Medallion Resources Ltd's (CVE:MDL) (OTCQB:MLLOF) (FRA:MRDN) Mark Saxon speaks to Proactive's Andrew Scott following the release of an independent Techno-Economic Assessment (TEA) for its proprietary process that enables sustainable extraction of rare earth elements (REE) from mineral sand monazite. Monazite is a rare earth phosphate mineral available as a by-product from heavy mineral sand mining operations. Saxon says it's a major milestone for the company which indicates the technical and financial viability of the process.
Medallion Resources hails techno-economic assessment for REE extraction technology