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Gamma Resources Ltd. (MLLOF) reports developments tied to its uranium exploration portfolio, including the Green River Project in Utah and the Mesa Arc Project in New Mexico. Recent updates have covered exploration permitting steps, proposed drilling activity, land-position information, and governance changes.
Earlier MLLOF news under the Medallion Resources name covered the issuer's critical-minerals strategy, rare earth element extraction from monazite, the Medallion Monazite Process, the terminated ligand assisted displacement chromatography license, board and management changes, and promissory-note amendments.
Gamma Resources (OTCPK:MLLOF) submitted a Notice of Intent to the U.S. Forest Service on February 23, 2026 for an exploration drill program at its Mesa Arc Uranium Project in New Mexico. The program contemplates 10–12 holes to depths up to 500 ft, construction of 50' x 50' drill pads, about 800 ft of new access road, use of existing MVUM roads, and temporary on-site staging for an estimated 30 days.
Gamma is preparing a formal Plan of Operations and engaging in the NEPA review process with the Forest Service to advance permitting, validate historical data, and test regional uranium-hosting stratigraphy and structures.
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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.