL TSXV - MLLOF OTC )

CEO UPDATE - Unusual Activity Report  -Rare Earth Metals - Caesars Report  

[If you see this note, Kitco may be down]

Top Miner -  Rare Earth Minerals - Latest Interview - Web Site - Financials - Presentation - Fact Sheet

Rare earth metals are used in powerful magnets used to drive electric motors among other uses. The world is going electric and rare earth metals will be in high demand.   Rare Earth Miner Soars On Takeover Bid - Chinas Nuclear Option  - Rare Earth Metals Surge

This company is at the forefront of technology making magnets ( Electric Motors ) more powerful yet lighter. Serious Investors should listen to Don Lay's interview with Market One Media .

Medallion to Evaluate US and Canadian Jurisdictions for Rare Earth Plant

VANCOUVER, British Columbia, July 09, 2019 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), pursuing smart production of magnet metals, announced it is seeking third party proposals to advance its development of a North American rare-earth extraction plant. One proposal calls for evaluation of logistics and plant siting options in both the US and Canada; while the other, development of the process engineering design for Medallion’s rare-earth flowsheet.

“In the last two months, rare earths have been front and centre due to the Chinese-US trade friction and their growing importance in the electrification of transportation, particularly EVs. As a result, prices of the key magnet metals such as NdPr, have moved up over 25% during that period,” said Don Lay, President & CEO. “We feel it is the right time to initiate the evaluation of plant sites for a commercial monazite processing plant as a key part of re-building a North American rare earth value chain.”

Rare-Earth Production Facility — Logistics and Facility Siting Studies

Medallion is planning to commission several preliminary trade-off studies to investigate the integration of processing and transport nodes. These studies will assess suitable jurisdictions for the proposed monazite “crack and leach” plant as well as the upstream and downstream logistic issues related to the transport of monazite sand feedstock, re-agents, produced products and waste material to and from potential project locations. Jurisdiction and location selection will address factors including:

  • Access to and costs of re-agents such as sodium hydroxide and hydrochloric acid, energy, and human resources;
  • Permitting; and
  • Social and environmental impacts.

Extraction Flowsheet — Process Engineering Design

The process engineering work will start with the development of a robust process model for Medallion’s continuous monazite rare-earth extraction flowsheet including a mass and energy balance for the complete process. This is an important step ahead of plant engineering specifications and determining the related capital and operating cost estimates.

The basis of the process model will be to capture the extensive process development and testwork conducted to date—most of it conducted at the Saskatchewan Research Council (SRC). The current program of metallurgical testwork at the SRC as well as the research program at the University of Toronto, as described in Company news releases dated January 31, 2019 and March 20, 2019, will be completed shortly and reported on. This work provides important input to the process engineering design project.

Both the Logistics and Facility Siting Studies and Process Engineering Design projects will advance ahead of undertaking a formalized economic study such as a preliminary economic assessment (PEA) and provide valuable input to such a study.

Stock Option Grant

Medallion, pursuant to its stock option plan, has granted stock options covering 345,000 shares at an exercise price of $0.185 per share for a period of five years to officers and directors of the Company.

About Medallion Resources

Medallion is preparing for near-term production of rare-earth magnet materials in North America through the processing of by-product monazite sand—in a modern, clean, and automated process. Monazite sand is rich in rare-earth elements neodymium and praseodymium (also known as “NdPr”) which are critical input for lightweight and powerful rare-earth magnets. Rare-earth magnets are essential to Automotive and Robotics (electric motors), Defense (Missile Guidance Systems), and Clean Energy (Wind Turbines) industries. Given the dominance of China as a rare-earth producer and tense global trade relations, automakers and other industry groups are seeking non-China sources to meet increasing demands for NdPr. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and safe management of waste materials. More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact: Donald Lay, President & CEO at +1.604.681.9558 or info@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 content 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 the completion of additional tranche(s) of the Offering and the intended use of the proceeds. 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. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. 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.

 

Medallion Provides Update on Process Development Projects

VANCOUVER, British Columbia, May 01, 2019 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), pursuing smart production of magnet metals, today provides an update on its process development work now in progress at the Saskatchewan Research Council (SRC) and the Chemical Engineering & Applied Chemistry Department at the University of Toronto.

