Medallion Resources • Rethinking Rare Earths
To solve the rare-earth supply shortage, Medallion is rethinking accepted rare-earth exploration and development strategies. Unlike present strategies, which focus on properties with complicated, expensive and untested metallurgy, Medallion is investigating a major source of rare earths—a source almost totally ignored by others. Led by veteran geologist and rare-earth expert Dr. Bill Bird, Medallion is examining the production of large, low-cost sources which can provide significant near-term production and long-term supplies of the rare earths. Dr. Bird and his superior technical team are challenging the status quo to meet the global supply shortage.
Global Rare-Earth Elements Supply Shortage
In 2009, the world of rare-earth elements changed dramatically. The media and popular investment advisors introduced the public to rare earths with shocking stories of upcoming shortages and resulting industrial shutdowns. The exotic nature of these commodities and their mysterious supply-and-demand issues led to a stock market, investment frenzy. This was in marked contrast to the previous 40 years, when few people in the financial and mining industries or in the world paid much attention to the rare-earth elements. Demand for rare earths is increasing with growing global consumer and defense-industry uses, and the world’s main producer, China, reducing its export supplies. Concern that a world industrial, rare-earth crisis will develop continues to drive this intense new interest.
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| Red Wine HREE Project | Drs Mariano, Clark, Mumin and Bird |