A new recycling plant is set to open on the South Shore, in St Bruno. It will be recycling magnets in order to re-use their precious rare earth metals. Kiril Mugerman is the president and CEO of Resources GeoMega — the company behind the plant.
Strengths of Geomega as per @GITI_SG on twitter,
“It is environmentally benign recycling, not messy mining. The project is feasible at current rare earths prices. No use and disposal of ten thousands of tons of acids for processing, but in-house recovery of >90% of recycling agents used. Geomega turns out only the hot items among the rare earths. This project helps alleviate the rare earths inherent imbalance of by-products, i.e. hard rock mining (massively) overproduces 9 rare earths products in order to meet demand of 5 hot rare earths products. 4 of the 5 hot rare earths products plus cobalt will be produced by Geomega through recycling. Geomega’s know-how is proprietary, not licensed from China. Different from other western recycling companies, who try to pry out grams of rare earths from consumer electronics at hugely disproportionate cost, Geomega will recycle industrial magnets in larger quantities and can therefore offer China-competitive prices.”
Quebec-based GeoMegA Resources has developed a proprietary, environmentally-friendly ISR technology that recycles rare earth elements using magnet residue and recycled magnets as the main source of feed. The company intends to process feed from magnet manufacturers, alloy makers, and recyclers across Europe and the US at it’s Canadian facility. The company uses organic, solvent-free proprietary technology to isolate and purify four high demand, high priced rare earth elements, which represents an estimated 30% of annual global demand for rare earth elements and 80% of the total market value.
“Canada’s Quebec backs Geomega Resources rare earth recycling project” Jeff Lewis, Reuters. Funds to be used for the rare earth magnet recycling demonstration plant in St-Bruno-de-Montarville, Quebec
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Why are we doing all this? It’s the circular economy principle. Once we are doing this recycling, it closes the production cycle as Europe and North America are trying to do right now. I’ll finish by saying that rare earth prices are low, but that’s what drives demand and demand is positive for innovation and recycling. That’s where we are today in the rare earth cycle. Low capex, low opex, small footprint, clean process, and cash flow — these are the objectives of the company in the near future. Thank you very much.
” don’t forget about swarf,” Adam Baylis, January 22nd 2020.
To close the loop in the circular economy, as they call it, you do need to recycle. Funny enough, they do recycle in China. They do recycle rare earth magnets in China and they are basically the leader in that. Nobody talks about it.”
Kiril Mugerman: We are recycling those magnets. When we receive them, what happens is that we crush them if we receive them as solids. Sometimes we receive them as powders already, which is crushed material. Then it goes into a reactor where a process happens. It’s a sequence of three reactors where basically a process goes from one to the next one to the next one and we get our final product. The closer it goes towards the end of the process, the more similar to a traditional process. The first stages are very different and innovative, and do not produce the same waste that are produced in traditional technologies today.
However, Quebec and Canada are light years away from having an integrated industry, says Kiril Mugerman, president and chief executive officer of Ressources Géoméga, an SME from Boucherville that owns the Montviel rare earth deposit. , in the Nord-du-Québec region.
“The sooner we produce oxides in North America, the faster we will attract companies capable of making alloys,” he insists.
Thanks to Proactive Investors for this interview with our CEO Kiril Mugerman at the Cambridge House VRIC 2020 conference.
Geomega owns 100% Innord, the innovation arm focused on scaling up “ISR”, a local, environmentally friendly REE recycling and refining technology
2020 Targeting initial production from the demonstration plant / 2020年的目标是使示范工厂初步投产
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Developed proprietary, environmentally friendly, “ISR Technology” that recycles waste from the permanent magnet industry and produces four high demand, high priced rare earth elements (HHREE – Nd, Pr, Tb, Dy)
CEO Kiril Mugerman says, “With the joint action plan on critical minerals collaboration that was signed between United States and Canada (last week), we are starting to see the first concrete steps by both countries in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defence, and clean technology.
“We envision that our demonstration plant in St-Bruno can become the center of Quebec’s rare earths hub that would bring these critical materials back to North America.”
” Most importantly is the access to major seaways with access to the Port of Montreal, 20 minutes, which is the largest container transhipment centre in the Great Lakes system – Saint Lawrence Seaway and a direct link to Europe and the East coast of the United States and the marine terminal in Contrecoeur which is only 30 minutes away. Furthermore, the region is served by Canadian National (CN) and Canadian Pacific (CP) railways. The region is already host to the Canadian Space Agency and several major international firms. “
“The construction of the industrial complex was completed at the end of 2019 with final detail work currently ongoing. The location provides space for the demonstration plant and for future expansions which was an important selection criteria for the Corporation. ” 2020-01-14 NEWS RELEASE
“With the joint action plan on critical minerals collaboration that was signed between United States and Canada on January 9, 2020 we are starting to see the first concrete steps by both countries in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defence, and clean technology. We envision that our demonstration plant in St-Bruno can become the center of Quebec’s rare earths hub that would bring these critical materials back to North America. We are now finalizing the details of the financing package for the demonstration plant and information will be provided shortly.” commented Kiril Mugerman, President & CEO of Geomega.
As described in our news release titled, “Geomega selects Saint-Bruno-de-Montarville in Quebec for the Rare Earths recycling demonstration plant”, we have announced the location for our rare earth magnets (REM) recycling demonstration plant using its proprietary ISR technology and signed a long term lease for an industrial site in Saint-Bruno-de-Montarville.
Look and learn about the location of “St-Bruno” in these images from Google Earth.
“We envision that our demonstration plant in St-Bruno can become the center of Quebec’s rare earths hub that would bring these critical materials back to North America. We are now finalizing the details of the financing package for the demonstration plant and information will be provided shortly.” commented Kiril Mugerman, President & CEO of Geomega.
While there are already a couple of rare earth recycling enterprises in China with large capacities, albeit not environmentally benign, there is only one commercial magnet recycling company in the rest of the world with a competitive, environmentally benign concept.
That company is Geomega in Canada.
From all the rare earth companies I know, this is the only one who has a chance to turn out rare earths oxides in North America from 2020.
“At every stage from the day that you produce oxide and send that to the metal manufacturer, the metal manufacturer produces waste. That waste goes back to us. The metal then goes to the magnet manufacturer who makes those special shapes for the different motors and that produces more waste. That waste goes back to us. Then the final product goes to the manufacturer, whether it’s cellphones, wind turbines, or electric motors. And then there is disposal. At the end of the disposal stage, there is still a collection and that collection point is missing today because nobody is there to buy the magnet waste. We are the first ones to do it and that’s why we are going to set up this full closed-cycle within North America and pretty much everywhere outside of China…” Mr. Kiril Mugerman.
Today, Canada and the U.S. announced they have finalized the Canada–U.S. Joint Action Plan on Critical Minerals Collaboration, advancing our mutual interest in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defence, and clean technology. This announcement delivers on the June 2019 commitment by the Prime Minister of Canada and the President of the United States.
“Great to see US and Canada cooperating on #rareearths and critical materials. Time to make a change. #rareearths #recycling $GMA.V in North America”