Medallion Resources Ltd.

10:38 AM EST - Medallion Resources Ltd. : Announced its recent process testwork produced a cerium-depleted rare earth concentrate containing 41.6% of the magnet metals neodymium and praseodymium (NdPr) by mass. The contained NdPr represents an estimated 81.6% of the concentrate value, based on current market values of the contained rare earth elements (REEs). NdPr is the key input material for the high-powered permanent rare earth magnets required for the growing demands of vehicle electrification, wind power generation and robotics. Medallion Resources Ltd. shares V.MDL are trading up $0.04 at $0.17.