|Bid||0.10 x 0|
|Ask||0.12 x 0|
|Day's Range||0.12 - 0.12|
|52 Week Range||0.08 - 0.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
“It’s an important step for our magnet-metal rich concentrate to be put through Rare Earth Salts’ novel separation process as rare-earth oxides are the quoted and readily marketable products within the industry,” said Don Lay, Medallion President & CEO. RES operates a new rare-earth refinery in Beatrice, Nebraska, using an environmentally-friendly, proprietary separation technology that demonstrates significant cost advantages versus the standard solvent extraction process. Today, China dominates the rare-earth magnet market globally with greater than 80% market share.
“Kurt Forrester and I just returned from Saskatchewan and Nebraska where we met with representatives from the Saskatchewan Research Council and Rare Earth Salts to hold key meetings on process development and commercialization of the Company’s monazite-derived feedstock,” said Don Lay, Medallion’s President and CEO. The Saskatchewan Research Council’s (“SRC”) technical staff and Kurt Forrester PhD, Medallion’s consulting metallurgist, conducted a thorough review of the results of the bench-level testwork, which was reported in the Company’s news releases dated March 22, 2018 and March 28, 2018.