- Medallion Resources (MDL) has appointed Alfredo Ramos Plasencia as President, CEO and Director
- The company has also appointed Kurt Forrester as Chief Technology Officer. Forrester will continue to serve as a director
- Plasencia brings more than 20 years of experience in process industries
- He holds a Masters’s in Chemical Engineering from RWTH Aachen University (Dipl.-Ing.) and an MBA, with distinction, from London Business School
- Medallion Resources Ltd. is involved in the acquisition and evaluation of mineral resource projects
- Medallion Resources Ltd. opened trading at $0.06 per share
Medallion Resources (MDL) has appointed Alfredo Ramos Plasencia as President, CEO and Director.
The company has also appointed Kurt Forrester as Chief Technology Officer. Forrester will continue to serve as a director.
Mark Saxon, who was appointed President and CEO in May 2020, will continue as a director and Vice President of Business Development focused on upstream rare earth feedstock supply.
Douglas Newby will continue to serve as Chief Financial Officer and Corporate Secretary.
Under the leadership of Plasencia, Medallion plans to focus on mid-stream separation and purification of rare-earth oxides and salts (REOs) based on patented LAD Chromatography, enablement of upstream processing using its proprietary MMP technology, and marketing of magnetic REOs (neodymium, praseodymium, dysprosium, and terbium) to downstream rare earth permanent magnet producers and consumers.
Plasencia brings more than 20 years of experience in process industries, having worked in diverse research and development, engineering and operational roles across a wide range of sectors, including chemicals, energy and mining.
He holds a Masters’s in Chemical Engineering from RWTH Aachen University (Dipl.-Ing.) and an MBA, with distinction, from London Business School.
“I am excited to join Medallion, and as the world embarks on the transition to sustainable energy sources, it is of paramount importance to develop supply chains to provide the global economy with critical materials needed to produce, store and consume energy in an environmentally and socially responsible way,” Plasencia stated.
“Medallion is well positioned to play an essential role in ‘midstream’ refining of rare-earth elements,” he added.
He will be based in northeastern England near the Teesside technology hub. He has been engaged through the Company’s 100-per-cent-owned UK subsidiary Medallion Innovations UK Limited.
The company has issued to its leadership team, who are officers and directors, options to purchase 1,859,000 common shares of Medallion at C$0.09 per share at any time on or before October 23, 2027, subject to regulatory approval.
Medallion Resources Ltd. is involved in the acquisition and evaluation of mineral resource projects.
Medallion Resources Ltd. opened trading at $0.06 per share.
