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Medallion Resources Ltd. (OTCQB: MLLOF) announces the completion of a strategic review, aiming to revolutionize the energy transition through critical minerals processing. The company plans to establish a magnetic rare earth evaluation facility utilizing patented methodologies licensed from Purdue University. Medallion expects to finalize a strategic partnership in the UK soon. The company intends to raise at least US$5 million over the next six months for commercialization efforts. Additionally, Medallion will continue to be listed on the TSX Venture Exchange, dropping previous plans for a Nasdaq listing, and seeks shareholder approval for a business change and name change.
Medallion Resources Ltd. announces ACDC Metals Ltd's shares will debut on the Australian Securities Exchange on January 17, 2023, under ticker ADC. ACDC raised A$8 million in its IPO at A$0.20 per share. Medallion owns 7% of ACDC, which could increase to 10.2% upon full conversion of performance rights. ACDC is focused on heavy mineral sand projects and plans to invest A$1.5 million in a pilot plant utilizing Medallion's proprietary Monazite Process (MMP) for extracting rare earth elements (REEs). They are also collaborating on refining REE compounds using Purdue University’s LAD Chromatography.
Medallion Resources Ltd. has appointed Alfredo Ramos Plasencia as President and CEO, succeeding Mark Saxon, who remains a director and VP of Business Development. Dr. Kurt Forrester continues as CTO and director. Under Ramos, the company will focus on mid-stream separation and purification of rare earth oxides using patented LAD Chromatography and proprietary MMP technology. Ramos brings over 20 years of experience in process industries and significant expertise in digital design and manufacturing. The company aims to supply downstream customers in the automotive and electronics sectors with reliable, standardized raw materials.
Medallion Resources Ltd. (OTCQB: MLLOF) has signed a definitive agreement with ACDC Metals Ltd. to utilize its proprietary Medallion Monazite Process (MMP) for extracting rare earth elements (REE) from monazite in heavy mineral sand production. ACDC plans to drill four properties in Victoria, Australia, and is set to fund its Initial Public Offering (IPO) on the ASX before the end of 2022. Medallion currently owns 15% of ACDC and is entitled to up to 8.05 million shares post-commercial production, along with a 2% royalty on sales from ACDC's REE processing.
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