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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 ProOrbiteon Apr 13, 2019 11:10am
148 Views
Post# 29622747

Dotting their I’s and Crossing their T’s.

Dotting their I’s and Crossing their T’s.Had to reflect here to try to understand/Speculate what may be developing
behind the scenes. They would not make all those contacts and contracts if this
Mini pilot plant did not demonstrate the commercial viability of the
disruptive Separation technology?
 
Kiril said that they are dotting their I’s and Crossing their T’s.
Opex will be released soon. Next NR?



A while back they announced in a  press release the following.

“In addition, GoMgA has filed to extend the expiry date of 1,302,778 warrants
 for two years as per the table below, subject to the TSX Venture Exchange approval.
There are no other proposed changes to the terms of the warrants.
Number of Warrants    Current ExpiryDate       NewExpiryDate      Exercise price
1,302,778                           June 19, 2018                    June 19, 2020     $0.23
https://ressourcesgeomega.ca/wp-content/uploads/2018/06/2018-06-27-Grants_En.pdf
 
Is that not approx $300,000 in the coffers? That would pay for some of the
Contractual obligations. Having said that, again it appears they expect at least a 23
cent share price soon. or maybe a target? That’s encouraging for myself.
 
We have all had a lot of pain holding this stock. Hopefully now it’s time for the gain!
A REAL GAIN!

With the most recent news release in obtaining the Howard Group it bodes well for us, I believe.
Did UCORE not get a lot of institutional investors on board?  Will the Howard Group do that for us
as well? The Howard group in the following video is informative. Howard group is picky on who
they will get involved with as well. They will also invest in the company. Is that what we have seen
lately or is there more to come? This is just my opinion/speculation for what it’s worth.


Cross19 mentions the options as well for the Howard Group. 500,000 @16 cents.
That’s another $80,000.


 
Grant Howard, President of the Howard group is very articulate as he’s says we do not promote a stock we promote a business. His job it to fill the seats in the investment Theater and its Geomega/Innord to tell the story.

In telling that story  Geomega/Innord HAS NEW ISR Green technology. The only North American to be producer of Rare Oxides using permanent magnets and residues. This new method will not produce any toxic waste. All Metal hydroxide will be sent to another recycler. Either that is free which saves them tipping fees or they are as well will be receiving money for that Iron Hydroxide. 70 % is iron in the permanent magnets.
 
One other bit of cheese that was left to nibble on in speculation was this.
“Moreover, Innord is evaluating an option to use a byproduct of the process as a green
source of energy to potentially become energy selfsufficient” Cobalt is a by product?
 
Add to that; Montviel world class rare earth deposit that is 43-101 compliant.
Add to that; 17.8M shares or 20% of Kintavar stratiform copper/silver deposit
Add to that; somehow the distribution of a % of KTR shares to Geomegas share holders.
Add to that...to be continued
 
Yep its some story! I nice story that I am part of as well as the old guards here on this bullboard!
 
On a side note Kintavar has been a little quiet for a while they are still waiting on Results of preliminary metallurgy (extraction and sorting).

If anything I think Kiril did an outstanding job in getting the Howard Group on board!
Well Done Kiril!

GLTA
Do your own DD. Please.

Bullboard Posts