Geomega Adds Technical and Operations Management Experience; Nominates Nicholas Nickoletopoulos to its Board of Directors

MONTREAL, Sept. 16, 2020 (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, is pleased to announce that Mr. Nicholas Nickoletopoulos will be presented as a new nominee to the board of directors of Geomega. Director Jean Demers will not be standing for re-election. The new director will be proposed at Geomega’s Annual General Meeting (“AGM”) which will take place on Wednesday October 21^st, 2020 at 10 a.m. (Eastern Time) at McMillan LLP 1000, Sherbrooke W, Suite 2700, Montréal, Québec.

“As Geomega evolves to its next stage of growth, the company keeps adding new expertise and knowledge to its board of directors. Nicholas brings the technical metallurgical engineering background that was missing and adds to the operations management experience.” said Kiril Mugerman, President & CEO of Geomega. “His background in operations both in Quebec and abroad will be instrumental as the Corporation looks to expand its operations in the future. His knowledge of the metals processing industry could open the door to other industrial waste streams where critical metals could be extracted and are being lost today. Recruiting a Quebec-born candidate of his caliber who spent his career in manufacturing locally specialized goods and who successfully expanded outside the province is great for Geomega and demonstrates the deep and diversified pool of talent in Quebec. Additionally, I would like to thank Director Jean Demers for his contribution to the Corporation and wish him well in his future endeavours.”

Mr. Nicholas Nickoletopoulos, P. Eng. (ON), Ph.D. brings over 25 years of operational, technical and executive management experience in the metals industry.  Currently, he is President, Managing Director and minority shareholder of Metalunic, a Quebec-based manufacturer of metallic building envelope products primarily composed of Canadian base materials. Previously, Nicholas led Urecon as President, CEO, minority shareholder and Director from 2013, a Canadian-based manufacturer of factory-insulated piping systems and insulated product solutions until its acquisition by Switzerland based Georg Fischer Ltd. in 2019 (FI-N on the SIX Swiss Exchange).  From 2009 to 2013, he was General Manager for Sivaco Wire Group and Ifastgroupe concurrently, both Quebec-based manufacturers of carbon and alloy steel products with 5 manufacturing facilities in Quebec and Ontario and 7 distribution facilities across North America.  From 1994 to 2009 he held various posts including Manager of Technical Services and Product Development and Director of Marketing for Ivaco Rolling Mills.  Dr. Nickoletopoulos sat on the Board of Directors of Durabox Paper Inc. from 2003 to 2016 until it was acquired by Supremex Inc. (SXP on the TSX). He sat on the Board of Wire Association International based in Madison, Connecticut, and acted as President and Chairman in 2012.  Dr. Nickoletopoulos holds a Ph.D. and a Bachelors degree in Metallurgical Engineering from McGill University and is a member of the Professional Order of Engineers of Ontario since 1997.