Medallion Launches New Clean Energy Technology Strategy

Medallion | April 27, 2022

Medallion Resources Ltd., is pleased to announce the launch of a new strategic plan (the “Strategic Plan”) to position the Company in the near term as a technology leader within the industries essential to the generation, storage, and efficient use of clean energy. Key parts of the plan include a strengthened executive leadership team, up-listing to Nasdaq Capital Markets, and rebranding as Medallion Innovations Corp. to better reflect the future direction of the Company.

Medallion’s focus has been to identify and develop innovative technologies for the rare earth element (“REE”) industry that, when compared with incumbent technologies, are lower cost and reduce the environmental and social impacts of production.

Implementation of the new Strategic Plan is intended to enhance Medallion’s existing REE processing technology portfolio by identifying, incubating and gaining exclusive rights to the commercialization of additional innovative technology platforms across the entire REE value chain and broadening its focus to include other high-performance materials. Medallion believes that its technology portfolio will continue to facilitate the production of materials, deployment of processes, and/or generation of essential data for the clean energy transition.

The clean energy transition, involving the widespread generation of renewable energy and the electrification of transport is now demonstrating dramatic growth that is at risk because of weaknesses in global supply chains. Medallion’s new Strategic Plan reflects the global shift from fossil fuel-based to a minerals-based economy centered on “friendly nations” and is intended to position the Company for better access to capital, a larger playing field, and importantly the ability to build a team with the essential skills and experience in technology development and commercialization.

Medallion believes that up-listing to the Nasdaq Capital Markets (“NasdaqCM”) will significantly strengthen the Company’s profile and increase the capacity for US and international shareholders to invest in the REE and clean energy technology sectors.

Upon completion of the Nasdaq up-listing, Alfredo Ramos Plasencia will join the Company as Chief Executive Officer and Director, while Dr. Kurt Forrester will join the management team as Chief Technology Officer and continue to serve as a Director. Mark Saxon will continue as a Director and assume a business development role focused on mining industry opportunities.

As previously announced, the Company has engaged Chardan Capital Markets LLC (“Chardan”) to advise on an up-listing and simultaneous financing. The up-listing to the NasdaqCM is conditional on Nasdaq accepting the Company’s listing application, including the Company’s plan to meet the Initial Listing Requirements, and a registration statement being declared effective by the U.S. Securities and Exchange Commission (“SEC”). The Company is preparing to file a registration statement with the SEC on Form F-1 before the Annual General and Special Meeting of Shareholders (the “Shareholders’ Meeting”) on May 27, 2022 in Vancouver, B.C.

Medallion has begun the Nasdaq listing application process and has reserved the trading symbol “MDL” for trading on NasdaqCM after the up-list.

Medallion President & CEO Mr. Saxon stated “Medallion is setting the course for a strong and positive impact in the supply of materials and technologies for the energy transition. Our recent successful partnerships in the REE sector, based on deep industry knowledge and connections, have laid the groundwork for where we see many value-add opportunities. The proposed business and management changes deliver the opportunity to accelerate in line with the renewable energy and EV markets.”

“I am excited to be entrusted with the CEO role at Medallion at this key time in the Company’s history. My experience in the identification, incubation and commercialization of breakthrough technologies matches well with the new Strategic Plan. Medallion’s past investment in REEs and methodology in identifying new investment opportunities provides an excellent platform for future development.”

Mr. Ramos

Medallion – the New Vision
The clean energy transition has triggered a fundamental change in the consumption of materials, as single-use oil, gas and coal is replaced by renewable energy alternatives. Energy generation and storage is now increasingly linked to high performance, critical raw materials at a time of heightened supply chain vulnerability, which has been exacerbated by the COVID-19 pandemic and recent geopolitical instability. Over the past decade, the U.S., Europe, Japan, and Korea have increasingly focused on the supply chain for critical minerals and, in the U.S., REE supply chain resilience is a bipartisan issue.


When the energy supply chain is localised, local jobs can be created, energy spend can be kept in the local economy and community benefit funds can be created and reinvested locally to reduce community vulnerability and to create a more resilient financial system. However, changes in national support for renewable energy projects have made it very difficult for community energy groups to deliver projects. This project has researched, developed and shared practical new business models for community energy groups to provide them with the support that they need to adapt to the changes in government policy.


When the energy supply chain is localised, local jobs can be created, energy spend can be kept in the local economy and community benefit funds can be created and reinvested locally to reduce community vulnerability and to create a more resilient financial system. However, changes in national support for renewable energy projects have made it very difficult for community energy groups to deliver projects. This project has researched, developed and shared practical new business models for community energy groups to provide them with the support that they need to adapt to the changes in government policy.

Related News


EDP Renewables Begins Commercial operations in Texas' at 'Reloj del Sol Wind Farm.'

