June 1, 2017 / 10:05 AM / 4 months ago

BRIEF-Medallion, Rare Earth Salts agree to produce rare earth products

June 1 (Reuters) - Medallion Resources Ltd:

* Medallion and Rare Earth Salts agree to produce rare earth products

* Medallion Resources - co, Rare Earth Salts Separations and Refining have executed a non-exclusive commercial agreement

* Agreement to produce, market and share revenues from sale of finished rare-earth products

* Medallion Resources Ltd sees initial production volumes of 500 tonnes/year of rare-earth oxides beginning in 2019, growing over time to 3,000 tonnes/year

* Certain commercial terms will be finalized prior to commercial production

* Medallion Resources Ltd - agreement contemplates co producing, supplying its rare-earth concentrate to rare earth salts for separation and refining Source text for Eikon: Further company coverage:

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