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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 > News from GMA (french)
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Comment by outonthetileson May 10, 2022 11:04am
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Post# 34670393

RE:News from GMA (french)

RE:News from GMA (french)“Geomega is in the strongest financial position it has ever been. The most recent private placement funding with cornerstone investor Mr. Michael Gentile, CFA (see press release from May 4, 2022) along with the aforementioned security exercises and other committed funding, will allow the Corporation to accelerate and fully fund it’s key commercial focused projects such as the magnet recycling plant, our bauxite residues project with Rio Tinto and the application of our IP and technology platform to the 100% owned Montviel rare earth deposit. This funding is in addition to the $4.2M (see press release from February 9, 2022 and May 4, 2022) in non-dilutive funding commitments from governments and industry partners such as Rio Tinto. Given the Corporation’s strong balance sheet, we should be able to dramatically accelerate both our current projects and our exciting pipeline of R&D growth projects focused on sustainable technologies in critical and strategic metals. With record levels of investment planned in our numerous commercial focused programs and with end market demand for our solutions never being stronger, the future looks very bright for Geomega.” commented Kiril Mugerman, President and CEO of Geomega.
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