10:47 AM EST - Medallion Resources Ltd. : Provided a corporate and market development update. Medallion is pursuing near-term production of a rare-earth element concentrate rich in NdPr (neodymium and praseodymium) from by-product monazite sand. NdPr are the key metals used to produce high-powered and lightweight rare-earth permanent magnets. The market for rare-earth magnets is growing rapidly due to increasing demand for electric vehicles, wind power generation, robotics and energy efficiency. Medallion Resources Ltd.
shares V.MDL are trading down $0.01 at $0.13.