“These current projects will answer key questions about our waste stream and process optimization work and move us much closer to a formal economic study,” said Kurt Forrester, PhD, Medallion’s metallurgist. “We are entering into discussions with engineering groups on a study to determine capital and operating costs for our proposed monazite rare-earth processing plant.”

More about our projects

  • To optimize the Company’s approach to the safe and economical management of waste materials, the SRC is analysing waste streams produced from additional “crack and leach” testwork on monazite sand feedstock. Following completion of this work, the findings and samples will be shared with waste processors and disposal firms for review and guidance.
  • To streamline process design, researchers at the University of Toronto’s Chemical Engineering & Applied Chemistry Department are generating solubility data to establish precise thermodynamic models of the phosphate conversion and caustic regeneration projects. The Company expects this work to potentially provide significant cost savings during plant operations.

“The timing of this work coincides nicely with the market interest we’re seeing in rare-earth magnet metals and in our NdPr-rich concentrate,” said Don Lay, President & CEO of Medallion. “With our recent capital raise we can move more quickly to evaluate potential plant sites in North America and work with feedstock suppliers to ensure timing and quality of monazite feedstock.”

A current top-level process flow diagram of Medallion’s can be seen here:

http://www.globenewswire.com/NewsRoom/AttachmentNg/e5c068a7-4d2a-46a9-938b-cf01978134e4

About Medallion Resources

Medallion is preparing for near-term production of rare-earth magnet materials in North America through the processing of by-product monazite sand—in a modern, clean, and automated process. Monazite sand is rich in rare-earth elements neodymium and praseodymium (also known as “NdPr”) which are critical input for lightweight and powerful rare-earth magnets. Rare-earth magnets are essential to Automotive and Robotics (electric motors), Defense (Missile Guidance Systems), and Clean Energy (Wind Turbines) industries. Given the dominance of China as a rare-earth producer and tense global trade relations, automakers and other industry groups are seeking non-China sources to meet increasing demands for NdPr. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and safe management of waste materials. More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at 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 content 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 the completion of additional tranche(s) of the Offering and the intended use of the proceeds. 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. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. 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.


$630,000 Private Placement

Medallion Resources Ltd. (TSXV:MDL; OTC:MLLOF; Frankfurt:MRDN) – “Medallion” or the “Company”), pursuing smart production of magnet metals, today announces that it is amending the terms, and increasing the size, of its non-brokered private placement (the “Private Placement”), which was originally announced in a news release of the Company earlier today.

Medallion Resources Ltd. (TSXV:MDL; OTC:MLLOF; Frankfurt:MRDN) – “Medallion” or the “Company”), pursuing smart production of magnet metals, today announces that it is amending the terms, and increasing the size, of its non-brokered private placement (the “Private Placement”), which was originally announced in a news release of the Company earlier today.

The size of the Private Placement is increased to up to 7,000,000 units (each, a “Unit”) at a purchase price of $0.09 per Unit for gross proceeds of $630,000. Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one-half of one transferable Common Share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will be exercisable to acquire one additional Common Share at an exercise price of $0.15 for a period of 36 months following the closing of the Private Placement (the “Closing Date”). Certain Medallion directors and officers have arranged to partially fund subscriptions under the Private Placement with proceeds from the sale of Common Shares of Medallion at a price of $0.09 per share through the facilities of the TSX Venture Exchange (the “Exchange”).

The proceeds of the Private Placement will be used to further metallurgical test programs, for customer and feedstock supply development work and for general working capital.  The completion of the Private Placement is subject to the acceptance of the Exchange.

Medallion has agreed to pay finders’ fees to arm’s length finders of up to 8% of the gross proceeds funded by outside parties, payable in cash or Units, at the election of the finder, and will also grant finders’ options (“Finders’ Options”) equal to up to 8% of the Units sold through qualified finders. Each Finders’ Option will be exercisable to acquire one Common Share at an exercise price of $0.09 for a period of 24 months from the Closing Date.

All securities issued in connection with the Private Placement will be subject to a four-month hold period from the Closing Date, pursuant to applicable securities laws and the policies of the Exchange. The securities issued in connection with the Private Placement have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale, or solicitation would be unlawful.

