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Medallion Resources Ltd.

09:45 AM EST - Medallion Resources Ltd. : Announced its recent process testwork extracting a rare earth element (REE) concentrate from monazite sand, also produced Trisodium Phosphate (TSP). TSP is a commercial compound, which currently wholesales at approximately $500/tonne and has wide application as a food additive, cleaning agent, lubricant, stain remover and degreaser. Medallion Resources Ltd. shares V.MDL are trading unchanged at $0.16.