Medallion Resources Ltd. is pleased to report that during the quarter ended September 30, 2020 shareholders have exercised warrants and options for gross proceeds of approximately $741,000. The warrants and options were priced between $0.10 and $0.32 with an average exercise price of $0.21 per share. “The recent over subscribed financing, in combination with the progressive exercise of warrants and options, has provided [...]
Medallion Resources Ltd. is pleased to announce the initiation of a comprehensive comparative technical and commercial review of existing and emerging rare-earth element separation technologies. Medallion’s REE extraction process from monazite has achieved the technical milestones needed to consider binding downstream partnerships, while the Company’s improved financial position is enabling stronger [...]
Medallion Resources Ltd. is pleased to announce the commencement of further rare-earth element process optimization test work at the Saskatchewan Research Council. The SRC has been a long-term research partner of Medallion, instrumental in the delivery of data for the design of Medallion’s proprietary REE- extraction technology that utilizes the REE-rich mineral monazite. The current test work will provide additional [...]
Medallion Resources Ltd. is pleased to announce it has closed its $1,600,000 non-brokered private placement, with lead investments by Talaxis Limited and Amvest Capital, to fund development of the Company’s new North American-focused rare-earth element supply chain consortium. “We are delighted to have been able to invest in Medallion, building on our central role in the Company’s REE consortium. This is a very exciting [...]
Medallion Resources Ltd. is pleased to announce it has agreed to a $1,500,000 non-brokered private placement, pursuant to which it will issue up to 10,000,000 units at a purchase price of $0.15 per Unit for gross proceeds of up to $1,500,000. Each Unit will consist of one common share in the capital of the Company and one-half of a transferable Common Share purchase warrant , exercisable to acquire one additional Common [...]
Medallion Resources announces the appointment of Robert Doyle, CPA, CA, as the Company’s new Chief Financial Officer and Corporate Secretary. Bob is a principal of Pacific Opportunity Capital, a highly regarded Vancouver-based corporate services firm. “It’s great to receive the input of Bob and the support of the Pacific Opportunity team as we focus on building the company,” said Mark Saxon, Medallion President & CEO [...]
Medallion Resources Ltd. is pleased to announce it has entered into a services agreement with Singapore-based Talaxis. The non-binding Memorandum of Understanding specifies the terms for a close working relationship whereby Talaxis delivers to Medallion support for the global sourcing and transport of monazite, along with marketing of finished products from Medallion’s proposed rare-earth element extraction plant [...]
Medallion Resources is pleased to announce its participation within a newly formed technical and financial consortium aimed at accelerating the development of a comprehensive rare-earth element supply chain within the United States. The consortium comprises financial and industry partners including leading financial advisory firm Amvest Capital Inc., a current Medallion investor. The consortium is in discussions with [...]
Medallion Resources pursuing smart production of NdPr magnet metals, today announced it has closed its non-brokered private placement, as announced June 16, 2020, for gross proceeds of $250,000. The Private Placement consisted of 2,500,000 units at a purchase price of $0.10 per Unit. Each Unit will consist of one common share in the capital of the Company and one-half of a transferable Common Share purchase warrant . Each [...]
Medallion Resources is pleased to announce the arrangement of a non-brokered private placement of up to 2,500,000 units at a purchase price of $0.10 per Unit for gross proceeds of up to $250,000. The Company was presented with the opportunity to complete this small financing with long-standing investors,” said Mark Saxon, Medallion President & CEO. The financing allows us to press forward with business opportunities in [...]
Medallion Resources is pleased to provide an update on the Company’s strategy to develop a secure, 100% domestic supply chain for rare earth elements within the United States. Medallion is executing on a unique technology-led business model that can deliver the most critical magnet REEs quickly and cost-effectively. Key Points Medallion is developing proprietary technology to extract REEs from mineral sand mining [...]
Medallion Resources today announced it has appointed Mr. Mark Saxon, as President & CEO of the Company, effective May 25, 2020. Mr. Saxon is an experienced and respected public market executive, with substantial experience in rare earth elements and other critical raw materials. Current President & CEO Don Lay will transition to a strategic advisor role and remain on the board of directors and an officer to support the [...]
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