New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Negative equity (-CA$343k). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.62m market cap, or US$1.91m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Negative equity (-CA$343k). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.28m market cap, or US$2.40m). Aankondiging • Oct 10
Gamma Resources Ltd. announced that it has received CAD 1.32 million in funding On October 9, 2025, the Gamma Resources Ltd closed the transaction by raising CAD 668,940 in second and final tranche. No finders' fees are payable with respect to the second tranche. Insiders of the company have participated in the second tranche for an aggregate of 307,834 shares. New Risk • Sep 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$1.8m). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.61m market cap, or US$3.33m). Recent Insider Transactions • Sep 10
Chairman of the Board recently bought CA$50k worth of stock On the 8th of September, Mark Saxon bought around 417k shares on-market at roughly CA$0.12 per share. This transaction increased Mark's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. New Risk • Sep 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$1.8m). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.54m market cap, or US$2.55m). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). Aankondiging • Aug 26
Gamma Resources Ltd. announced that it expects to receive CAD 1 million in funding Gamma Resources Ltd. announced a non-brokered private placement to issue 8,333,334 units at a purchase price of CAD 0.12 per Unit for gross proceeds of up to CAD 1,000,000.08 on August 25, 2025. Each Unit will consist of one common share and one non-transferable Common Share purchase warrant. Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of CAD 0.18 for a period of 36 months following the closing of the Private Placement (the “Closing Date”). The completion of the Private Placement is subject to the acceptance of the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the Closing Date, pursuant to applicable securities laws and the policies of the TSX Venture Exchange. Aankondiging • Jun 06
GABO Mining Ltd Announces Board Changes GABO Mining Ltd. announced the immediate appointment of Mr. Stephen Goodman and Dr. John R. Carden to the company's Board of Directors. Concurrently, director Mr. John Cunningham has voluntarily stepped down to pursue other opportunities. Mr. Goodman brings 25 years of international experience as an investment banker, executive, and director focused on the metals and mining sector. He has successfully executed over $1 billion in transactions involving leading institutional investors. Past roles include President and CFO, Director of Lion Copper and Gold Corp, and Founder of Falcon Butte Minerals Corp. Dr. John R. Carden is an accomplished exploration geologist with a career that includes past roles in uranium exploration with the US Department of Energy, Exxon Minerals, and Magnum Uranium. He was the Director of US Exploration for Echo Bay Mines and served as Director and geologic consultant for several TSX Venture Exchange-listed companies. Notably, Dr. Carden previously conducted research exploration and drilling efforts for Magnum Uranium in Utah and New Mexico, specifically in areas adjacent to GABO's current uranium property landholdings. In 2009, Magnum Uranium successfully merged its assets and uranium properties into Energy Fuels. Board Change • Apr 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director JC Cunningham was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director JC Cunningham was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$558k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$558k free cash flow). Negative equity (-CA$1.6m). Earnings have declined by 2.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.52m market cap, or US$1.05m). Board Change • Jan 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director JC Cunningham was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 11
Gabo Mining Ltd. announced that it has received CAD 1.208 million in funding On October 10, 2024, Gabo Mining Ltd. closed the transaction. The company announced it has issued 1,050,000 Units at a price of CAD 0.10 per Unit for the gross proceeds of CAD 105,000 in its second and final tranche. New Risk • Aug 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$180k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$180k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$2.1m). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.53m market cap, or US$1.83m). New Risk • Jul 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 110% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$1.9m). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.74m market cap, or US$2.01m). Aankondiging • Jul 02
Gabo Mining Ltd., Annual General Meeting, Aug 30, 2024 Gabo Mining Ltd., Annual General Meeting, Aug 30, 2024. Location: british columbia, vancouver Canada Aankondiging • Feb 27
