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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

Geomega Resources Inc. is a Canada-based company. The Company is engaged in the acquisition, exploration and evaluation of mining properties in Canada. The Company's wholly owned subsidiary Innord Inc, which is engaged in developing 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. The Company owns Montviel property, which is located approximately 100 km north of Lebel-sur-Quevillon and 45 km west of the Cree First Nation of Waswanipi. The Montviel property comprises 96 mining claims totaling 5,333 hectares. The project is comprised of 178 cells, for a total of approximately 9,910 hectares.


TSXV:GMA - Post by User

Bullboard Posts
Post by bearslayeron Mar 08, 2014 8:38am
457 Views
Post# 22297843

Ryan Castilloux: on Tasman Page

Ryan Castilloux: on Tasman PageGreat article by a well qualified person on rare earth elements: note about half the way down: : What are some promising exploration-stage projects? RC: Namibia Rare Earths Inc.'s ($NRE:CA) Lofdal project in Namibia is very interesting. The resource to date is small: only around 10,000 metric tons of REOs in situ. However, these REOs are 80% heavy rare earth oxides (HREOs) and 70% CREOs. Another interesting project is Northern Minerals Ltd.'s (NTU:ASX) Browns Range project in Australia. Similar to Lofdal, the REOs at Browns Range are around 75% HREO and 70% CREOs. GéomégA Resources Inc.'s ($GMA:CA) Montviel project in Quebec is another rising star. While it lacks the high proportions of HREOs and CREOs of Lofdal or Browns Range, the resource is very large, with around 3.6 million metric tons of REO in-situ. The company recently announced the development of a novel physical separation process for REOs, which it claims could dramatically reduce the capital required for building separation facilities. This is exciting news but still needs more verification and development. Read more at https://www.stockhouse.com/news/press-releases/2014/02/13/ryan-castilloux-sorting-reality-from-hype-in-the-crowded-rare-earth-industry#bjweiM2Kwd67pPpJ.99
Bullboard Posts