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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 Mouloukon Jun 29, 2016 1:11pm
120 Views
Post# 25009200

RE:RE:RE:Up 3 cents (20%) on low volume??

RE:RE:RE:Up 3 cents (20%) on low volume??Good point Goldn1. I made a quick search on the web to get a bit more details on the transaction. Investissement Quebec provided a loan of about $9.8M out of the $15.36M for the total transaction: https://www.lechoabitibien.ca/actualites/economie/2016/6/23/fortress-vend-son-usine-de-lebel-sur-quevillon.html The article mentions that the objective of Nexolia is: "Nexolia Bionergie entend quant elle produire de l'nergie thermique et de l'nergie mcanique sur le site, en plus d'y implanter des serres. Fortress dtenait un contrat pour la fourniture de 45 mgawatts d'lectricit Hydro-Qubec. Ces projets devraient crer une centaine d'emplois au cours de la prochaine anne. Selon Radio-Canada, la reconversion de l'usine devrait ncessiter un investissement de 70 M $. Le projet doit tre prsent la population de Lebel-sur-Quvillon le 11 juillet." Maybe there will be benefits for GMA. In the meantime, we will keep on being patients and hope for an increase of a penny or two in the share price while we wait for Q4 2016. Moulouk
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