Geomega Resources Inc V.GMA

Alternate Symbol(s): GOMRF

Metals & Mining Industrial Metals & Minerals

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

Geomega Resources Inc

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Post by Mouloukon Nov 19, 2014 11:00am

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Post# 23143787

Prototype / Nelligan project / Iamgold

If Iamgold reach the same deal with GMA that they made with Vanstar Mining for the Nelligan project, GMA will have to think at other solution to finance the Prototype. We heard that the prototype will cost between 10 to 30 millions, which is way higher than the actual market cap. In addition, the corporate presentation indicates that GMA will work on this prototype for the entire year 2015. I don't know if there are other financing solutions than issuance of new shares, but dilution seems to be what will be happening sooner than later...

Moulouk

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