Geomega Resources Inc. , a rare earths clean technologies developer for mining and recycling, today announces that the Company has completed the retrofit of its pilot plant and has begun the production of hand sanitizer for the Qu?bec market. As indicated in the April 20, 2020 press release, the Corporation obtained the natural product number and all the approvals from Health Canada in order to manufacture and distribute [...]
Geomega Resources Inc. today announced in accordance with Decision No. 2020-PDG-0023 of the Autorit? des march?s financiers D?cision g?n?rale relative ? la prolongation de d?lais concernant certaines obligations d’information continue et de prospectus applicables aux ?metteurs et aux agences de notation d?sign?es, Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements of the Ontario [...]
Geomega Resources Inc. , a rare earths clean technologies developer for mining and recycling, is pleased to provide an update on the novel coronavirus impact on its operations. Geomega’s main activity which is the ongoing engineering work with Hatch have been able to continue despite the crisis. In parallel, the Corporation began modifying its Rare Earth Pilot Plant facility, located at the National Research Council in [...]
Geomega Resources Inc. reports that it has received the TSX Venture Exchange approval to effect an expiry date extension of 4,451,000 share purchase warrants and to also reprice 1,302,778 share purchase warrants . The Extension Warrants were originally issued in connection with two non-brokered private placements that closed on May 2, 2018 , May 14, 2018 and May 18, 2018 . The Repriced Warrants were originally issued on [...]
Geomega will be in Toronto from March 1 to 4 for PDAC at booth #2642. Come visit us and learn more about the ISR technology and our plans for the future. Various samples of permanent magnet waste streams and finished products will be on display at the booth. On Monday, March 2nd, 2020 at 3:15 pm in Room 803, please join us to listen to Geomega's presentation during the Session on Energy Materials and Specialty Products [...]
Geomega Resources Inc. and its wholly owned subsidiary Innord Inc. are very pleased to announce that they have secured the required project debt financing to build the rare earth magnet recycling demonstration plant in St-Bruno-de-Montarville, Quebec. Project financing will be provided by Investissement Quebec , who will be acting as agent of the Quebec Government, through the ESSOR program of the Ministry of Economy and [...]
Geomega Resources Inc. and its subsidiary Innord Inc. are pleased to announce to have added Hatch Engineering to its engineering group to advance the development and prepare for construction the first rare earth magnet recycling plant outside of Asia. This engineering work will be funded 50% by additional funds from the National Research Council of Canada Industrial Research Assistance Program . Hatch is a world class [...]
Geomega Resources Inc. is pleased to announce that it has selected an industrial site in Saint-Bruno-de-Montarville as the location for its rare earth magnets recycling demonstration plant using its proprietary ISR technology and signed a long term lease. 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 [...]
Geomega Resources Inc. is pleased to announce the closing of an arm’s length share purchase transaction with the Société de développement de la Baie-James and the Administration régionale Baie-James . The Corporation has bought back the respective minority positions of the Funds, totaling 3.84% in Innord Inc., the technology subsidiary of Geomega. The aggregate consideration for the [...]
Geomega Resources Inc. announces that shareholders have approved all resolutions put forth at the Annual Meeting of Shareholders held in Montreal, Quebec, on Wednesday, October 23, 2019. Gilles Gingras, Kiril Mugerman, Mario Spino, Kosta Kostic and Jean Demers were re-elected to serve as directors of the Corporation . In addition, the Corporation announces the re-appointment of PricewaterhouseCoopers, LLP as auditors for [...]
Geomega Resources Inc. is pleased to announce the capital expenditure estimation results of the Front End Engineering & Design study. Two of the main objectives of the FEED study were to complete an external CAPEX estimation and review the process design work. The FEED study is intended to serve as the foundation for launching the EPCM contract to build the plant. ISR Process Design & Throughput Capacity The original [...]
Geomega Resources Inc. today announces it has released its audited consolidated financial statements for the year ended May 31, 2019 and that it has restated certain previously issued financial information as identified by its Chief Financial Officer. A summary of the restatement is as follows: Trade and other payables - An error was identified in accounts payable that were overstated by $50,000, an error from the 2017 [...]
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