Gabo Mining Ltd. announced that it expects to receive CAD 1 million in funding Gabo Mining Ltd. announced a non-brokered private placement of up to 10,000,000 units at a purchase price of CAD 0.10 per unit for the gross proceeds of CAD 1,000,000 on February 27, 2024. Each unit consists of one common shares and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.15 for a period of 36 months. The completion of the private placement is subject to the acceptance of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the Closing Date. Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director David Shaw was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 28
Medallion Resources Ltd. Announces Board Changes Medallion Resources Ltd. announced that Rod McKeen and Andrew Morden have resigned from the Board of Directors, effective immediately. Mark Saxon, a current Director, will assume the role of Chairman. The Company also announced the appointment of John C. (JC) Cunningham as Director. Mr. Cunningham currently serves as the President of VLP Inc., a renowned consulting firm specializing in navigating the intricacies of the public markets. Under his stewardship, VLP Inc. has earned a reputation as a trusted partner for companies seeking to optimize their performance, achieve strategic objectives, and enhance shareholder value. New Risk • Jul 28
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$362k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$362k). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.86m market cap, or US$2.92m). Aankondiging • Jun 07
Medallion Resources Ltd. announced that it expects to receive CAD 2 million in funding Medallion Resources Ltd. announced a non-brokered private placement and it will issue up to 40,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 2,000,000 on June 6, 2023. Each unit will comprise one common share of the company and one-half of one common share purchase warrant, each whole warrant entitling the holder to purchase an additional common share of the Company at CAD 0.075 per share at any time within three years of closing of the offering, except that the number of warrants that may be exercised by any purchaser at any time shall not cause the purchaser to beneficially own more than 19.9% of the company’s total issued capital at the time of the exercise. The company may pay finder’s fees, as permitted under the policies of the TSX Venture Exchange, in respect of units placed with the assistance of registered securities dealers. The units issued will be subject to the four-month resale restriction as required by the TSXV. The offering may be closed in one or more tranches with final close on or before June 30, 2023 and is subject to the approval of the TSXV. Units purchased by United States residents will be issued pursuant to the exemption afforded under the U.S. Securities Act of 1933, as amended. The resale of such units shall be subject to U.S. Securities Act of 1933 and applicable state securities laws. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President, CEO & Director Alfredo Plasencia was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President, CEO & Director Alfredo Plasencia was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 08
Medallion Resources Ltd. Appoints Douglas Newby as Corporate Secretary Medallion Resources Ltd. appointed Douglas Newby as Corporate Secretary. Mr. Newby has extensive and diverse experience in finance, financial management, and project evaluation and implementation primarily focused on industrial, precious, and specialty metals including rare earth elements and lithium. He has held senior positions with global investment banks, and from 2005 until 2017 was CFO of PolyMet Mining Corp., where he managed the transition from the TSX Venture Exchange to the NYSE American and TSX. He was instrumental in implementation of Sarbanes Oxley (SOX) financial controls, and was a key part of establishing and managing that Company's relationship with Glencore plc. Aankondiging • Jun 07
Medallion Resources Ltd. Announces Executive Changes Medallion Resources Ltd. announced appointment of Mr. Douglas Newby as the company’s new chief financial officer. Mr. Newby has extensive and diverse experience in finance, financial management, and project evaluation and implementation primarily focused on industrial, precious, and specialty metals including rare earth elements and lithium. He has held senior positions with global investment banks, and from 2005 until 2017 was CFO of PolyMet Mining Corp. Douglas was instrumental in implementation of Sarbanes Oxley (SOX) financial controls, and was a key part of establishing and managing that Company’s relationship with Glencore plc. Upon completion of the planned up-listing to the Nasdaq capital market, Mr. Newby’s role will expand to a fulltime position. The company thanks Bob Doyle for his contribution to Medallion as CFO over the past two years and his continued support to ensure a smooth transition. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Chairman of the Board Rod McKeen is the most experienced director on the board, commencing their role in 2006. Independent Director David Shaw was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 03
