Gabo Mining Ltd V.MDL

Metals & Mining Industrial Metals & Minerals

Medallion Resources Ltd. is focused on mid-stream separation and purification of rare earth oxides and salts (REOs) based on Ligand Assisted Displacement (LAD) Chromatography, enablement of upstream processing using the Company’s proprietary Medallion Monazite Process (MMP) technology, and marketing of magnetic REOs (neodymium, praseodymium, dysprosium, and terbium) to downstream rare earth permanent magnet producers and consumers. It has developed a process and business model for extraction of rare earth elements from monazite, which is a phosphate mineral that is a common by-product of heavy mineral sand operations. The Company holds exclusive rights to the patented LAD Chromatography rare earth element (REE) separation process developed to separate minerals from all raw material feed stocks excluding coal sources and recycled materials from manufacturing wastes and recyclates from battery and magnet sources. It is investing in the development of LAD Chromatography.

TSXV:MDL - Post by User

Gabo Mining Ltd > Financials

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Comment by gnote1on Feb 19, 2021 9:06am

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Post# 32607796

RE:RE:Financials

Another detailed post ausheds. Thank-you.

In Mark's presentation yesterday, he stated that MDL was fully funded for the next few months. The next couple of News releases, posibly this quarter as Mark suggested, should get the SP close to or above 1.00.

Financing is always needed with these small companies in growth stage. Plant construction will need financing etc.
If SP is much higher then today then dilution will be smaller. Dilution is usually the case with growth and value added progress. No worries at my end.
GLTA

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