Geomega to Develop Sustainable Technologies for Critical Metals - Seite 2

Geomega is already evaluating several feeds in the mining industry, e-waste, mining tailings and industrial waste that have significant value in metals such as cobalt, lithium, vanadium, nickel, niobium, titanium, tantalum, chromium and other metals.

“Geomega’s team has steadily grown along with its expertise in metal extraction, purification and sustainable processes,” said Mugerman. “Our original objective was to develop clean and environmentally sustainable metallurgical processes for rare earth elements but, as we had developed our expertise, we recognized that more opportunities are appearing for other metals which are both critical and required for many of the technologies being adopted today in the renewable energy and vehicle electrification sectors. Currently, our focus is to continue working with companies in production with active streams that need immediate and difficult to address solutions. Our research and development team needs to be commended for bringing the ISR technology to the point whereby the rare-earth magnet recycling project is approaching a gradual hand-off to engineers for construction. This would create opportunities to evaluate other metals and other rare earth streams that could ultimately bring revenues to the Corporation in the form of royalties and licenses. Geomega is in discussions with several potential industrial partners which would facilitate funding opportunities from the various levels of government, who support green innovation technologies in the metal extractive sector. Ultimately, this will maximize shareholder value and generate various potential revenue streams,” adds Mugerman.

About Geomega (www.geomega.ca)
Based in Boucherville and St-Bruno, Quebec, Canada, Geomega Resources has developed a proprietary, environmentally friendly “ISR Technology” that recycles rare earth elements with focus on the permanent magnet industry and produces four high demand, high price, rare earth elements (HHREE), specifically Nd, Pr, Tb and Dy.

The Corporation is advancing towards initial production from its demonstration plant to supply HHREE’s to North America and other parts of the world.

Geomega also owns the Montviel rare earth carbonatite deposit and holds over 16.8M shares, representing approximately 19% of the issued and outstanding shares, of Kintavar Exploration Inc. (KTR.V), a mineral exploration company that is advancing the Mitchi stratiform copper project in Quebec.