Geomega and Rio Tinto Extend Collaboration - Rio Tinto to invest additional $1M
MONTREAL, April 25, 2022 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) (OTC: GOMRF), a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials, is pleased to announce that Innord Inc., its wholly owned subsidiary, has signed a Term Sheet with Rio Tinto to enter into a Development Agreement for Bauxite Residues Iron Phase Product. As part of the agreement, Rio Tinto will provide $1M in funding for Innord to complete the required proof of concept work and the subsequent small scale locked cycle pilot plant at its Boucherville facilities.
Geomega and Rio Tinto Extend Collaboration on Bauxite Residues
April 25