PDAC 2016: Working around the rare earths mountain

Posted By geomega Mar 09, 2016 08:55 AM Media Coverage

By Kasia Patel Published: Wednesday, 09 March 2016 Rare earths junior GeoMega is working on securing end users and perfecting its rare earths separation technology to ensure that it retains a comfortable cash position once feasibility studies are completed and it begins to move towards production.   The lack of financing for new mining projects is spurring the evolution of creative and unconventional business models to navigate the funding drought.   Speaking to IM on the sidelines of the 2016…

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Highlights of the news release:   Innord to receive a total of $500,000 from the Plan Nord, the SDBJ and the ARBJ. GéoMégA to hold 96.1% of Innord after receiving all the funds. Management of GéoMégA to attend PDAC 2016 from March 6 to 9 at booth #2642.   Montreal, March 3, 2016 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) announces the support of the Quebec Government, as part of the Plan Nord program (“Plan Nord”), and…

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Highlights of the news release: Final closing of a Private Placement for a total of $799,500. Total gross proceeds together with the December, 30 2015 first closing of $309,075 are $1,108,075. An investment of $500,000 by Nexolia Investments Inc., a strategic local partner, making it the largest shareholder of GéoMégA at 9.2%. Vicky Lavoie, President and Founder of Nexolia, has joined the Board of Directors of GéoMégA.   Montréal, February 23, 2016 – Further to the news release of December…

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First Closing of a Private Placement for $309,075

Posted By geomega Dec 30, 2015 01:02 PM Press Releases

Montréal, December 30, 2015 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) announces the first closing of a non-brokered private placement offering (the “Private Placement”) in the amount of $309,075, consisting of a total of 3,434,167 common flow-through shares (each a “Flow-Through Share”) at a price of $0.09 per Flow-Through Share. The Company anticipates to close the final tranche of the offering consisting of units (“Units”) at a price of $0.07 per Unit on or about January 22,…

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Annual Meeting Results

Posted By geomega Nov 24, 2015 08:32 AM Press Releases

Montréal, November 24, 2015 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) announces that shareholders have approved all resolutions put forth at the Annual Meeting of Shareholders (“Annual Meeting”) held in Montreal, Quebec, on Monday, November 23, 2015. Messrs. Patrick Godin, Denis Hamel, Mario Spino, Paul-Henri Couture, and Gilles Gingras were re-elected and Mr. Kiril Mugerman was elected to serve as directors of the Company (the “Board”). In addition, the Company announces the re-appointment of PricewaterhouseCoopers, LLP, Chartered…

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Annual Meeting Corporate Update

Posted By geomega Nov 17, 2015 07:00 AM Press Releases

Highlights of the news release: Reduction of director compensation by almost 60% and a settlement to eliminate $177,500 owing to directors in exchange for 375,000 common shares; Majority of equipment received and separation testing begun in November 2015; Four major studies ongoing on Montviel. PEA pending “Plant and Infrastructure” section; Anik follow up work confirms the continuity of gold mineralization in the trenches.   Montréal, November 17, 2015 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) is pleased…

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New Gold Zone Identified on the Anik Property

Posted By geomega Sep 28, 2015 06:50 AM Press Releases

Highlights of the news release: 7 samples originating from the new Kovi showing grading from 1.05 to 31.8 g/t Au Surface follow up on the Bobby zone with a 35 by 10 meter trench resulting in 12 samples grading from 1.65 to 20.2 g/t Au   Montréal, September 28, 2015 – Ressources Géoméga Inc. (« GéoMégA » or the « Company ») (TSXV : GMA)  announces the first set of results from its 2015 surface exploration campaign of the gold portfolio. On the Anik property, nearly…

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Posted By geomega Sep 14, 2015 07:00 AM Press Releases

Montreal, September 14, 2015 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) is pleased to announce that Mr. Kiril Mugerman has been appointed President and Chief Executive Officer of GéoMégA and succeeds Mr. L. Derek Lindsay previously appointed on an interim basis. The appointment of Mr. Mugerman is effective immediately. Mr. Lindsay will continue his duties as Chief Financial Officer of GéoMégA.   Mr. Mugerman joined GéoMégA in September 2014 and was promoted as Director of Corporate Development…

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Development of Separation Process to Receive Financial Support

Posted By geomega Aug 13, 2015 07:00 AM Press Releases

Montreal, August 13, 2015 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) announces support for the development of its proprietary separation process of rare earth elements (“REE”) to maximise the value from its Montviel REE / niobium project. To this end, the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) is providing up to $200,000 to Innord Inc. over a period of 2 years to develop a process to separate the mixed REE concentrate into pure…

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GéoMégA Files NI 43-101 Report for Updated Resource Estimate for Montviel

Posted By geomega Jul 30, 2015 05:18 PM Press Releases

Montreal, July 30, 2015 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) announces that, further to its news release of June 17, 2015, it has filed its National Instrument 43-101 technical report titled “Montviel Rare Earth Project Québec, Canada” dated June 15, 2015, on SEDAR at The report can also be found here.   The resource estimate was prepared by Elzéar Belzile, Eng., independent Qualified Person as per NI 43-101, of Belzile Solutions Inc. of Rouyn-Noranda, Québec.…

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