– CANADA, Vancouver – Medallion Resources Ltd. (TSX: MDL | OTC: MLLOF | FRA: MRDN) today announced the additions of Daniel Mamadou and Gabriel Alonso-Mendoza to its Board of Directors.
Both are long-term, active participants and investors in the rare earth element industry, and bring extensive commercial and financial experience to the Medallion team.
“The addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Medallion Board is a key moment for the Company, providing a new level of financial and commercial capacity” said CEO, Mark Saxon. “Both Daniel and Gabriel have impressive records, and their contributions to Medallion’s strategy and growth are highly anticipated.”
About Daniel Mamadou
Daniel Mamadou is the founder and executive director of Welsbach Holdings, a Singapore-based firm investing in the discovery and development of the metals and materials that are critical to the global energy transition. Before the formation of Welsbach, Daniel co-founded Talaxis Ltd, a subsidiary of Noble Group focused on the development of supply chains of technology metals and materials. He was the director of Talaxis from 2015 until December 2020. In addition, Daniel’s professional career has included senior roles at Deutsche Bank in London and Hong Kong, Goldman Sachs in London, and as Head of the Corporate Solutions and Financing for Nomura Securities for the Asia-Pacific region. Daniel holds an MSc in International Securities and Banking from the ICMA Centre University of Reading and a BA in Business Management from ESIC-Valencia.
About Gabriel Alonso-Mendoza
Gabriel Alonso-Mendoza co-founded Amvest Capital Inc. to support companies seeking growth capital within the natural resource sector. Throughout his career, Gabriel has raised and invested over $1 billion for companies in the mining and metals, oil and gas, and agriculture industries. Before forming Amvest Capital, Gabriel worked on the buy and sell-side ranging from analyst to junior partner. Gabriel graduated from the University of Miami with a degree in International Finance and Marketing.
About Medallion Resources
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product of mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third-party REE producers.
REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines, and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing, and the safe management of waste materials. Medallion utilizes the Life Cycle Assessment methodology to support investment and process decision-making.
Medallion is focused on the commercialization of proprietary technologies that enable the sustainable extraction and separation of rare earth elements with minimum environmental footprints. This includes a proprietary method to utilize mineral sand monazite as a low-cost REE source for which the positive findings of a Techno-Economic Assessment were recently published and the patented Ligand Assisted Displacement Chromatography process for solvent-free REE separation.
For more information: https://medallionresources.com/
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