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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 BombVarkon Apr 30, 2015 2:37pm
110 Views
Post# 23681787

RE:RE:20 cents soon.

RE:RE:20 cents soon.In golden's defense, he very possibly could have been right. Geomega kept us waiting and hoping in the dark for the past few years. The results still remain to be seen, so all is not well quite yet. However, I put him on ignore after he kept insisting that DD was a credible source of information.

The question of innord is interesting, it would seem to depend on how they arrange financing of the proto-type. Geomega now owns 100% by owning 100 shares. If Innord raises by some equity raise then we are diluted in regards to the separation process. The company apparently feels it will be easier to raise omney through the use of a private subsidiary. 

I did fail to note that Geomega now claims no special reagents are required, I think I remembeer Lifton voicing a concern that special regents would be needed. All in all, very encouraging news.
Bullboard Posts