Geomega Signs LOI with Everwin Magnetics - Seite 2

About Geomega (www.geomega.ca)
Geomega develops innovative technologies for extraction and separation of rare earth elements and other critical metals essential for a sustainable future. 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. Geomega’s strategy revolves around gradually de-risking its innovative technology and delivering cashflow and return value to shareholders while working directly with the main players in these industries to recycle the magnets that power all those technologies.

As its technologies are demonstrated on larger scales, Geomega is committed to work with major partners to help extract value from mining feeds, tailings and other industrial residues which contain rare earths and other critical metals. Irrespective of the metal or the source, Geomega adopts a consistent approach to reduce the environmental impact and to contribute to lowering greenhouse gases emissions through recycling the major reagents in the process.

Geomega’s core project is based around the ISR Technology (Innord’s Separation of Rare Earths), a proprietary, low-cost, environmentally friendly way to tap into a C$1.5 billion global market to recycle magnet production waste and end of life magnets profitably & safely.

Geomega also owns the Montviel rare earth carbonatite deposit, the largest 43-101 bastnaesite resource estimate in North America 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 exploring for copper projects in Quebec, Canada.

About Everwin Magnetics (https://everwinmagnetics.com/)
Everwin Magnetics focuses on the magnet and motor business serving North American customers. Located in Aurora, Ontario, Canada, Everwin magnetics is a division of Forte Mobility. Located in a 20,000 sq. ft. facility Everwin is developing NdFeB magnet production from machining to surface treatment and is offering magnet and motor solutions and associated services.

For further information, please contact:

Kiril Mugerman

President and CEO

Geomega

450-641-5119 ext.5653

[e-mail] Nancy Thompson Vorticom Public Relations 212-532-2208 [e-mail]