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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

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 123buyholdhopeon Jun 04, 2021 4:44pm
216 Views
Post# 33333926

RE:RE:thread on twitter. Looks to be US based

RE:RE:thread on twitter. Looks to be US basedI agree that long term Geo will do well. Did not really participate that much in the last 6 months REE trading hype (in terms of % gain), as this was more focused on the small niche traditional miners; especially with announcements that the large majority of US DoD and DoE funding was at that time going to more traditional based REE miners (i.e., Lynas, MP and REEMF).

However, I think the market now waits to see how Biden will approach the US RE sector (after Trump’s moves)? To what degree will he (and/or his party left) require recycling to be a focus of any strategic moves emerging from his 100-day critical supply report?

As recently indicated, Geo has now expanded its recycling platform, while still maintaining its moat/prime mover potential status as the ROW REE niche recycler. Therefore, the only niche REE recycling access point for investors (Urban Mining not yet announced any planned IPO).

While I believe that the recycling focus is now receiving much greater media interest than even just a year ago, I think that such moves will still follow behind more traditional feedstock, processing financing and development. However, investor rewards will, IMO, only be delayed, rather than diminished.

GLTA - https://twitter.com/EarthsRare

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