EDP Renewables | May 22, 2021

EDP Renewables, a global leader within the renewable energy sector and the world’s fourth-largest renewable energy producer, through its subsidiary EDP Renewables North America LLC, has started commercial operation of the 209 MW “Reloj del Sol” wind farm. The wind farm has begun producing power in Zapata County, Texas. “Reloj del Sol” will help strengthen Texas’s grid and is estimated to supply approximately $36 million in direct payments to local governments and $100 million in payments to landowners throughout the life of the project. Moreover, the commissioning of this project supported 101 full-time equivalent jobs during construction and created 10 permanent jobs, dedicated to operating and maintaining the wind park. Reloj del Sol also will save quite 372 million gallons of water annually that might otherwise be used for cooling traditional power plants. This project is the latest successful project in EDPR’s growing energy portfolio in Texas, joining the company’s four operating wind farms in the state. Collectively, EDPR’s Texas portfolio now totals 909 MW in operating renewable energy capacity – producing enough energy to power the equivalent of approximately 236,000 average Texas homes annually. EDPR NA is committed to continuing to grow Texas’s leadership in renewable energy and increasing the already $1.5 billion it has invested in the state. it is also currently constructing the 200-MW Wildcat Creek wind farm, which is located in Cooke County, approximately 50 miles north of Dallas-Fort Worth.

Read More


CleanSpark Partners with Solar and Storage Developer Symmetric Energy

CleanSpark | December 16, 2020

CleanSpark, Inc. (Nasdaq: CLSK)("CleanSpark" or the "Organization"), a high level programming and controls innovation arrangements organization, zeroed in on tackling present day energy challenges, today declared it has banded together with Symmetric Energy (Symmetric) to target new microgrid ventures in Northern California. The target will be to give dependable back-up energy or off-framework power utilizing a blend of sun based PV and energy stockpiling for both business and home level private microgrids. Symmetric is planning sun based and capacity arrangements that give "Genuine feelings of serenity" battery back-up administrations for private clients and energy security at a modern scale for business usage. Symmetric is situated in San Rafael, CA and serves the entirety of the Bay Area provinces including Marin, Sonoma, Napa, San Mateo, Santa Clara, just as the encompassing regions which have a past filled with fire and climate prompted power blackouts and request requirements. Fully expecting the association, CleanSpark and Symmetric have just started venture improvement for off-framework private undertakings to be overseen by CleanSpark's protected mPulse wise controls for sunlight based and capacity. Moreover, the arrangement gives that mVSO, CleanSpark's plan and demonstrating programming, is to be utilized to examine impending ventures and RFPs for Symmetric. Amer Tadayon, CleanSpark's Chief Revenue Officer remarked, "We are eager to report another organization with a grounded sun based and capacity engineer in California. We accept that banding together with CleanSpark for plan and controls programming alongside the co-advertising abilities of our group will permit Symmetric to quickly produce a lot more microgrid ventures. With Symmetric, CleanSpark will have the option to give mPulse to a significant number of undertakings through a trusted, existing relationship." Elliott Jessup, Director of Business Development for Symmetric Energy expressed, "We had distinguished the need to bringing to the table astute programming and controls to give energy security, flexibility and cost-evasion to our drawn out customers. We investigated various choices and discovered that CleanSpark's control arrangement will best give our customers reserve funds, secure reinforcement power, and even give off-framework abilities when the need emerges. CleanSpark will give us the assets, connections and advancements to guarantee that the energy arrangements are appropriately streamlined to address the issues of our insightful private and business clients."

Read More


Sunflower Solar Station Is Completed Under a Bta for Entergy Mississippi by Canadian Solar

Recurrent Energy, LLC | May 30, 2022

Recurrent Energy, LLC ("Recurrent"), a wholly owned subsidiary of Canadian Solar Inc., has completed construction on a 100-megawatt renewable solar power plant near Ruleville in the Mississippi Delta, providing clean energy to Entergy Mississippi's 461,000 customers. The Sunflower Solar Station is Mississippi's largest solar facility, with enough electricity to power 16,000 homes. The Sunflower Solar Station was designed and built by Recurrent Energy for Entergy Mississippi, who will own it for the rest of its life. The Sunflower project is one of the first utility-scale solar projects in the United States to be built under a Build Transfer Agreement (BTA). In 2018, Recurrent Energy and Entergy Mississippi executed a BTA that designated the regulated utility as the Sunflower project's owner after it reached commercial operation. The Mississippi Public Service Commission unanimously authorized the BTA in April 2020. "It's a historic day for Entergy Mississippi, our customers and our state.Powering communities is the heart of our business, and this power station does that in several ways—by providing clean, green power to customers, a hedge against rising natural gas prices, and giving industries with renewable energy goals an incentive to locate or expand operations in our state." -Haley Fisackerly, Entergy Mississippi president and CEO The Sunflower project is the first of what will be the state's largest renewable energy expansion in history. Entergy Mississippi aims to replace some old natural gas facilities with 1,000 megawatts of renewable energy over the next five years under a program called EDGE, which stands for "Economic Development with Green Energy." Mississippi suppliers and construction employees were hired for the Sunflower project. The foundations were built with 2,475 tons of steel from Attala Steel Industries in Kosciusko. The perimeter fence was also installed by A-1 Kendrick Fence Company of Jackson. Workers from the area and nearby counties contributed more than half of the labor hours spent on the project's construction. The EPC provider was Signal Energy LLC. The emissions-free, renewable energy plant is located on 1,000 acres in Sunflower County and connects to Entergy's Ruleville transmission infrastructure. With 272,000 solar modules, the plant is a single axis tracking photovoltaic power generator.

Read More