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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 linus4on Oct 06, 2014 2:09pm
250 Views
Post# 23002838

Problems with the technology?

Problems with the technology?Although the Co. hasn't told the shareholders yet, it appears the market has caught wind of some problems with bringing a successful separation process to the next level...At this point in time , the market is saying there is less than 10% chance of them ever being successful at separating REEs in an economic manner.Insiders aren't jumping in with their own money even with what seems to be bargain prices & they may be correct..without an economically successful working prototype ,the REE's become virtually worthless & the shares revert back to pennies...I am long & therefore hoping I am wrong !
Bullboard Posts