Published: March 29, 2022 |

[Click image to enlarge]

Medallion Resources Ltd. has signed an exclusivity agreement with a private North American research company to provide a three-month period to undertake additional due diligence on proprietary rare earth element metallization and rare earth magnet recycling technologies. If the technical due diligence is successful, Medallion will seek to negotiate investment terms to acquire or partner on all or part of the underlying technologies.

“Medallion has been actively reviewing opportunities within the REE supply chain, with a focus on the industry bottlenecks where breakthrough technologies are required. In this process, we have identified a research group with a portfolio of technologies based on low environmental impact design principles,” said Mark Saxon, president and CEO.

“These technologies are complementary to our existing LAD technology platform providing exposure to REE magnet recycling as well as REE metallization, and we are excited to be launching an exclusive due diligence process to learn more and plan future investment and partnership,” added Saxon.

The research partner is the exclusive owner and developer of an innovative rare earth element (REE) metallization technology. Metallization involves the conversion of REE compounds to REE metal, a crucial step in the production of high strength REE permanent magnets. There are few entities outside China that have this metallization capacity.

The REE metallization technology owned by the research partner is derived from a similar process employed for other critical metals. The novel and innovative technology would enable conversion of REE compounds to metal in a continuous process, requiring less energy than incumbent processes and without toxic fluorine chemistry.

The metallization technology is equally applicable to primary and recycled REE feedstock. It presents the opportunity for substantial value add to Medallion’s existing technology portfolio including the Medallion Monazite Process (developed internally) and Ligand Assisted Displacement Chromatography (exclusively licensed from Purdue University for all non-coal sourced raw materials).

Furthermore, the research partner is the exclusive owner of technology and knowhow that combines a novel pyrometallurgical process with a hydrometallurgical process to efficiently preprocess, extract, recover, and separate rare earth elements from end-of-life recycled REE permanent magnets. The key enabling technologies have been tested at bench scale; Medallion believes the technologies may have rapid commercialization potential with appropriate commercial support.

REE permanent magnets, comprised of neodymium, praseodymium, dysprosium and terbium play a fundamental role in the efficient generation of renewable energy and its use in electric vehicles (EV). They are vital in the automotive, aerospace, robotics, electronic, and wind energy industries due to the combined high magnetic strength and low weight. REE magnet materials are currently recycled at a very low rate due to technology barriers in magnet recovery, demagnetization and processing and the past use in applications such as consumer electronics which involve a large number of items each containing a small quantity of REEs. In contrast, the EV and wind turbine applications are well suited to end-of-life recycling.

Medallion is actively identifying key emerging technologies that can unlock bottlenecks within the supply of raw materials critical for the clean energy transition. Under the guidance of Dr. Kurt Forrester and with the support of a network of technical advisors, Medallion is in a strong position to identify further breakthrough technologies for the rare earth element industry.

About Medallion Resources
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

To stop by Medallion’s website, CLICK HERE

Be in-the-know when you’re on-the-go!

CLICK HERE to register your email address.

Copyright © 2022 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)