Geomega Accelerates Growth with New Integrated R&D and Piloting Facility Supported by $750,000 Federal Contribution

Core Viewpoint - Geomega Resources Inc. has secured a $750,000 repayable contribution from Canada Economic Development for Quebec Regions to support the development of new integrated laboratories and piloting facilities, marking a significant advancement in the company's technology scale-up and operational consolidation [1][5][6]. Group 1: Financial Support and Contribution Terms - The funding is part of the Regional Economic Growth through Innovation (REGI) program and will be interest-free, repayable over 60 equal monthly installments starting 36 months after project completion, expected by September 30, 2026 [5]. - This contribution reflects the federal government's confidence in Geomega's technologies and its role in advancing Canada's critical metals ecosystem [6]. Group 2: Project Development and Expansion - The project includes the establishment of four new hydrometallurgical laboratories totaling approximately 2,000 sq. ft. and a new double-level piloting area exceeding 3,500 sq. ft., representing a more than 10-fold increase in current piloting capacity [7]. - The new facility will consolidate laboratories, piloting operations, engineering teams, and administrative offices, strengthening Geomega's operational foundation for rapid growth [7][8]. Group 3: Technological Advancements and Market Position - Geomega has achieved significant milestones in rare earth magnet recycling and bauxite residue valorization, demonstrating the strength of its technologies and the increasing demand for its solutions [2][3]. - The new facility will enable the company to conduct more piloting campaigns in parallel, support a greater number of client projects, and enhance the transition of technologies from lab scale to commercial implementation [14].