Medallion Resources Ltd. Updates on Success of Rare Earth Element Separation Technology and Status of Techno-Economic and Life Cycle Assessments Medallion Resources Ltd. announced the successful separation and purification of the magnetic rare-earth elements (REE) neodymium (Nd) and praseodymium (Pr), from US-sourced mineral sand monazite. This is a significant milestone for the Company and highlights the value-add opportunity created by the recent exclusive licensing of the Ligand Assisted Displacement (LAD) Chromatography method and underlying patents from Purdue University. Medallion Separates Neodymium and Praseodymium using LAD Chromatography; Utilizing the Medallion Monazite Process, the Company extracted REEs from monazite sourced from an operational mineral sand mine in the eastern USA, into a pregnant leach solution (PLS); This PLS was passed into the LAD Chromatography process and the target REEs Nd and Pr were extracted directly from solution without the need for additional conditioning or purification of the PLS; The high efficiency of the LAD method is in part enabled by the ability to directly extract the highest value and most critical REEs from solution at high purity. Progressive group separation of all REEs (as required by the incumbent solvent extraction method) is not needed within the LAD Chromatography system; Published test work by Purdue University demonstrates >99% recovery of REE from solution by the LAD method; The LAD method can equally be applied to the direct extraction of heavy REEs dysprosium (Dy) and terbium (Tb) from solution, which will form the basis of additional test work; LAD Chromatography can be considered an environmentally friendly process, as it is highly efficient and does not depend upon solvents from the petrochemical industry. The technology was highlighted in a 2020 article in The Journal of Green Chemistry “Two-zone ligand-assisted displacement chromatography for producing high-purity praseodymium, neodymium, and dysprosium with high yield and high productivity from crude mixtures derived from waste magnets”; Monazite is an REE rich (up to 60% REE) mineral that can be accessed in large volume as a by-product from heavy mineral sand mines in the US, Australia, Africa, and elsewhere. It is consistently enriched in the high-demand metals Nd and Pr which are essential for high strength permanent magnets used in electric vehicles, wind turbines, communication devices and robotics; Medallion is developing transferable and scalable technologies for the extraction REEs from monazite. The technologies can be placed in the most economically and environmentally suitable locations to reduce the CO2 impact of REE production caused by inefficient processes and long-distance transport of raw materials; and Medallion is utilizing Life Cycle Assessment to ensure lowest environmental impact process decisions are made. The LAD Chromatography method was developed by Linda Wang, PhD, the Purdue Maxine Spencer Nichols Professor of Chemical Engineering at Purdue University. Chromatography is a well-understood and widely-used technology platform that already delivers large volumes of high-purity chemicals, vaccines, pharmaceuticals, and metals for everyday life. Linda Wang and her team have developed and optimized the method to deliver an environmentally sound technique for REE separation with a particular focus on providing the critical magnetic metals Nd, Pr, Dy and Tb at a customer-ready purity. The opportunity provided by the LAD system is greatly enhanced by the proprietary supporting simulation system that allows the optimal separation conditions for any REE feedstock to be quickly and cheaply modelled. In the work just completed at Purdue University on Medallion’s behalf, the system settings to purify Nd and Pr from monazite sourced PLS were first modelled, with the physical test work then carried out to produce the high purity products without repeated testing or trial and error. The purification was performed using off the shelf chemicals in an organic solvent free medium. The LAD separation was operated with PLS taken directly from mineral sand monazite leaching which may provide significant operational efficiency in a commercial setting. A larger volume of PLS is now being prepared for scaled up test work and optimization, alongside the modelling for Dy and Tb separation. Medallion has exclusively licensed the LAD Chromatography technology for all non-coal sourced raw materials. The Company is in discussion with third party companies regarding separation testing and are happy to receive expressions of interest from parties wishing to learn more. Recent Insider Transactions Derivative • Mar 06
