Medallion Resources today reports the completion of Process Engineering Design for its proprietary extraction of a rare-earth element concentrate. Summary of this news Completion of an extensive Process Engineering Design project for the extraction of REE from monazite sand, including detailed process flow diagrams and full waste management solutions. Project provides the requirements for a Techno-Economic Assessment that [...]
Medallion Resources announced that is has received inquiries from several rare-earth element 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, directed toward light REE processing and separation. Medallion’s proposed [...]
Medallion Resources has engaged international engineering group Stantec to evaluate sites in the United States for its rare-earth element extraction plant using feedstock sourced from the Southeast United States. Medallion, after many years of testwork and development, has recently completed the design of a proprietary hydrometallurgical process to extract a REE concentrate from by-product monazite sand in a clean, safe [...]
Medallion Resources announces that it is taking the next step toward development of a North American rare-earth element extraction plant. The Company has engaged Australian-based Simulus Engineers, an independent engineering consultancy, to develop the chemical process model to extract a REE concentrate from by-product monazite sand. “This work helps us to define the engineering specifications and the related [...]
Medallion Resources today announced that it has closed the second and final tranche of its non-brokered private placement, as announced in the Company’s news release dated August 2, 2019, for gross proceeds to the Company of $230,754. In aggregate this Offering, including both tranches, was for total gross proceeds of $794,874. The Company recently achieved a major milestone in completing the development of its [...]
Medallion Resources pursuing smart production of magnet metals, announces it has achieved a major milestone in completing the development of its proprietary flow-sheet design to extract a rare-earth element concentrate from by-product monazite sand. “We believe this new flowsheet represents an important improvement in the processing of monazite—holding promise of a highly automated and cost-efficient [...]
Medallion Resources today announced that it has closed the first tranche of its $798,000 non-brokered private placement, as announced in the Company’s news release dated August 2, 2019, for gross proceeds to the Company of $564,120. Medallion has issued an aggregate of 5,372,572 units pursuant to the first tranche of the Offering at a price of $0.105 per Unit. Each Unit consists of one common share of the Company [...]
Medallion Resources announces that the Saskatchewan Research Council has successfully concluded the final major testwork program for Medallion’s rare-earth element extraction process. Medallion is developing the process and business model to quickly get to REE production in North America by processing by-product monazite sand. “This program’s key work, conducted by the SRC, was to produce and analyze [...]
Medallion Resources today announces that it has arranged a non-brokered private placement of 7,600,000 units at a purchase price of $0.105 per Unit for gross proceeds of $798,000. Each Unit will consist of one common share in the capital of the Company and one-half of one transferable Common Share purchase warrant. Each Warrant will be exercisable to acquire one additional Common Share at an exercise price of $0.165 for a [...]
Medallion Resources at the request of the Investment Industry Regulatory Organization of Canada, announces that its management is not aware of any undisclosed material information relating to the Company that may be contributing to the recent increase in its trading activity. About Medallion Resources Medallion is preparing for near-term production of rare-earth magnet materials in North America through the processing of [...]
Medallion Resources 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 [...]
Medallion Resources Ltd. – “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 and the Chemical Engineering & Applied Chemistry Department at the University of Toronto. Byproduct monazite “These current projects will answer key questions about our waste [...]
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