About Medallion Resources
Medallion Resources is developing an approach for 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. 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. More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Donald Lay, President & CEO at +1.604.681.9558 or info@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 content 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 the increase in the size of the Private Placement and the completion and the use of the proceeds of the Private Placement. 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. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. 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.

Click here to connect with Medallion Resources Ltd. (TSXV:MDL, OTC:MLLOF, Frankfurt:MRDN) for an Investor Presentation.

The views expressed in any and all content distributed by Newstex and its re-distributors (collectively, the "Newstex Authoritative Content") are solely those of the respective author(s) and not necessarily the views of Newstex or its re-distributors. Stories from such authors are provided "AS IS," with no warranties, and confer no rights. The material and information provided in Newstex Authoritative Content are for general information only and should not, in any respect, be relied on as professional advice. Newstex Authoritative Content is not "read and approved" before it is posted. Accordingly, neither Newstex nor its re-distributors make any claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained therein or linked to from such content, nor do they take responsibility for any aspect of such content. The Newstex Authoritative Content shall be construed as author-based content and commentary. Accordingly, no warranties or other guarantees are offered as to the quality of the opinions, commentary or anything else appearing in such Newstex Authoritative Content. Newstex and its re-distributors expressly reserve the right to delete stories at its and their sole discretion.

News Provided by Online Publications via QuoteMedia


Medallion Secures Funding from the Government of Canada for Final Process Test work

VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF – “Medallion” or the “Company”), will receive up to $50,000 in funding from the federal government through the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the final major test work of its rare earth element (REE) extraction process development.

This test work project, with a total budget of about $80,000, will be carried out by the Saskatchewan Research Council (SRC) and focus on processing routes and analysis of major waste streams, especially those containing radioactive elements. The non-dilutive NRC IRAP funding is projected to cover over 60% of project costs.

“Our process development work to date has demonstrated extraction and production of both a commercial-ready rare earth chemical concentrate and a phosphate by-product from monazite sand,” said Kurt Forrester, PhD, Medallion’s metallurgist.  “The new test work to be undertaken by the SRC will produce discrete waste streams, allowing us to engage with processors and waste management firms to determine disposal options and costs related to uranium and thorium. Understanding this important aspect of material flow will enable us to estimate capital and operating costs on our proposed monazite REE extraction plant in North America.”

The funding will accelerate process development and be funded over a four-month period, starting February 1, 2019. In order to receive the contribution from NRC IRAP, Medallion must meet all conditions of the contribution, which include maintaining adequate records and submitting periodic status reports. More information can be found here: nrc-cnrc.gc.ca/eng/irap/

Medallion Strategy

Medallion is developing a modern, safe and automated process to extract REEs from monazite tailing streams. Monazite sand is available as a by-product from heavy mineral sands mining operations and is recognized by the US Geological Survey as an important commercial source of REEs.

Medallion has established relationships with heavy-mineral sand miners and believes commercial agreements can be negotiated as plant design, available monazite feedstock and potential production volumes are aligned during 2019.

By-product monazite represents an important potential source of magnet metals to automakers and other industrial groups seeking alternative REE sources to offset China’s dominance of the rare earth production and processing value chain. Also, given the geopolitical sensitivity of rare earths and associated environmental issues, established mining groups are receptive to a safe and reliable outlet for their monazite tailing stream resources.

About Medallion Resources

Medallion Resources is pursuing near-term magnet metal production, firstly in North America, by exploiting by-product monazite. Monazite is a rare earth element (REE) mineral containing significant amounts of the key magnet metals neodymium and praseodymium (NdPr). NdPr is the key input material for the high-powered permanent rare earth magnets required for growing demands of vehicle electrification, wind power generation and robotics. Monazite is widely available as a by-product from heavy mineral sand mining operations and has a history as a commercial REE resource. 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. More about Medallion: 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 content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements regarding the efficiency of RES and the Company’s REE extraction methods, the continued partnership of Medallion and RES and the establishment of a North American production chain for the extraction of REEs. 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. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. 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.

    Thu Jan 31st, 2019

     

     

MiningNewsReporter.com is a subsidiary of Target Publishing Inc, and is a leading publisher of todays market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. We have been paid cash only for this report . We do not take shares in payment for our work .o

A complete disclaimer can be viewed 
HERE