Independent Director exercised options to buy CA$178k worth of stock. On the 3rd of March, David Shaw exercised options to buy 450k shares at a strike price of around CA$0.26, costing a total of CA$118k. This transaction amounted to 36% of their direct individual holding at the time of the trade. Since June 2020, David has owned 1.26m shares directly. Company insiders have collectively sold CA$1.2m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Mar 05
VP of Corporate Development & Director recently sold CA$58k worth of stock On the 1st of March, Donald Lay sold around 112k shares on-market at roughly CA$0.52 per share. In the last 3 months, there was an even bigger sale from another insider worth CA$617k. Insiders have been net sellers, collectively disposing of CA$1.5m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Feb 25
VP of Corporate Development & Director exercised options to buy CA$245k worth of stock. On the 22nd of February, Donald Lay exercised 540.00k options at around CA$0.40, then sold 68.75k of them at CA$0.63 each and kept the remainder. Since June 2020, Donald's direct individual holding has decreased from 3.12m shares to 1.81m. Company insiders have collectively sold CA$1.3m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 25
VP of Corporate Development & Director recently sold CA$109k worth of stock On the 22nd of February, Donald Lay sold around 170k shares on-market at roughly CA$0.64 per share. In the last 3 months, there was an even bigger sale from another insider worth CA$617k. Insiders have been net sellers, collectively disposing of CA$1.5m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 17
New 90-day high: CA$0.38 The company is up 83% from its price of CA$0.20 on 18 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: CA$0.35 The company is up 32% from its price of CA$0.27 on 27 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period. Recent Insider Transactions • Jan 23
VP of Corporate Development & Director recently sold CA$66k worth of stock On the 19th of January, Donald Lay sold around 216k shares on-market at roughly CA$0.30 per share. In the last 3 months, they made an even bigger sale worth CA$73k. Insiders have been net sellers, collectively disposing of CA$682k more than they bought in the last 12 months. Is New 90 Day High Low • Jan 07
New 90-day high: CA$0.34 The company is up 10.0% from its price of CA$0.32 on 08 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 7.0% over the same period. Aankondiging • Jan 06
Medallion Resources Ltd. Announces the Engagement of Minviro Ltd Medallion Resources Ltd. announced the engagement of Minviro Ltd, a UK-based global leader in Life Cycle Assessment (LCA), to deliver an ISO-compliant gate-to-gate LCA model for the proprietary Medallion Monazite Process which extracts rare-earth elements (REE) from mineral sand monazite. Minviro will use data generated from the ongoing techno-economic assessment (TEA) of the Medallion Monazite Process which is anticipated to be delivered during First Quarter 2021. Life Cycle Assessment is a widely accepted and robust numerical method used to quantify climate change and other environmental impacts for industrial processes, while identifying opportunities for impact reduction and process improvement. The Medallion Monazite Process does not require additional mining to produce REEs, utilizes a high- grade by-product mineral that typically goes to waste, makes use of Process Intensification design practice that maximizes energy and reagent re-use, and produces zero liquid waste output. The climate change and other environmental impact benefits of the process will be quantified by the LCA. As the Medallion Monazite Process is both scalable and transferable it can be implemented at ideal locations and scales to maximize profitability and minimize the carbon dioxide impact of long-distance feedstock and reagent transport. Rare-earth element demand growth is linked to low-carbon emitting technologies, including wind energy and electromobility where efficiency is enabled by high-strength REE permanent magnets. Many industrial customers in these fields, such as automakers, seek to make the most sustainable purchasing decisions for REEs and battery materials, and the data-driven approach of an LCA with ISO- compliance provides them the degree of transparency and customer confidence. Recent Insider Transactions • Dec 31
VP of Corporate Development & Director recently sold CA$73k worth of stock On the 24th of December, Donald Lay sold around 266k shares on-market at roughly CA$0.27 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$517k more than they bought in the last 12 months. Recent Insider Transactions • Dec 16
VP of Corporate Development & Director recently sold CA$69k worth of stock On the 12th of December, Donald Lay sold around 281k shares on-market at roughly CA$0.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$427k more than they bought in the last 12 months. Is New 90 Day High Low • Nov 17
New 90-day low: CA$0.21 The company is down 12% from its price of CA$0.24 on 19 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 8.0% over the same period. Aankondiging • Nov 11
