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medallion resources ltd (MDL) Snapshot

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01/13/14 - C$0.24
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medallion resources ltd (MDL) Details

Medallion Resources Ltd., a junior resource company, engages in the acquisition, exploration, and evaluation of mineral properties. It evaluates the potential of rare earths, primarily mineral sand-based monazite deposits in the Indian Ocean basin. The company has an option to acquire 100% interest in the Red Wine heavy-rare-earth elements project, which consists of 7 mineral licenses covering an area of 46.5 square kilometers in the northeast of Churchill Falls in Labrador, Canada. Medallion Resources Ltd. was incorporated in 1989 and is based in Vancouver, Canada.

Founded in 1989

medallion resources ltd (MDL) Top Compensated Officers

Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: --
Chief Technical Advisor and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

medallion resources ltd (MDL) Key Developments

Medallion Resources Seeks Acquisitions

Medallion Resources Ltd. (TSXV:MDL) announced on December 11, 2014 that it has closed a first tranche of $0.15 million of its $0.2 million non-brokered private placement announced November 9, 2014. Medallion Resources also announced that it is increasing the private placement by an additional $0.05 million. The proceeds of the offering will be used for lab-scale testing of monazite processing for potential customers, monazite feedstock acquisition activities, and working capital.

Medallion Resources Mulls Acquisitions

Medallion Resources Ltd. (TSXV:MDL) is looking for acquisition opportunities. Medallion Resources announced a non-brokered private placement of up to 4,000,000 million units and proceeds of the Offering will be used for laboratory-scale monazite processing for potential customers, monazite feedstock acquisition activities, and working capital.

Medallion Resources Ltd. Initiates Laboratory-Scale Rare Earth Monazite Processing

Medallion Resources Ltd. announced the initiation of lab-scale extraction tests of rare earths from monazite. The extraction will use the standard commercial monazite process to produce a rare-earth chemical concentrate, co-products and waste materials of the type expected from a commercial operation. The rare-earth concentrate will provide a sample product for discussions with potential customers. The monazite feedstock for the extraction process is provided by a major heavy-minerals-sands producer, who is currently in confidential discussions with Medallion to provide this material on a long-term basis. The extraction process and the resulting products build upon Medallion's previously announced metallurgical process-design work and represent an important step toward process refinement and ultimate commercialization of the Company's monazite strategy. Medallion's rare-earth production strategy is based on entering into long-term monazite supply agreements with reliable heavy-mineral-sands producers. This provides for the aggregation of monazite supply streams, large-scale mine-independent extraction, and marketing of a rare-earth concentrate. Medallion is positioning itself to help satisfy a percentage of non-China demand for rare-earth elements by providing a rare-earth chemical concentrate to downstream separation processors. This approach is expected to have relatively low capital and operating costs, as it uses a high purity, rare-earth-bearing monazite as input and a time-tested, commercially successful metallurgical process to extract the rare earths.


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