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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Comment by Mouloukon Jun 14, 2019 11:37am

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Post# 29826343

RE:RE:RE:REE Recycler - Geomega

LidLid,

Now you are starting to understand what a discussion is.

Waste rate: from your last post, I understand that you claim that the management is not accurate by pretending that the waste from permanent magnets manufacturers is between 15 to 25%. Therefore, let me ask you questions, as you seem eager to teach everyone your unlimited knowledge:

Where is your 0.60% coming from? (Sorry I have a hard time trying to decipher your numerous posts);

Are you talking about end of life feed or the waste from the magnets producers?

Is the 0.60% applicable to all the permanent manufacturers in the world or it may be different from one to the other?

What happen if one permanent manufacturer in the world has more waste than some others (and let's pretend that this manufacturer is in Texas and signed a LOI with geomega)? Will your 0.60% stay the same or your stats include all of the permanent manufacturer in the world and all of them have always the same amount of losses, namely 0.60%?

Simple questions and just related to the waste.

Moulouk

LidLid wrote:

Mgmt claim fact

out side of china production 25.00% 9.50%

waste rate 15-30% 0.60%

Other magnet recyceler No Yes, Dell and others,

LidLid wrote: GMA need secure magnet feed, otherwise it will face trouble.
1.Dell is working with hard drive manufacturer Seagate and ITAD firm Teleplan on a pilot project that is feeding recovered magnets into thousands of new hard drives.
https://resource-recycling.com/e-scrap/2019/05/02/rare-earth-magnet-recovery-feeds-new-hard-drives/

2.China is the world’s largest both producer and exporter of rare earth permanent magnets. In 2018, it occupied 90.5% of the global total output and exported roughly 39kt worth $1.87 billion
Volume is in China, not outside.
https://www.reportsnreports.com/reports/2058476-global-and-china-rare-earth-permanent-magnet-industry-report-2018-2023.html