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2026-11-06

← BRE management

Full background report

Kurt Forrester

Head of Metallurgical Processing

Career chronology

Education and qualifications

Issuer and SEC materials report chemical engineering and process-metallurgy credentials

Qualifications reported by 2022–2026 · issuer reported · low materiality

The issuer reports a first-class BEng (Chemical) and PhD in Engineering from the University of Sydney. Medallion's SEC filing also describes him as a graduate/PhD in Engineering and Chartered Chemical Engineer and Chartered Professional Metallurgist. Independent university and professional-register verification was not performed.

Attribution: Responsibility not applicable. The filings report these credentials; no independent registrar or membership-directory check was completed.

Relevance: Relevant to the metallurgical-processing leadership role.

Company and leadership (leadership biography: education); Medallion Resources Ltd. Registration Statement on Form F-1 (subsequent events, p.36)

Business failures and setbacks

Medallion remained non-producing and faced funding and technology-license milestones before Forrester's departure

February 2022–August 2023 · issuer reported · medium materiality

Medallion's June 2023 interim MD&A says it was not a producing entity, describes financing requirements and a Purdue license funding milestone, and records Forrester's 28 August resignation as CTO and director. In 2022, his earlier Innovation Metals resignation was described by that issuer as voluntary and related to operational challenges involving parent Ucore. These company and role facts indicate commercialization and funding setbacks; the sources do not find personal misconduct or establish that Forrester caused them.

Attribution: Role overlaps event; causation unproven. Forrester held senior technical roles during the disclosed company challenges, but the filings do not attribute the problems to him.

Relevance: Relevant to a current role that again involves technology development and process scale-up.

Medallion Resources Ltd. MD&A for the three months ended June 30, 2023 (business status, financing/licence risks and subsequent events, pp.3 and 6); Innovation Metals Corp. Announces Resignation of Senior Management Team (company release, paragraphs 1–3)

Governance and interests

Medallion disclosed fees to a private company controlled by Forrester

Quarter ended 30 June 2023 · documented · low materiality

Medallion's June 2023 MD&A disclosed C$64,454 of management and consulting fees to a private company controlled by Forrester, described as a former director and CTO; C$63,080 was owed at June 30, 2023. The disclosure does not state that the fees were improper or on non-market terms. It is a disclosed connected-party interest.

Attribution: Individual involvement documented. The filing records the relationship and fees; no adverse finding or evidence of improper terms was located.

Relevance: Relevant to transparency around external consulting interests, with no wrongdoing inferred.

Medallion Resources Ltd. MD&A for the three months ended June 30, 2023 (related-party transactions, p.13)

Suitability for the current role

Rare-earth process engineering experience is directly relevant to BRE's development strategy

Current role at 1 November 2026 · analyst inference · low materiality

Analyst inference: the issuer describes more than 15 years in rare-earth and critical-metals processing and roles developing Medallion's monazite process and Innovation Metals' RapidSX. The biography does not independently establish commercial-scale operating results or his individual technical performance.

Attribution: Responsibility not applicable. This is a role-fit assessment, not an endorsement of any process economics or technical claim.

Relevance: Directly relevant to flowsheet development, metallurgical testwork and process scale-up.

Company and leadership (leadership biography: current and prior process roles); Medallion Resources Ltd. Registration Statement on Form F-1 (subsequent events, pp.36–37)

Evidence gaps

  • The current company website and available filings do not give Forrester's BRE appointment date or a full employer chronology.

  • Medallion and Innovation Metals setbacks are company-level context; no source connects their funding or operating difficulties to personal misconduct or establishes individual causation.

  • The Medallion consulting fees were disclosed but no separate review of their market terms or governing approval was completed.

  • Open-web searches are not an exhaustive criminal, sanctions, litigation, regulator, reference or credential check.