Rare-earth elements (REEs) are essential for many products and applications including: nickel metal hydride batteries in hybrid cars, fibre-optic telecom cables, military hardware, solar panels, wind turbines, compact fluorescent lighting, mobile phones, computers, the manufacturing of super conductors and high energy magnets, and petroleum refining.

To meet the rapidly growing demands for REEs, the industrialized world needs significant and dependable supplies. The current $1.5 Billion global market for REEs is projected to grow at an annual rate of 8% to 10%. Today, REEs are in short supply, with China controlling over 97% of production.

Audio interview with Medallion President Don Lay

Meeting the global REE supply shortage before 2014

Medallion’s technical team applies strategies that are ignored by, or unavailable to the majority of the rare-earth exploration industry. The team’s superior knowledge of rare-earth geology and the global market pinpoints the best available rare-earth-element (REEs) properties.

Medallion is rethinking conventional exploration and development approaches to find and acquire large-tonnage, high-value rare-earth deposits with simple metallurgical properties that are located near infrastructure and can be quickly brought into production.  Medallion’s criteria for acquisitions, which lead to low-cost sustainable rare-earth supplies, emphasize the following:

•     Near-term production.
•     Large surface deposits.
•     Simple metallurgy.
•     Traditional, yet presently ignored rare-earth sources.
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Red Wine HREE Project

Medallion’s Red Wine HREE Project explores for the heavy-rare-earth elements (HREE’s) at the Red Wine peralkaline intrusions, which lie approximately 90 kilometres northeast of Churchill Falls, Labrador, Canada.

The Red Wine HREE Project is Medallion’s most recent acquisition.  As it is a heavy rare-earth-element prospect, it is an important addition to the company’s portfolio.  The Red Wine intrusions are a new, increasingly important HREE area play.  At this time, property in the area is held by nine publicly traded companies (including Great Western Minerals Group Ltd & Rare Earth Metals Inc), two private companies and 12 private parties.

Project Highlights

• The Red Wine intrusions in Labrador are a major new HREE area play
• Medallion’s holdings cover key areas of the peralkaline Red Wine intrusions that are known to host eudialyte, an important HREE-bearing mineral, which experts believe will prove to be the world’s main source of HREE’s
• Summer 2010 exploration program included airborne radiometric survey, an NI43-101-style Technical report and field and laboratory evaluation by key REE experts
• Medallion has option to acquire 100% of seven mineral licenses (46.5 square kilometres) is subject to a 3% royalty.

William H. Bird, PhD, PGeo
Position: President, CEO & Director
Dr William H Bird holds a PhD in Geology from the Colorado School of Mines, is a registered professional geologist, and has over 40 years of mining and corporate experience. He possesses a strong combination of business credentials and mineral-industry expertise. His practical and theoretical understanding of geology (most notably rare-earth elements), mineralogy, and metallurgy is recognized as exceptional.

Since his early career as a mineralogy professor, Dr Bird has pursued his long-standing interest in rare-earth elements and their mineral occurrences around the world. In 2005, he became CEO of Rare Element Resources, which owns the prominent Bear Lodge REE and gold property, where he was given the mandate of to reorganize and refocus the company. Dr Bird left Rare Element Resources at the end of 2007 to devote his energy and expertise to Medallion Resources.

     
Donald M Lay
Position: Acting CFO & Director
Don Lay has over 25 years of experience in venture capital, public-market communications and technology startups. He has also served as a director for a number of public companies including several mineral-exploration companies such as International Taurus Resources Inc, American Bonanza Gold Corp Inc and Medallion Resources Ltd. Mr. Lay is currently Vice President, Communications and Corporate Development for Functional Technologies (TSX-V: FEB), a life-sciences company. Don was a principal at China Mobile Soft, a seed-funded, embedded-software supplier that delivered solutions to Chinese telephone handset makers. China Mobile Soft was ultimately sold to ACCESS of Japan. Before entering the venture-capital world in 1994, Mr Lay invested 13 years in enterprise-applications development and software sales and support. Don holds a Bachelor of Science degree in Computer Science from the University of British Columbia.

Tom Arnould, CA
Position: CFO & Corporate Secretary
Mr Arnould is a graduate from Queen’s University in Kingston Ontario, receiving his Chartered Accountant’s designation after articling with Coopers & Lybrand (now part of PriceWaterhouseCoopers) in 1982. Since then, he has worked with various private companies in the food processing and distribution and group-benefits areas where he assisted with the sale of these companies to public entities. More recently, he has worked as a CFO of a private strategic-marketing firm, as a principal with Adler Business Solutions Inc and as the CFO of Securefact Inc. In addition, he consults with other companies on finance and accounting matters.

David Haber
Position: Director
Mr David Haber serves in Vancouver as the Honorary Consul, Republic of Austria. He was educated in Austria and graduated from the Vienna Business School. In 1981, Mr Haber founded what later became Heath Benefits Consulting Inc., a major National Pension and Benefits consultancy with offices in six major Canadian centres. In 2006, he sold Heath Benefits Consulting to Morneau Sobeco, the largest Canadian employee benefits consultancy, where he served on its Senior Executive Committee until early 2009. As a past President and Founding Member of the BC Chapter of the Certified Employee Benefits Specialists (CEBS), Mr Haber has played a key role in the development of the benefits industry in British Columbia. He is a member of the International Foundation of Employee Benefit Plans (IFEBP), the Canadian Pension and Benefits Institute (CPBI), and BC HRMA.

     
Rod C McKeen, LLb
Position: Director
Mr Rod McKeen is a lawyer, and a founder and principal of Axium Law Corporation in Vancouver, Canada, since January 2004. Mr. McKeen has more than 25 years experience in all facets of securities and corporate law pertaining to the mining and mineral-exploration industry. Prior to forming Axium Law Corporation, Mr McKeen was a partner in the law firm of Gowling Lafleur Henderson LLP and a partner with the law firm Montpellier McKeen Varabioff Talbot and Giuffre. Mr McKeen's practice encompasses emerging to mid-size mineral-resource companies with projects and operations around the world and involves dealing with stock exchanges and mergers, acquisitions and financing transactions on a similarly global basis. Mr McKeen earned a Bachelor of Laws degree from the University of British Columbia, Vancouver, Canada, and a Bachelor of Arts degree from the University of Alberta, Edmonton, Canada.

     
Andrew Morden, CA
Position: Director
Mr Andrew Morden is a seasoned corporate director and executive with over 20 years of experience in operations, finance, technology, investor relations and public markets. Mr Morden is a Chartered Accountant and holds a Bachelor of Commerce (Honours) from the University of British Columbia. He is currently the Chief Executive Officer and a Director of the Internet Marketing Center, a private company providing software and business-solutions consulting. He has also worked with a mix of large and small companies including Intrinsyc Software International (TSX:ICS) and Digital Dispatch Systems (TSX:DDS) as CFO and Secretary; Intrawest Corporation(TSX and NYSE) as the Vice President, Financial Planning and Systems; KPMG as a Senior Manager in the Assurance and Corporate Finance practices; and SAP Canada as a Client Manager. He specializes in taking small companies to the next level of growth.

     

Share Structure - april 30,2011

Updated from Medallion's website on October 4th 2010