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Geomega Resources Inc GOMRF


Primary Symbol: V.GMA

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.


TSXV:GMA - Post by User

Comment by Mouloukon Feb 22, 2021 10:25am
107 Views
Post# 32625604

RE:RE:RE:RE:Bad news for GMA?

RE:RE:RE:RE:Bad news for GMA?

Olimagne, we all agree on that. GMA wants to be the first mover.

However, claiming that you want to recycle REE does not make you a recycler. R&D have been performed for decades in this sector without success. It is a trend in the market to label you as green, participating in the circular economy and so on. But GMA is closer than ever whereas the competition needs a lot of R&D to get where GMS is now at.

And please remember that GMA is now also claiming that it will recycle other strategic materials. First thing first, but the business plan let us see all kind of opportunities, no matter what the market conditions will be for one strategic metal vs another one.

GMA is an innovative company and will be difficult to copy:
-it decided to put the exploration side of the business on the sideline;
-entered the recycycling business long before the others;
-concentrated on the green separation;
-concentrated on the most valuable REE which increase the margins.

All of that will be difficult to copy this year, as the demonstration plant will, in all likelyhood, be ready this year.

Moulouk


Olimagne wrote: If Gma want to keep their first mover advantage they better start to build and produce. Even if I think there is room for more then 1 Rare earth recycler out there.

 

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