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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
Post by soulsister11on Jan 19, 2012 3:09pm
282 Views
Post# 19423301

Neodymium supply

Neodymium supply

Rare Earth Prices on the Downturn

NEW YORK, NY, Jan 17, 2012 (MARKETWIRE via COMTEX News Network)

Rare earth prices have taken a hit in recent months, largely due to
weak demand for semiconductors. With rare earth explorers from
outside China such as Molycorp and Rare Element Resources nearing
production, Rahul Jalan, Chennai-based advisor in Rare Earths for
Beroe Consulting India, argues that "the prices of rare earths are
likely to drop to 2009 levels due to an increase in the export quota
and upcoming new capacities outside China."


According to Steel Guru, Gallium which is material of compound
semiconductor, Gallium is less than USD 550 per kg compared with USD
1,000 in early 2011. Antimony, which is used for flame retardant, is
around USD 12,000 per tonne. "The price is a year low when Chinese
makers are still adjusting the inventory under slow export for Europe
and some of the suppliers liquidate the material at lower price
before Chinese New Year," Steel Guru observes.

Not all rare earth metals are suffering from oversupply concerns. A
recent U.S. Energy Department (DOE) report finds that limited
supplies of five rare-earth minerals pose a threat to increasing use
of clean-energy technologies. The DOE predicts that dysprosium,
terbium, europium, neodymium and yttrium will all face supply
constraints until at least 2015.

 

Hang on guys, don't forget GMA has the third biggest Nd deposit outside of China. Sooner or later, the market will have to recognize this...

GLTA!

SS11

Bullboard Posts