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.

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Geomega Resources Inc > Taking Profits Today

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Comment by Mouloukon Feb 26, 2021 11:06am

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Post# 32670869

RE:RE:RE:RE:RE:RE:Taking Profits Today

Bigred26: Please read what is going on on UCU Bullboard today from the long. You may conclude by yourself as to whether or not UCU could be considered as competition to GMA.

As for AMY, very interesting business plan, which looks like GMA, but for EV batteries (most importantly lithium). I watched interviews and there were no reference to REE, which is the key for GMA, as GMA's business plan focus, in the short term to permanent magnets.

Both intends to recycle and are green companies but in different sectors. Not a competitor IMO, but complementary business. Maybe one of the other can become a target of the other in the future?

But just to conclude, except for Urban mining (private company), I am not sure that GMA has much competition with respect to recycling REE. GMA seems to be the first mover (unless some posters can identify direct competition...)

Moulouk

BigRed26 wrote:

Thank you for the information moulouk,

I will have to dig deeper into Ucore and RapidX. Amy's battery recycling is focused mainly on lithium and not REEs. There is room for all of these companies in such a massive growing EV and renewable sector.

If things workout right, I may even buy back into GMA. (Looking for the pullback) Although at this time I do like the prospects of CMC. Turning waste into renewable diesel fuel that is cleaner then current fuels on the market. Just had there first big 1.5millon sale. Cash positive this year potentially. If you have the time look into them, fundamentals are strong and the market needs there products.