Medallion Resources (TSX.v: MDL) (MLLOF) just put out a PR outlining its 2016 agenda. We want to briefly go through these points. You are encouraged to read our most recent research report on Medallion. The PR focuses on the three aspects of Medallion’s business model—procuring a monazite rare-earth (RE) feedstock, processing the RE-mineral concentrate into a chemical concentrate, and selling the chemical concentrate. It also hints that there will be changes to the board of directors in order to reflect the current needs of the company. The Pilot Plant This is the most important aspect of Medallion’s 2016 agenda. The company intends to finance and build a pilot plant that is intended to demonstrate that its monazite feedstock can be processed using the flowsheet that the company’s technical partners successfully tested at the bench scale. As we discuss in the research report the company will be utilizing a proven monazite
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