“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.
“People are starting to talk about it. We started talking about it five years ago! Today, we are slowly starting to see the US government, the Canadian government, and the European Union all waking up to the reality that you do need to go after the circular economy behind rare earth elements.” Kiril Mugerman, November […]
Despite the challenges the rare earths market faced in 2019, those INN spoke to remain confident that the growing importance of the critical metals will translate to price growth and prosperity long term. “We think pricing for neodymium oxide will keep moving between US$40 and US$50 per kilogram, a healthy range,” said GeoMegA’s Mugerman. “Demand […]
“Here’s a quick summary of our model,” Kiril Mugerman. “What we are going to be processing is 1.5 tons per day of magnet waste. What is magnet waste? It gets produced from grinding down the magnets down to final shape and, as well, the end of life material. It’s all running at 30% rare earth […]
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.”
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.
Geomega Resources (TSXV: GMA) plans to put Canada on the map as a producer of rare earth elements (REE) — not by building a mine, although it hopes to do that one day too — but by initially recycling them from the permanent magnet industry with a technology developed by its privately controlled subsidiary, Innord. Geomega claims Innord’s in-situ recovery (ISR) technology, which has been developed over the last five years, can separate and extract rare earth oxides from the waste left over from the manufacturing of permanent magnets as well as from permanent magnets in motors used in wind turbines and electric vehicles that have reached the end of their lives. It can then sell the rare earth oxides it extracts to end users. “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,” says Kiril Mugerman, , president and CEO of Geomega and Innord.
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.
“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.
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.
Nexolia, Geomega’s largest shareholder, is acquiring the Lebel-sur-Quevillon Pulp Mill and Sawmill Assets from Fortress Paper for $15.36 million. As part of the acquisition, in addition to the Pulp Mill and Sawmill, Nexolia obtains the energy generation, connection and transmission plant and related equipment, located in Lebel-sur-Quévillon, Québec. Further details of the press release […]
Please see GéoMégA, Plan Nord, SDBJ and ARBJ news releases here: GéoMégA Plan Nord (French only) SDBJ/ARBJ (French only) Please see below some pictures and quotes from the various speakers from the press conference that took place on March 3rd, 2016 at the NRC Boucherville facility. The event was originally conducted in French. The translation […]
Un investissement d’un million pour le projet Montviel Colin Coté-Paulette Publié le 22 mars 2016 Lire l’article ICI
Another article from Industrial Minerals. PDAC 2016: Juniors trial different business models to tempt investors By Kasia Patel Published: Friday, 11 March 2016 With investors more risk averse than ever, particularly with regards to the extraction industry, junior companies are turning to shortcuts in technology and planning in order to make it to the finish line. This year’s Prospectors and Developers […]
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 […]
In a special InvestorIntel interview, Publisher Tracy Weslosky and Simon Britt, President and CEO of GeoMegA Resources Inc. (TSXV: GMA), talk about heavy rare earths, permanent magnets, and Chinese domination of the market. It is noted that though China controls roughly 95% of the market in refined rare earth oxides, they only have 20-30% of […]
In a special InvestorIntel interview, Publisher Tracy Weslosky speaks with Simon Britt, President and CEO of GeoMegA Resources Inc. (TSXV: GMA) about the recent positive hydrometallurgical results and their high recoveries of rare earth elements (“REE”) and niobium. They further discuss the quality of work completed to achieve these hydrometallurgical results and their focus on […]
Click here to read full article. Link: http://www.lasentinelle.ca/actualites/2015/5/27/les-rejets-miniers-de-terres-rares-sont-ils-nocifs-.html
GéoMégA featured in the most recent issue of the “49e Parallèle”. Click here to download the full article. http://49eparallele.com/ /wp-content/uploads/2015/04/V3-N2_49eP_TerresRares_P.20-21.pdf
“In March 2015 the company spun out its separation rights and lab equipment into a company called Innord Inc., which I think is a smart move as it allows strategic partners to invest in specific activities under the GéoMégA umbrella.” – Ryan Castilloux, Adamas Intelligence. Read the entire interview here. http://www.theaureport.com/pub/na/ryan-castillouxs-state-of-the-ree-market-address
1st scientific article published on GéoMégA’s Montviel REE-Nb deposit. Click Here to download the full article. //ressourcesgeomega.ca/wp-content/uploads/2015/04/Nadeau-et-al.2015.OGR_.MontvielCarbonatite.pdf
Alain Cayer, from Geomega Resources, left, shows samples with rare earth elements to Chris Barrett, from SRK Consulting. (Matthew Sherwood for The Globe and Mail)