Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:GMA - Post Discussion

Geomega Resources Inc > Yesterdays news release,

View:

Post by NickCarpathia on Nov 29, 2023 9:14am

Yesterdays news release,

Does this mean the costs have gone over $8-10 million now? What a joke.

MONTREAL, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) (OTC: GOMRF), a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials, is pleased to announce that it has obtained $2.04 million funding from Next Generation Manufacturing Canada (NGen) for the construction of Geomega’s rare earths recycling demonstration plant in St-Hubert, Quebec. The funding is part of a total envelope of $2.96 million awarded to Geomega and a private Quebec based R&D company to perform the project titled “Recycling and Production of Rare-Earth Oxides from Permanent Magnet Scrap”.

288