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 can be seen here:
(French only): – http://www.newswire.ca/fr/news-releases/investissement-et-creation-demplois-dans-le-nordduquebec—9825-millions-de-dollars-pour-la-mise-en-valeur-du-site-industriel-de-lebel-sur-quevillon-584099851.html
GéoMégA is excited to see further investments and developments in the Lebel-sur-Quevillon region where GéoMégA is looking to develop the Montviel rare earths project and a processing facility in the future.
For further information please contact:
|President and CEO|