February 23, 2021
Canadian firm secures exclusive rights to Purdue's rare-earth element separation and purification technology, a $4 billion global market
Medallion Resources Ltd. acquired a license from Hasler Ventures LLC for exclusive rights to Purdue University-developed rare-earth element separation and purification technologies, officials announced Feb. 18. The license provides Medallion with a portfolio of technology, patents and know-how for ligand-assisted displacement (LAD) chromatography to deploy in the separation and purification of rare-earth elements (REE). The rights are assigned from Hasler Ventures and are licensed by Purdue Research Foundation. The LAD system, developed by Linda Wang, the Purdue Maxine Spencer Nichols Professor of Chemical Engineering, is built upon a well-understood and widely used platform that provides an environmentally safer method for REE separation with low technology risk.