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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 Oct 24, 2015 10:47am
133 Views
Post# 24223482

RE:Devrait pas être sur ce site

RE:Devrait pas être sur ce siteFinancing of Innord is the big one. Reading the latest presentation, I get the impression they are putting the PEA on the backburner. With the comment about going over budget, I assume they don't have the cash to finish it up. My assumption only. And why not delay it? Finance Innord, get some sort of pilot plant running, make a few dollars recycling, prove up the technology, and then they can start to consider Montviel
Bullboard Posts