Author: geomega

News Releases

GéoMégA & Subsidiary Innord Obtain Grants for $288,000

“With critical metals being so important to clean technologies and electric vehicles, we cannot afford to keep producing rare earth elements from old and polluting technologies. We are very excited to share some of our progress and findings at the upcoming event with the scientific community which has been putting a lot of focus on these issues for all the critical metals. Our research has been producing some exciting results over the last several years and it is starting to get noticed. Getting additional funding from the Federal and Provincial governments is very important to further the development of our REE and Critical metals processing technology which could ultimately bring new industries to Quebec and Canada.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.

Media Coverage

INNORD “ISR” REE SEPARATION TECHNOLOGY

To demonstrate and de-risk our technology for the mining scale, we are currently working with the permanent magnet industry to process their waste.

First, our process to adjust the magnets and separates rare earths from iron. That residues is then reprocessed to separate irons from valuables, such as cobalt. The mixed rare earths PLS is further processed to separate one rare earth at a time to 99% plus purity. Once all the rare earths are separated, the reagent is recovered to restart the process.

Once demonstrated on a small commercial scale with magnetic residues, innord’s modular technology can then be easily applied to a mining operation. This technology has the potential to significantly reduce the environmental footprint of rare earth mining to reduce the current cost of rare earth separation and to ultimately bring rare earth production back to North America.

We are Geomega. We offer a clean, innovative solution to rare earth separation without any organic solvents. Our scale-up model is based on recycling and gradually increasing the capacity with the mining scale while generating cash flows. Our approach substantially lowers the capital and the market risk while de-risking the technology.

News Releases

GéoMégA Subsidiary Innord to Offer Neodymium Oxide and Cobalt Compounds for Sale

“This is another major step in our development of the ISR technology. As we advance our scale up testing, we
are producing more and more material that we can now start offering to various groups who need the
material for research or product testing purposes. Furthermore, we are proud to say that this neodymium
oxide is produced in Canada through recycling, a major step in diversifying supply of rare earth elements and
making it more environmentally sustainable. We are proud of our achievements and believe that we are on
the right track to bring commercial production of rare earth elements to Canada in the future.” commented
Kiril Mugerman, President and CEO of GéoMégA and Innord.

News Releases

GéoMégA Subsidiary Innord Receives Validation from End User for Magnet Grade Purity Neodymium

“This is another major milestone achieved by Innord which brings us a step closer to providing an alternative source of supply of rare earth oxides to the permanent magnet industry outside of China. We will now be focusing on purification of other rare earth oxides, larger volume tests and demonstrations and moving towards building our initial larger capacity units prior to starting commercial production from industrial residues.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.

News Releases

GéoMégA Announces Closing of Another Private Placement for $265,200

Geomega Resources Inc. is pleased to announce the closing of the second and final tranche of its previously‐ announced non‐brokered private placement of Units at $0.08 per Unit. Together with the first tranche, the Offering has resulted in aggregate proceeds of approximately $500,000. In order to accommodate demand, the Corporation has increased the size of the Offering by the maximum amount authorized by the TSX Venture Exchange.

News Releases

GéoMégA Announces Closing of Final Tranche of Oversubscribed Private Placement

Geomega Resources is pleased to announce the closing of the second and final tranche of its previously‐ announced non‐brokered private placement of Units at $0.08 per Unit. Together with the first tranche, the Offering has resulted in aggregate proceeds of approximately $500,000. In order to accommodate demand, the Corporation has increased the size of the Offering by the maximum amount authorized by the TSX Venture Exchange. Each Unit consisted of one common share and one‐half of one Share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.15 per Share for a period of twenty‐four (24) months from the closing date.

News Releases

GéoMégA Subsidiary Innord Achieves 99.5%+ Magnet Grade Purity Neodymium

“It has been a long six months of work but we are finally producing 99.5%+ magnet grade / commercial purity neodymium oxide. This is a major achievement for our team. To be able to produce large volumes of high purity neodymium oxide (Nd2O3) at a competitive operating cost and a low capital cost is a major breakthrough for rare earth separation. We believe our approach of working with the downstream permanent 3 magnet industry will help close the loop in western rare earth supply for the permanent magnet industry while it will de‐risk our ISR Method technology. With this major achievement we believe that we are one step closer to having rare earth oxides produced once again in North America. The rare earths are already considered as critical materials, and with the recent geopolitical tensions and threats of trade wars in the news, rare earth elements could take center stage once again similar to 2010 and 2011. The long‐term R&D and careful de‐ risking approach that Innord has committed to could be maturing at exactly the right time.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.