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

Bullboard Posts

Post by Mouloukon Aug 13, 2019 2:06pm

117 Views

Post# 30022927

Commerce - Private placement

While we wait, another competitor announced a PP for about 400 000$.

CCE announced the issuance of another 7.27 million shares at 0.055 (now the stock trades at 0.04). CCE has currently 310 million shares outstanding. Market Cap just over 12 million (GMA just over 14 million).

They also announced a share consolidation 10 to 1. The share outstanding will be just over 31 millions.

When a company starts playing with the share outstanding to make it more attractive, you presume that this company has not much to announce.

I feel that within 2 years, some companies in the REE sector may disappear.

Now, any news from GMA?

Moulouk

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