Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 SCORPION17on Apr 28, 2014 10:10pm
338 Views
Post# 22500645

From MD&A April 28/14

From MD&A April 28/14OUTLOOK The Company anticipated releasing the Montviel PEA by the end of March 2014. Following the identification of the sizeable HREE-S zone during Phase 3, management decided to adjust the Montviel PEA mine plan to account for the discovery. The HREE-S Zone, 400% enrichment in dysprosium, a key element in the high performance permanent magnet industry, should improve the annual distribution mix of REE. The final mine plan adjustments and metallurgical tests are ongoing and are the last significant adjustments in the PEA. The Company is currently planning and budgeting for the development of the proprietary REE physical separation process and the development of the Montviel project. The optimization tests and engineering required prior the building of an initial prototype are set to begin in June 2014 and are expected to be completed by the end of 2014. Although the financial condition of the Company has improved following the closing of a $3,315,000 brokered private placement on April 14, 2014, additional funding will be required to achieve the Company’s development goals.
Bullboard Posts