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 Oct 29, 2019 3:45pm

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Post# 30283210

RE:RE:RE:RE:RE:RE:RE:RE:GMA is about to rocket up

Thanks for the precise answers!

I did not remember that the property was to be leased, o maybe it was, but at least, it reduces the CAPEX necessary.

Thanks for the information on financing. I guess that the financing must be tied up with other conditions as we were expected it for July. Same for the offtakes.

Revenues: Interesting that there is discussions about 2 sites. Also a first for me. I do not remember that it was discussed. Has there been any discussions as to possible location of this second site (e.g. Singapore)?
Has there been any discussion about recycling other strategic metals? Mr. Mugerman mentioned this in the latest Newton interviews.
Adamas was not really impressed with potential revenues for GMA and GMA' potential bottom line. Alpha was more positive, but no hype right now around GMA. Did the company addressed this issue one way or the other?
Any discussion about the performance and necessity of the Howard Group?

Thanks again for the valuable information. I hope that we will see videos sooner than later on GMA's recent developments. GMA needs to be on the news as much as possible. Everyone that I know analyze GMA like a traditional REE junior company, which is not accurate.

Thanks again MrDales!

Moulouk

MrDales62 wrote: Hello Moulouk.

I will try to answer your questions in order.

Head count - 30'ish

Q2-Q3 -Yes, but Kiril will strongly push for this timeline, he will be very hands on

Plant - Paperwork to be finalized soon on lease site, site is picked and zoned accordingly

Funding - Soon and very soon (you didn't ask, but I threw it in)

Staff - I meet three or four "lab people" employeed by GMA, more will obviously come once EPCM starts and progresses. EPCM will commence after plant and funding news released.

Revenues - Kiril gave a presentation at the AGM and one slide did have revenue projections for 1 plant, 2 plants and magnet waste market. The magnet waste market is a hugh potential, market size over $1 billion and he said if we could get a piece of that, KABOOM. Slide was similar to page 16 in the current presentation on the company website, only with two more columns.

KTR - I own shares in both companies and was invited along with geologists, analysts and some other shareholders. The property certainly has potential, IMHO.

:)