June 1 (Reuters) - Medallion Resources Ltd MDL.V :
* 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: ID:nCCNR6D69a Further company coverage: MDL.V