“With Geomega moving towards production, the two Funds that greatly supported our vision to create a clean tech rare earths facility, have now fulfilled their mandate in the creation of our R&D subsidiary and moving the technology forward to where we are at today. We are very thankful to the Funds for having the confidence, […]
Mr. McWhirter has more than 30 years in the securities industry and is a top-ranked money manager in Canada. He uses a 12-factor stock selection methodology that has both growth and value characteristics, including: return on equity, earnings surprise, earnings estimate revision, price to book, and price to earnings ratios.
What you will see here is that we went from being a mining company ten years ago to focusing today on the refining and recycling of rare earths. Why that’s very important is because going and building a mine is not so easy. We are not that far from the only US mine that was […]
Geomega is scaling up a decade-in-the-making environmentally friendly processing technology to begin commercial production of saleable rare earth products from various waste feeds in 2020.
“The (mining) project is not forgotten, it’s still within the company,” said Mugerman, “but today to bring it to value is very hard. It’s a very high risk for a company to begin committing hundreds of millions of dollars when you don’t control your destiny — if the price goes up, China can still bring it down.”
Please find attached all the required documents for the 2019 Annual General Assembly: Notice and Access (EN / FR) Management Circular (EN / FR) For any additional information, please contact firstname.lastname@example.org
Geomega Resources is improving its proprietary ISR technology as it moves closer to being Canada’s first rare earth elements recycler and the only one outside China. The company operates a pilot plant and has made several optimizations recently.
“It is important to plan ahead, and we are glad that vehicle manufacturers are looking at ways of recycling permanent magnets. We see a significant increase in sales of electric vehicles and in installation of wind turbines world wide, two major consumers of permanent magnets. We already see supply becoming available from these applications and with only more becoming available every year. China is clearly ahead of the curve and has been recycling these scrap magnets for many years already by using their existing solvent extraction facilities. The ISR technology should fit in perfectly to help this growing problem of recycling permanent magnets outside of China.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.
“With the major development events over the last 12 months for our separation technology and its application in the recycling of permanent magnets, Innord and Geomega are well positioned to become a leader in rare earth extraction and refining. As our technology matures and scales up, we should be in a position to supply rare earth oxides to North America and Europe and be ready to develop our rare earth Montviel project when the markets improve to justify new REE mining projects.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.
GéoMégA president and CEO Kiril Mugerman discusses the prospect of producing rare earth elements (REEs) in Canada for the magnet industry via clean mining and processing practices. This presentation was part of the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.
Price volatility for rare earth minerals is expected due to shifting demand and supply Nils Backeberg, senior analyst at Roskill, educates Proactive Investors on today’s markets for rare earth minerals, with particular attention to factors influencing demand and thus prices. Roskill will be publishing a report on rare earths later this month.
“Electric vehicles need magnet-based motors. Permanent magnets need rare earth oxides. To make rare earth oxides you need raw materials. While we own a world class deposit in Montviel, current market conditions make it difficult to develop new rare earth mines. Innord’s ISR technology can process various feeds which gives us a major advantage to be able to start producing rare earth oxides from such an important industrial source. We believe that rare earth magnets are the future of the rare earth industry and developing the recycling of permanent magnets and permanent magnet residues is just as important as developing new mines.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.
“We started developing the technology from very small scale. You need to be careful — it’s a difficult task. Separating earth elements is one of the most complex chemical processes in the world. Our idea was that we will have our own technology and that will help us to build a mine. The leverage really came when we started developing this technology. We decided that we didn’t want to have a black box where nobody knows how it works and we need to raise hundreds of millions of dollars to build a mine. Instead, we started going towards proving that our technology works by processing existing feeds. The best existing feed is an industrial residue, which is coming from the main application of rare earths — permanent magnets.