Medallion Resources Ltd. engages in the acquisition, exploration, and evolution of mineral properties. This includes evaluating the merits of these properties using various techniques such as sampling, trenching, drilling, and geophysical and geochemical survey methods. It focuses on rare-earth business strategy involving the mineral monazite. The rare-earth elements are inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. The company was founded on December 8, 1989 and is headquartered in Vancouver, Canada.