RE:RE:RE:Congratulations to Kiril and the team !!!!In particular -
- Geomega Owns 100% of the Montviel carbonatite deposit in Quebec
- Located in Quebec with power and road infrastructure available
- Largest rare earth Bastnaesite 43-101 resource estimate in North America
- 82.4 Mt @ 1.5% TREO & 0.17% Nb2O5 Indicated and over 184Mt Inferred
- Patented metallurgical process (US15/578,498)
- Strong support from the Quebec government, local communities and the CREE First Nation
- The most accessible REE project in Canada
- Project has been on stand-by since 2015 to allow scale up of Geomega’s processing technologies
Might be sold off to another party or spun off to GMA holders. Separation of assets can (not always) release value. For GMA clearly the value is in its recycling. For example (not apples to apples) but Alkane spun off its REE asset from its gold. The spinoff went from around A$1.20 up to recently around 6.60 in about 2 months. Not claiming this is destined for a GMA separation - just what happened to another REE company. I believe GMA management has already mentioned this possibility.
GLTA - https://twitter.com/EarthsRare