Medallion Resources


US Bans Military Purchase Of Magnets Using Rare Earth Elements From China

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US Announcement Boosts Bullish Sentiment in Rare Earths Sector -  Top Miner

So which companies are actually positioned to benefit from this announcement ?

For the Canadian-headquartered Medallion Resources (TSXV - MDL, OTCQX - MLLOF, FWB - MRDN), the Trump admin announcement is a sort of leveling of the international playing field. These shares are undervalued and serious investors should add these shares to their BUY LIST

A solid base has formed at current levels  We expect another test of the $0.21 years high . Power Trader Buy

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Medallion with an ongoing magnet metal project in Nebraska, Medallion is confident its production plan can provide significant quantities of rare earth over the coming years.

Rare Earth Company Highlights MDL

“The Trump Administration has sent a clear signal that it knows it is strategically exposed to rare earth supplies, this is not news,” said Don Lay, Medallion Resources president and CEO.

“What is news is that it is putting in specific language that it demands rare earth magnets be sourced from non-Chinese sources. So the “rest of the world” now has extra incentive to start to rebuild this value chain so that there are at least alternatives.”

Medallion's CEO Don Lay sees the US’ new stance on permanent magnets as a changing tide for the Japanese and German magnet makers, as well as companies outside of China that can provide material inputs to these magnets.

“That’s where we come in,” added Lay. “Together with our partner Rare Earth Salts we are putting together a rare earth value chainfrom mine to finished rare earth oxidesin North America.”

Following the signing of the John S. McCain National Defense Authorization Act (NDAA) in August, a number of rare earth element producers outside of China have come forward ready to meet American quotas, as well as demand outside the North American nation.

The omnibus document, which covered military spending and procurement, featured one small section forbidding the US military from purchasing Chinese permanent magnets using REE. Similar magnets produced in Iran, Russia and North Korea were also included.

Those few paragraphs contained in the 788-page document have sent a resurgence through the REE sector.

Despite the American military being a relatively small market for REE, optimism has abounded in the space. However, it takes more than optimism to bring a mine into production.


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