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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.
Medallion Resources Ltd. (OTCPK: MLLOF) announced that shareholders exercised warrants and options, generating approximately $741,000 in gross proceeds during Q3 2020. The average exercise price was $0.21 per share, with prices ranging from $0.10 to $0.32. This financing enhances the company's working capital, facilitating its strategy to develop a rare earth element supply chain in North America. Medallion has partnered with Talaxis Ltd. to source monazite feedstock, crucial for REE production due to its high REE content, essential for various technological applications.