Geomega Provides Update on Demo Plant, Project Design Change and Start of Site Preparation Activities at Saint-Hubert Facility - Seite 3

	Batch Design	Continuous Design
Operation schedule	8-10 hrs per day	24 hrs per day
Process cooling technology	Cooling tower with regular water discharges	Chillers with closed loop operation
Magnet throughput capacity	1.5 tpd	1.5 tpd
Heating duty	1,962 kW	466 kW
Cooling duty	1,940 kW	449 kW

Start of Site Preparation Activities at the Saint-Hubert Facility
Following a thorough review of the required construction activities and the ongoing design change, the engineering team was able to select several items that are not being impacted by the design change to continuous operation. In particular, Geomega has secured the services of a local construction company that will manage and execute the required work. The site preparation activities that have begun at the Saint-Hubert facility include some of the civil work that is not being affected by the design change, electrical work, installation of the required fire protection system and the HVAC system for the rare earths recycling demonstration plant. The majority of that work is expected to be completed by end of June 2024. Engineering and procurement work will continue in parallel to these site preparation activities to avoid any further delays once equipment installation and assembly is ready to commence.

“We have been working diligently with all the stakeholders to build a sustainable solution for rare earths recycling. Although we have some challenging engineering work to do during the coming months, we are excited to finally start the site preparation activities at our Saint-Hubert facility. We believe that the proposed design modifications not only resolve the obstacle we faced with the municipality’s sewer infrastructure but overall makes our process a more environmentally sustainable technological solution to REE recycling, a more robust industrial application and a better demonstration plant for our future clients to see. As design modifications and procurement progress during the coming months, we will be better positioned to provide regular updates. In addition, I would like to highlight that none of the recent developments and changes to the REE demonstration plant are expected to affect our bauxite residues valorization initiatives. Furthermore, we continue to believe that the centralized facility in Saint-Hubert is the best available option for both the demonstration plant and our other R&D activities,” commented Kiril Mugerman, President & CEO of Geomega.