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Geomega Resources Inc GOMRF


Primary Symbol: V.GMA

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

Comment by outonthetileson Mar 03, 2021 2:37pm
383 Views
Post# 32706835

RE:selloff.....

RE:selloff.....

Nirvaan wrote: Anyone have an idea as to why the price pressure today?

Doesn't really matter. If you've been in Geomega long enough you're immuned to this sort of frustration. What matters is an update. When we get that (and hopefully it's worded clearly) it should clear the air. 

I'm thinking by July the Biden administration should be releasing their first assessment of the US supply chain shortage of rare earths. At that time we'll see the words rare earths......recycling.....and permanent magnets in the headlines. This should bring new investors into the sector. 


 

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