Vancouver, BC — Medallion Resources Ltd (TSX-V: MDL; OTCQX: MLLOF — “Medallion” or the “Company”) a rare-earth-element (REE) explorer, announces that it has appointed Patrick Wong to its Advisory Board. Mr. Wong is a recognized authority in the REE industry, having founded a strategic metals investment company, authored several research articles and participated on industry panels and as a guest speaker at industry events.
Mr. Wong is President of Rare Metals Inc., a private company which consults to industry investors and participants. Rare Metals is also investigating how to accelerate near-term rare-earth production by facilitating REE customer investment that would create centralized rare-earth refining in North America. Mr. Wong is a senior editor and analyst for RareMetalBlog.com, an open forum site that discusses the current news and trends of the rare-metals sector.
“Patrick brings to Medallion business insight into the REE sector, having dealt directly with the industrial trading side of the business. Patrick’s outlook targets the entire rare-earth value chain and economics, so his strategic input will be a valuable addition to our deep technical resources”, stated Dr Bill Bird, Medallion’s Chairman and CEO.
Mr. Wong was most recently the founder and Chief Investment Officer of Dacha Strategic Metals (TSX.V: DSM, OTCQX: DCHAF), a unique investment vehicle that invests in physical rare-earths and other strategic commodities. Patrick is a seasoned hedge fund manager, with over 15 years of experience in various trading strategies, including capital structure arbitrage. Prior to Dacha, he was the president of a natural gas trading company that created models to trade physical gas. Mr. Wong has an Honours BA from the Richard Ivey School of Business at the University of Western Ontario.
About Medallion Resources
Medallion Resources Ltd (TSX-V: MDL; OTCQX: MLLOF) is exploring for large, low-production-cost, heavy-rare-earth-element (REE) deposits with straightforward metallurgy and cost-effective infrastructure. Headed by Dr. Bill Bird and supported by a technical team second to none, the Company is well-positioned to efficiently evaluate the best prospective REE projects, incorporating new discovery methods and short-cuts to production. REEs are essential for many products and applications including wind turbines, electric and hybrid vehicles, super magnets, and all modern electronics.
For further information visit www.medallionresources.com or contact:
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Medallion Management takes full responsibility for content, prepared this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe medallion’s future exploration and financing plans, objectives or goals, including words to the effect that Medallion or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in these statements. Such risks include expectations that may be raised by discussing potential acquisitions or exploration plans. Also, in order to proceed with Medallion’s exploration plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans.