Medallion Resources (CVE:MDL) reports that it has closed its non-brokered unit private placement. Each Unit consists of one common share and one transferable common-share purchase warrant (a “Warrant”). Each Warrant can be exercised to acquire one common share at an exercise price of $0.25 for a period of 36 months from closing of the Offering (12 July [...]
Continue reading "Private Placement Oversubscribed, Closes at $265,000"
Wednesday, June 23, 2010
Medallion Resources Ltd. reports that it has added 2 additional mineral licences to its existing Red Wine heavy-rare-earth-element exploration property. These new mineral licenses cover important key areas of the well-known northern Red Wine peralkaline intrusion, which is known to contain eudialyte, a mineral widely expected by experts to eventually supply a significant portion of the world’s heavy-REE requirements. [...]
Continue reading "Medallion Expands Red Wine Heavy-Rare-Earth-Element Property"
Tuesday, June 1, 2010
Friday, The House of Representatives approved the National Defense Authorization Act, which outlines the US Department of Defense’s (DoD) budget and expenditures. Included in the Act was an amendment to formulate a plan to establish a domestic source of rare earth element neodymium.
Continue reading "Neodymium’s Strategic Importance Gets Traction With US Congress"
Monday, January 4, 2010
Medallion Resources Ltd. (TSX VENTURE:MDL) reported the closure, on 31 December 2009 of its non-brokered flow-through private placement offering.
Continue reading "Medallion Resources closes private placement"
Monday, December 7, 2009
Rare Element Resources Ltd (TSX-V: RES) and Medallion Resources Ltd (TSX-V: MDL) reported that they have signed a letter of intent whereby Rare Element will grant to Medallion an option to earn a 65% interest in a joint venture to explore the Eden Lake rare-earth-element property, Manitoba, Canada.
Continue reading "Rare Element & Medallion signs a letter of intent"
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Wednesday, July 14, 2010