Medallion Resources (CVE:MDL) further strengthened its team by hiring two key personnel members in a move to help the company with its monazite-based rare earth strategy.
rare earth production strategy exploits currently mined monazite
resources, which are a by-product of heavy-mineral-sands and typically
discarded during the processing flow.
Monazite is a rare earth
phosphate mineral with a proven, metallurgical extraction process which
has successfully produced commercial rare earth products for over 100
With more than two decades of experience in international
finance, Sothi Thillairajah has advised North American companies on
Middle East joint ventures and early-stage mineral projects in Latin
America and Africa.
Thillairajah has been appointed general
manager Middle East to work on plant-siting, financing and logistic
issues, within the Indian Ocean basin, related to Medallion's planned
large-scale, rare-earth processing facility.
Most recently, he
was managing director of Revere Capital Advisors, a hedge-fund seeding
group, where he worked with investment professionals at Middle Eastern
Thillairajah earned a BA cum laude in
economics at the University of Rochester and also holds a Masters of
business administration in finance and statistics from the University of
The second hire, Warwick Bartle, a sales and marketing
veteran in the mineral-sands sector, has been appointed director,
feedstock acquisition to secure long-term monazite supply contracts.
Bartle, who is based in Australia, graduated from the Royal Institute of Chemistry in London. He began as an industrial chemist
working in pigment production for Laporte Titanium, now Cristal Pigments.
the years, Bartle has worked for titanium minerals and monazite
companies like Western Titanium, QIT and Cable Sands. His commercial
experience with titanium and related minerals spans almost 50 years.
these key people highlights our progress toward the planned financing
and construction of a monazite-based, rare-earth processing facility,"
Medallion's chief executive Bill Bird said in a statement.
can now confidently choose a location for our rare-earth processing
facility. Our search is focused on the Indian Ocean basin, where the
majority of the world's monazite is located."
Earlier this year,
the company received a report by SENES Consultants which concluded that
its large-scale monazite extraction facility could be operated safely
A concern with all rare earth processing is the
safe handling and disposal of the various wastes, including the
radioactive elements that are naturally present in all rare earth