Geomega Ressources

ISR technology that we developed over the last five years. Most importantly, you need to understand that this technology is clean and it is sustainable because it gives us an opportunity to produce rare earth elements without having to ship all our material to China, where we have no control over how they are processing it and what kind of pollution it creates.

The most important thing that I want you to see there is the 95% recovery of main reagents. That’s how much we recover and that’s why we can be economic with China.

ISR TECHNOLOGY

“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.”
Kiril Mugerman (2018)

Problem

  • Large volumes of waste from magnet manufacturers are poorly disposed of while it represents an important source of key Rare Earth Elements (REE – Nd/Pr/Dy/Tb)
  • Current REE separation technology (Solvent Extraction – SX), is a process with a well-known adverse environmental impact which has been developed over the years in China and is now kept in secret.
  • Secure supply of REE outside of China is required to support Clean Technologies (Energy, Energy storage and Sustainable mobility)

Our Technology (ISR)

  • Use magnet residue and recycled magnets as main source of feed with key REE (Nd/Dy)
  • Magnet residue from magnet manufacturers ideal feed (scraps & swarf)
  • End-of-life-permanent magnet recycling is growing every year
  • ISR uses organic-solvent-free and feasible technology to isolate and purify REE
  • Feed from magnet manufacturers, alloy makers and recyclers across Europe and US to be processed in Canada

INNORD BUSINESS MODEL

Kiril Mugerman in November 2019 at Cambridge House, "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.