Geomega Resources Inc V.GMA

Alternate Symbol(s): GOMRF

Metals & Mining Industrial Metals & Minerals

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.

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Geomega Resources Inc

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Comment by Knadianon Nov 01, 2018 3:08pm

66 Views

Post# 28909927

RE:RE:RE:RE:RE:RE:Back to 0.75 soon

This is a question I may be able to clarify for you terrafirma555, as I have already asked the CEO Kiril Mugermann this very question.

The term "conditional funding" was added at the request of the Governement in that their funding is stritcly intended to help cover researchers’ salaries. GoMgA is still responsible for all CAPEX expenditures (equipment purchases etc..).

Hence it isn't so much "conditional funding" as much as the government is ensuring that they are not bank rolling the whole enveadour.

Hope this helps

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