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 12:07pm

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Post# 29826500

RE:RE:RE:REE Recycler - Geomega

LidLid,

Now the question of feed sources.

You claim that management is wrong when it assumes that about 25% of the REE source is available to GMA, as it is outside of China.

Well well, you also mention that only 9.5% of the source feed is outside of China as China "occupied 90.5% of the global total output".

Do you realize that we are not discussing the same issues?

Without even knowing the exact number, I think that the article is probably right to assert that China "occupied 90.5% of the global total output".

GMA management mentioned that about 25% of the source feeds that it wants to refine is outside of China. Do you realize that you are confused? Yearly total output is different than the location of the source of feeds identified by a company...

Here is a little bit of help.

China produce around 90% of the REE oxide. Is it possible that each years, China sends REE outside of China? Is it possible that GMA hopes to recycle said REE oxide, let's say an end of life turbine in Germany?

GMA intends to occupy around 0.4% of the market the first year. Up to 2 or 4% subsequently (do not remember exactly). It identified that 25% of the feeds it wants to refine outside of China. So in the thick books that you read and understood, where is the true fact in all of these numbers. Can you calculate the errors ratio?

You are calling your own confusion a fact. One philosopher once said that many people brag themselves about being able to read a lot of books, but sadly, the philosopher went on, these people cannot grasp the gist of what they read.

I will stop there Lid. I will not respond to your posts anymore as you fail to simply identify the issues to be discussed. It makes it a pain to read you.

Good luck with Ucore. You will need it.

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