GABO MINING LTD - MLLOF STOCK NEWS

Medallion Resources Ltd. (OTCQB: MLLOF) has appointed Daniel Mamadou and Gabriel Alonso-Mendoza to its Board of Directors, enhancing its commercial and financial expertise in the rare earth elements sector. Mamadou brings experience from Welsbach Holdings and Talaxis, while Alonso-Mendoza co-founded Amvest Capital and has raised over $1 billion in investments. Medallion has also granted 500,000 stock options to directors at $0.17 each, expiring in 2026. The company focuses on sustainable extraction technologies for rare earth elements, recently publishing a positive Techno-Economic Assessment.

Medallion Resources has signed a non-binding letter of intent (LOI) with ACDC Metals to partner in extracting rare earth elements (REE) from monazite using Medallion's proprietary process. The LOI allows ACDC to construct a monazite refinery in Australia, while Medallion will receive pre-IPO shares, funding rights, milestone payments, and royalties from refinery operations. ACDC aims to secure monazite-rich properties and plans an IPO within 12 months. The partnership seeks to capitalize on rising REE prices and improve supply security.

Medallion Resources Ltd. recently announced a successful Techno-Economic Assessment (TEA) of its proprietary Medallion Monazite Process, which enables sustainable extraction of rare earth elements (REE) from monazite. The assessment confirms the technical and financial viability of producing approximately 870 tonnes of neodymium and praseodymium oxide annually at a capital cost of US$34 million and operating costs of US$12 per kg. This innovative process emphasizes zero-liquid waste and efficient use of existing by-products from mining.

Medallion Resources Ltd. (OTCQB: MLLOF) has successfully separated and purified neodymium (Nd) and praseodymium (Pr) rare-earth elements from US-sourced monazite using the Ligand Assisted Displacement (LAD) Chromatography method exclusively licensed from Purdue University. This innovative process enables over 99% recovery of REEs with enhanced efficiency and lower environmental impact. Medallion is also preparing for scaled-up testing of additional REEs, such as dysprosium (Dy) and terbium (Tb), while finalizing a Techno-Economic Assessment and Life Cycle Assessment to support its projects.

Medallion Resources Ltd. has successfully completed diagnostic test work at ANSTO in Australia, focusing on extracting rare earth elements from mineral sand monazite. This process leverages existing mineral sands from zirconium and titanium mining, ensuring a sustainable methodology. The ongoing work correlates mineral data with extraction efficiency, enhancing predictive capabilities for REE production. Medallion is finalizing a Techno-Economic Assessment and Life Cycle Assessment, though delays are expected due to COVID-19. The company aims to optimize REE production, minimizing environmental impact while maximizing profitability.

Medallion Resources Ltd. (OTCQB: MLLOF) reported receiving approximately $792,000 from the exercise of 4,249,014 warrants and options since January 1, 2021. The average exercise price was $0.19, enhancing the company’s strong working capital to over $2 million. Medallion also acquired an exclusive license for ligand-assisted displacement chromatography technology from Purdue University, which facilitates eco-friendly separation of rare-earth elements (REE). This technology promises low-risk applications in REE processing, aligning with Medallion's commitment to sustainable practices.

Medallion Resources Ltd. has secured an exclusive license for Purdue University-developed rare earth element (REE) separation technologies via Hasler Ventures. This technology, known as ligand-assisted displacement (LAD) chromatography, aims to enhance the company’s REE processing capabilities. The LAD method is environmentally friendly, operates efficiently in aqueous solutions, and is designed to minimize the usage of harsh chemicals. Medallion plans to invest $150,000 annually over three years for technology advancement and establish a demonstration plant. The global REE market is estimated to be $4 billion annually, with a projected growth rate of 8%.

Medallion Resources Ltd. (OTCPK: MLLOF) announced the completion of a comprehensive study by Stantec Consulting to identify optimal locations in North America for a rare-earth element (REE) production facility. The proprietary Medallion Monazite Process aims to achieve low-cost REE production utilizing monazite, a mineral abundant in mineral sands. Favorable regions have been identified, particularly in U.S. Gulf Coast states, bolstered by recent bipartisan legislation and executive orders supporting domestic critical mineral production. Medallion also welcomes Talaxis as a partner for sourcing monazite.

Medallion Resources Ltd. (OTCPK: MLLOF) announced that shareholders exercised warrants and options, generating approximately $741,000 in gross proceeds during Q3 2020. The average exercise price was $0.21 per share, with prices ranging from $0.10 to $0.32. This financing enhances the company's working capital, facilitating its strategy to develop a rare earth element supply chain in North America. Medallion has partnered with Talaxis Ltd. to source monazite feedstock, crucial for REE production due to its high REE content, essential for various technological applications.