Rare Earths Back in the News by Eric Muschinski GIL "GIL's bet in this space is Medallion Resources (MDL/MLLOF), which we feel is a steal at a dime CDN! Medallion truly could become the next material producer of NdPr in North America, yet is trading for a paltry $4m CDN market value. The company is moving quickly towards a PEA on their processing plant (this is not a traditional mining angle, which is typically very complex and costly in REE's), which will be out by year end.
This will allow for MDL to go out and raise construction financing and make this vision a reality. Raising $20-30M is very doable in this environment and Medallion has been putting all of the pieces in place for years to pull it off. Here is a fact sheet:
https://medallionresources.com/wp-content/uploads/2019/03/MDL-FactSheet-March-2019.pdf
The sector could see significant renewed investor interest in the coming weeks a the Lynas story unfolds. Minimally, the bid underlines the need for rare earth metals in the electric vehicle revolution despite the sector not seeing the benefits. I think this will change and it could happen overnight. A potentially explosive move should come to REE companies at some point this year and this news today could ignite a move at anytime.
I recommend GIL readers add MDL to .12/MLLOF to .095 for a bet on this beaten down sector. The very few survivors could see serious price appreciation when the market decides to wake up. Our elite members just participated in a .09 financing a week ago to boost our exposure. "