Medallion Resources Ltd. Commences Techno-Economic Assessment of Proprietary Rare-Earth Element Extraction Process Medallion Resources Ltd. announced the engagement of Simulus Engineers to complete a techno-economic assessment of the Medallion Monazite Process. This proprietary process sustainably extracts rare-earth elements (REE) from mineral sand monazite, which is a widely available and REE-rich by-product from mineral sand mining operations within the US and globally. The techno-economic assessment (TEA) will aggregate results from extensive laboratory test work, process simulation and trade-off studies completed by Medallion over the past 5 years. The TEA will deliver commercial capital and operating cost estimates for an extraction facility that processes 7,000 tonnes per year of monazite feedstock and delivers approximately 2,300 tonnes of cerium-depleted high-value REE products plus additional phosphate co-product. Completion of the TEA is expected in the first quarter of 2021. The Medallion Monazite Process was developed utilizing best available technology (BAT) principles and is consequently a highly optimized and automated design that is transferable in location and scalable in size as REE demand grows. The process reflects the current and future expectations of REE customers in the rapidly growing electric vehicle and wind energy markets by providing the lowest impact, most sustainable and resource efficient primary raw material sourcing available. The Medallion Monazite Process utilizes by-product materials that presently pass to waste in the mineral sand industry, or to Chinese customers, and therefore additional mining is not required. It produces zero liquid waste, has a very high degree of energy and chemical reuse and regeneration, and will convert greater than 95% of monazite feed to saleable REE and phosphate products. The company’s recent siting trade-off study as announced October 14, 2020 independently compared U.S. and Canadian locations based on a series of commercial and practical factors impacting performance and profitability of the proposed plant. The U.S. Gulf Coast was highlighted as a very positive operating environment for the first Medallion Monazite Process facility. In addition, Medallion is presently undertaking an independent assessment of emerging and embedded technologies for REE separation with a view to selecting a permanent partner. Approximately 20 prospective technology providers have been identified within four technology clusters. The highest potential technology cluster has been determined by the assessment team using technology readiness, estimated process cost and sustainability filters. Engagement has begun with prospective REE separation providers within this cluster to assess business opportunities. Medallion is working closely with trading and logistics partner Talaxis Ltd. along with their permitting and transport networks to ensure commercial volumes of mineral sand monazite are available to meet with Medallion’s execution timeline. Is New 90 Day High Low • Oct 30
New 90-day low: CA$0.23 The company is down 18% from its price of CA$0.28 on 31 July 2020. The Canadian market is down 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is down 10.0% over the same period. Aankondiging • Oct 27
Medallion Resources Ltd. Announces Board Changes Medallion Resources Ltd. announced that David Haber, former chairman, did not stand for re-election as a director at its annual general meeting held on October 22, 2020. Subsequent to the AGM, the directors elected Rod McKeen as chairman of the Board, replacing David Haber. Aankondiging • Oct 15
Medallion Resources Ltd Completes Siting Study for North American Rare-Earth Element Production Facility Medallion Resources Ltd. to report on the completion of a comprehensive study by Stantec Consulting to identify the most suitable locations in North America for installation of Medallion’s proposed rare-earth element (REE) production facility utilizing monazite from mineral sands. The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations. The trade-off study was designed to compare US and Canadian localities based on a series of commercial and practical factors that will impact on performance and profitability. Appropriate infrastructure, access to required chemicals, access to monazite feed stock, proximity of skilled labor, downstream market access, corporate taxation, weather as well as handling, management and disposal of radioactive wastes were prioritized. The study has identified and ranked a range of regions that appear highly suitable for further investigation. While detailed study results remain confidential, U.S. states with access to the Gulf Coast present many advantages. Medallion is now seeking additional detail from the highest-ranked areas to narrow site choices. The suitability of the U.S. for the production of REEs by the Medallion Monazite Process has been heightened in recent weeks by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production. Aankondiging • Sep 26
