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Transcript: Kiril Mugerman with Proactive at VRIC2020

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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.

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“The sooner we produce oxides in North America, the faster we will attract companies capable of making alloys,” Kiril Mugerman

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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.

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GCFF Fact Sheet

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Innord是当地一家环保创新型的稀土元素回收和精炼企业,由Geomega全资拥有,专注于对“ISR”技术进行推广
Geomega owns 100% Innord, the innovation arm focused on scaling up “ISR”, a local, environmentally friendly REE recycling and refining technology

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Rare Earth Element (REE) Recycling for the Permanent Magnet Industry 永磁行业的稀土元素(REE)回收

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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)
研发专有、环保的ISR技术,通过回收永磁行业的废料生产出四种高需求、高价格的稀土元素(HHREE –钕、镨、铽、镝)

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Geomega Hits on Rare Earth Recycling Spot

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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.”

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Looking north from St-Bruno

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” 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. “

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Zoom-in to St-Bruno

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“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

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CEO Quote 2020-01-14 NR

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“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.

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Google Earth Tour St-Bruno to Montreal

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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.

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Geomega selects Saint-Bruno-de-Montarville in Quebec for the Rare Earths recycling demonstration plant

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“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.

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Why GeoMegA? Excerpt from Thomas Krümmer 2019 article

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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.

REE in the News

Learn more about GEOMEGA and “circularity”.

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“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.

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Canada and U.S. Finalize Joint Action Plan on Critical Minerals Collaboration

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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.

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GEOMEGA EVENTS

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The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.

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COST OF INACTION: @GITI_SG Tweet

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#RareEarths: Will future supply be able to meet future demand? https://web.mit.edu/12.000/www/m2016/finalwebsite/problems/ree.html This 2016 article by MIT is highly relevant – mandatory reading. “Cost of Inaction” sums it all up. Even at Argus low CAGR forecast of <5% supply gets really rather tight. Ignore at your peril. @GITI_SG Cost of Inaction: If nothing is done to […]