Medallion Resources Ltd. Medallion Resources Ltd. (TSX-V: MDL) develops technology and business models for rare earth element (REE) production from monazite, a byproduct of heavy mineral sands mining operations; it employs ligand-assisted displacement (LAD) chromatography, licensed from Purdue University, for mid-stream separation and purification of REE oxides and salts, with a focus on high-value magnet metals including neodymium and praseodymium used in electric vehicles, wind turbines, consumer electronics, and defense systems. Founded in 1989 and headquartered in Vancouver, British Columbia, Canada, the company targets supply chain security amid the clean energy transition, sourcing monazite globally for processing into separated REE products distributed to manufacturers of permanent magnets and other high-performance applications. Medallion Resources Ltd. maintains a commitment to sustainable practices, including life cycle assessments for mineral transportation, processing, and waste management, while exploring sub-licensing opportunities for its REE separation technology to third-party producers. Recent developments include a non-binding memorandum of understanding with Talaxis for monazite sourcing, transportation support, and marketing of finished REE products, alongside an exclusivity agreement with a private research firm for emerging REE technologies and considerations for uplisting to a major US exchange to fund expansion.