Medallion Resources Ltd. Launches Comparative Study of Rare-Earth Element Separation Technologies Medallion Resources Ltd. announced the initiation of a comprehensive comparative technical and commercial review of existing and emerging rare-earth element (REE) 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 commitments within the REE supply chain. Leading technologies, subject to appropriate business conditions, will be considered for partnership or investment by Medallion or its North American focused REE Consortium financial backers Talaxis Limited, (the technology metals unit of Noble Holdings) and Amvest Capital Inc., both significant Medallion shareholders. The Company has engaged on an exclusive basis a highly regarded and independent European chemist, Dr Dag Øistein Eriksen with decades of REE processing experience. Dr Eriksen has been tasked to review and compare data from the various REE separation alternatives that are either commercially available or emerging. The review is focused entirely on the most cost-effective method for the separation of the highest value magnet metals neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb) from a cerium-depleted heavy mineral sand monazite feedstock. Furthermore, the time to commercial readiness, execution risk and the environmental footprint will be key discriminating factors. Medallion has developed a proprietary REE extraction process that can play an important role in providing security, first to an emerging North American REE value chain, followed by other attractive locations. Medallion’s unique technology-led business model can deliver the most critical magnet REEs quickly and cost-effectively. Aankondiging • Sep 01
Medallion Resources Ltd. announced that it has received CAD 1.6 million in funding from Talaxis Limited, Amvest Capital Inc. and another investor On August 26, 2020, Medallion Resources Ltd. (TSXV:MDL) closed the transaction. The company received CAD 1,600,000 in funding co-led by new investors Talaxis Limited and Amvest Capital Inc. The transaction also included participation from individual investor Robert Doyle for 25,030 units. Each warrant is exercisable to acquire one additional common share at an exercise price of CAD 0.20 until August 25 2023. The company paid CAD 1,620 as finders fees and issued 10,800 warrants to Leede Jones Gable Inc, paid CAD 2,400 as finders fees and issued 16,000 warrants to PI Financial Corp and paid CAD 61,600 as finders fees and issued 410,667 warrant to Mann Mann Jensen Partners LP. Each finders’ option exercisable to acquire one common share at an exercise price of CAD 0.25 until August 25 2022. All securities issued in connection with the transaction are subject to a four-month hold period until December 26, 2020. The transaction was approved by the board of directors of the company. The transaction included participation from a total of 32 placees including pre-group involvement for 205,000 units. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Aankondiging • Aug 11
Medallion Resources Ltd. announced that it expects to receive CAD 1.5 million in funding Medallion Resources Ltd. (TSXV:MDL) announced a non-brokered private placement up to 10,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,500,000 on August 10, 2020. Each unit will consist of one common share and one-half of a transferable common share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.20 per share for a period of 36 months from the date of closing. The company has agreed to pay, subject to the approval of the TSX Venture Exchange, finders’ fees equal to up to 8% of the gross proceeds of the transaction, payable in cash or units, at the discretion of the finders, and will grant finders’ options equal to up to 8% of the units sold by qualified finders. The completion of the transaction is subject to the acceptance of the TSX-V. All securities issued are subject to a four-month hold period from the closing date, pursuant to applicable securities laws and the policies of the TSX-V. The transaction will include participation existing investors. Aankondiging • Jul 26
Medallion Resources Ltd. Auditor Raises 'Going Concern' Doubt Medallion Resources Ltd. filed its Annual on Jul 23, 2020 for the period ending Mar 31, 2020. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Aankondiging • Jun 17
Medallion Resources Ltd. announced that it expects to receive CAD 0.25 million in funding Medallion Resources Ltd. (TSXV:MDL) announced a non-brokered private placement of 2,500,000 units at a price of CAD 0.10 per share for gross proceeds of CAD 250,000 on June 16, 2020. Each unit consists of one common share and one-half of one transferrable share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.15 per share for a period of 24 months from the date of closing. The transaction will include participation from certain directors of the company. All securities issued are subject to a hold period of four months from closing. The transaction is subject to approval of TSX Venture Exchange. 