Medallion Resources Reiterates Focus on Monazite

Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF) provided an update on its operations. The Company’s current focus is on securing monazite feed for its proposed Oman facility, and continues to work with both Arab Mining Company and Takamul Investment Company to investigate the establishment and investment in a monazite-based rare-earth processing facility in the industrial city of Duqm, Oman.

As quoted in the press release:

Medallion continues its initial activities with both Arab Mining Company and Takamul Investment Company, with whom Medallion has established Memorandums of Understanding (MOUs) to investigate the establishment and investment in a monazite-based rare-earth processing facility in the industrial city of Duqm, Oman.

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