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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

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

Bullboard Posts
Comment by norim109on Mar 30, 2011 2:48pm
348 Views
Post# 18362429

RE: comparision

RE: comparision
I fully agree with your statement.  GMA has more potential to become a mine.

Kenya is one of the worst jurisdiction for mining in the world and one of the worts in Africa (just asked TIOMIN officials).  The population is against mining especially when investors are from Western countries.

As the ore in Kenya is likely to be radioactive (REE is often associated with thorium) the population will say no to the project. The administration of the mining department is highly corrupted and will slow down any permit approval.
Bullboard Posts