Medallion Resources reveals it is in talks about costs of its planned monazite rare earth processing plant

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1 UK: +44 (0)207 989 0813 NA: +1 646 896 3065 AU +61 2 9280 0700 [email protected] Medallion Resources 14:26 01 May 2019 C$0.095 Price: Medallion Resources reveals it is in talks about costs of its planned monazite rare-earth processing Market Cap: C$3.64M plant 1 Year Share Price Graph Medallion Resources Ltd (CVE:MDL) (OTCMKTS:MLLOF) updated on progress, saying it had started talks with engineering groups regarding a study to determine the capital and operating costs for its proposed rare-earth processing plant. The Vancouver-based firm is focused on extracting rare earths from monazite, which is a byproduct of heavy mineral sands mining. READ THE DEEP DIVE: Medallion Resources drawn to smarter production of critical magnet metals Share Information Unlike traditional rare earths mining, which can be laborious and expensive, MDL Code: Medallion is pioneering a process that extracts what is known as magnet TSX-V Listing: metals, or more specifically neodymium and praseodymium (NdPr), from 52 week High Low monazite. C$0.08 C$0.17 Currently, the company has development work in progress at the Mining Sector: Saskatchewan Research Council (SRC) and the Chemical Engineering & www.medallionresources.com Website: Applied Chemistry Department at the University of Toronto. Company Synopsis: "These current projects will answer key questions about our waste stream and Medallion is preparing to produce rare-earth process optimization work and move us much closer to a formal economic magnet materials in North America through the processing of by-product monazite study," said Kurt Forrester, Medallion's metallurgist. sands in a modern, clean, safe, and automated process. Our approach is to "We are entering into discussions with engineering groups on a study to extract and market a rare-earth concentrate determine capital and operating costs for our proposed monazite rare-earth with significant time and cost savings processing plant." versus conventional hard rock mining. At the SRC, researchers are analyzing waste streams produced from additional Author: "crack and leach" testwork on monazite sand feedstock. Proactive Investors Ltd +44 (0)207 989 0813 The findings and samples will then be shared with waste processors and [email protected] disposal firms for review. Meanwhile, Toronto's Chemical Engineering & Applied Chemistry Department are generating data to establish precise thermodynamic models of the phosphate conversion and caustic regeneration projects. Significant cost savings The company expects the work to potentially provide significant cost savings during plant operations. "The timing of this work coincides nicely with the market interest we're seeing in rare-earth magnet metals and in our NdPr-rich concentrate," noted Don Lay, president and CEO of Medallion on Wednesday. "With our recent capital raise we can move more quickly to evaluate potential plant sites in North America and work with www.proactiveinvestors.co.uk www.proactiveinvestors.com www.proactiveinvestors.com.au ca.proactiveinvestors.com www.proactiveinvestors.de www.proactiveinvestors.com.hk China United Kingdom Australia Canada Germany North America www.proactiveinvestors.co.uk The Business Centre 6 Wool House, 74 Back Church Lane London, E1 1AF United Kingdom Company No. 05639690 VAT No. 87207082

2 feedstock suppliers to ensure timing and quality of monazite feedstock." Today, Medallion shares slipped 5% in Toronto to $0.095. Contact Giles at [email protected] Follow him on [email protected] Proactive Investors facilitate the largest global investor network across 4 continents in 4 languages. With a team of analysts journalists & professional investors Proactive produce independent coverage on 1000's of companies across every sector for private and brokers, fund private client international investor communities. investors, managers Contact us [email protected] +44 (0)207 989 0813 No investment advice Proactive Investors is a publisher and is not registered with or authorised by the Financial Conduct Authority (FCA). You understand and agree that no content published constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information data may not be current and should not be relied upon. and www.proactiveinvestors.com.hk www.proactiveinvestors.co.uk www.proactiveinvestors.com www.proactiveinvestors.com.au ca.proactiveinvestors.com www.proactiveinvestors.de China North America Australia Canada Germany United Kingdom VAT No. 87207082 www.proactiveinvestors.co.uk The Business Centre 6 Wool House, 74 Back Church Lane London, E1 1AF United Kingdom Company No. 05639690 Powered by TCPDF (www.tcpdf.org)

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