|Bid||0.10 x 0|
|Ask||0.11 x 0|
|Day's Range||0.10 - 0.11|
|52 Week Range||0.08 - 0.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
“Kurt Forrester and I just returned from Saskatchewan and Nebraska where we met with representatives from the Saskatchewan Research Council and Rare Earth Salts to hold key meetings on process development and commercialization of the Company’s monazite-derived feedstock,” said Don Lay, Medallion’s President and CEO. The Saskatchewan Research Council’s (“SRC”) technical staff and Kurt Forrester PhD, Medallion’s consulting metallurgist, conducted a thorough review of the results of the bench-level testwork, which was reported in the Company’s news releases dated March 22, 2018 and March 28, 2018.
Medallion Resources Ltd. (MDL.V) (MLLOF) (MRDN.F) (“Medallion” or the “Company”), today announced that it is shipping a sample of its magnet metal-rich, rare earth concentrate to Rare Earth Salts Separations & Refining LLC (“RES”), a US-based materials technology company, for evaluation. In June of 2017, Medallion partnered with RES to jointly produce, market and share revenues from the sale of finished rare earth products to meet the growing global demands as the key input for lightweight and high-powered rare earth magnets. Virtually all current and planned hybrid and electric vehicles require rare earth magnets in the electric traction motors powering the vehicle.