VANCOUVER, British Columbia, August 18, 2021 (GLOBE NEWSWIRE) – Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the arrival of Daniel Mamadou and Gabriel Alonso-Mendoza to the Board of Directors (the “Board”). Daniel and Gabriel are both active participants and long-term investors in the rare earth elements industry, and bring extensive business and financial experience to the Medallion team.
“The arrival of Daniel Mamadou and Gabriel Alonso-Mendoza to the Medallion Board is a key moment for the Company, offering a new level of financial and commercial capacity,” said Mark Saxon, President and CEO. “Daniel and Gabriel both have impressive records, and their contributions to Medallion’s strategy and growth are eagerly awaited. “
Daniel Mamadou is the Founder and Executive Director of Welsbach Holdings, a Singapore-based company that invests in the discovery and development of metals and materials essential to the global energy transition. Prior to the creation of Welsbach, Daniel co-founded Talaxis Ltd, a subsidiary of Noble Group focused on developing supply chains for technological metals and materials. He was Director of Talaxis from 2015 to December 2020. In addition, Daniel’s professional career has included management positions at Deutsche Bank in London and Hong Kong, Goldman Sachs in London and as Head of Enterprise Solutions and financing for Nomura Securities for Asia. -Pacific region. Daniel holds a master’s degree in international securities and banking from ICMA Center University of Reading and a bachelor’s degree in business management from ESIC-Valence.
Gabriel Alonso-Mendoza co-founded Amvest Capital Inc. to support companies seeking growth capital in the natural resources sector. Throughout his career, Gabriel has raised and invested over $ 1 billion for companies in the mining and metals, oil and gas, and agriculture industries. Prior to forming Amvest Capital, Gabriel worked on the buy and sell side, ranging from analyst to junior partner. Gabriel graduated from the University of Miami with a degree in International Finance and Marketing.
In addition, Medallion announces the granting of 500,000 stock options to directors which may be exercised against common shares of Medallion at a price of $ 0.17 per common share in accordance with TSX policy 4.4 and subject to the rules of the TSX Venture Exchange and the Company’s stock option. Plan. The options have a term of five years and will expire on August 18, 2026.
Medallion is focused on commercializing proprietary technologies that enable the sustainable extraction and separation of rare earth elements (“REE”) with a minimal environmental footprint. This includes a proprietary method for using monazite from mineral sand as a low-cost REE source for which positive results from a technical-economic assessment (“TEA”) have recently been published; and the patented Ligand Assisted Displacement Chromatography (“LAD”) process for solvent-free rare earth separation.
Medallion recently signed a non-binding memorandum of understanding for the single-use application of these technologies in South East Australia.
About Medallion Resources
Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a proprietary process and related business model to achieve short-term, low-cost production of rare earth elements (REE) by exploiting the monazite. Monazite is a rare earth phosphate ore that is widely available as a by-product of mineral sand mining operations. In addition, Medallion recently licensed an innovative rare earth separation technology from Purdue University which can be used by Medallion and sublicensed by Medallion to third party rare earth producers.
Rare earths are essential inputs for electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and safe waste management. Medallion uses the Life Cycle Assessment methodology to support investment and process decision making.
To learn more about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN), visit medallionresources.com.
Marc Saxon, President and CEO
+1.604.681.9558 or [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Medallion Management takes sole responsibility for the content and has prepared this press release. Some of the statements in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to entering into the binding contract and licensing the Medallion Monazite process to ACDC. Because forward-looking statements deal with future events and conditions, by their very nature they involve inherent risks and uncertainties, including risks relating to market conditions and regulatory approval and other risks. described in the company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in such statements. These forward-looking statements are made as of the date of this press release, and, except as required by applicable securities laws, Medallion disclaims any intention or obligation to publicly update any forward-looking statements, whether as a result of new information, events or future or other results, except as required by applicable laws.