Core Viewpoint - Geomega Resources Inc. is progressing on the construction of its rare earth magnet recycling demonstration plant in Saint-Hubert, Québec, and has filed for an extension of warrants expiring soon [1][7]. Construction Progress - Major work packages at the demonstration plant have advanced, including engineering, procurement, construction, and integration of process equipment, with all long-lead process equipment delivered and most units assembled [2]. - The plant's conveyors have been delivered, and a piping contract for the process area has been awarded, with detailed routing and installation in progress [3]. - Construction and engineering activities are ongoing, including piping work and control system installation, while environmental permitting is still in process [4]. Project Goals - The demonstration plant aims to process end-of-life NdFeB magnets to produce key rare earth oxides, contributing to a sustainable rare earth supply chain in North America and Europe [6]. - The project is expected to showcase Geomega's proprietary technology at an industrial scale and support future commercial deployment opportunities [6]. Warrant Extension - Geomega has filed to extend the expiry date of 704,028 warrants from February 8, 2026, to February 8, 2027, with an exercise price of $0.40 [7]. - An acceleration clause has been added, reducing the exercise period to 30 days if shares trade at $0.50 or more for 10 consecutive closing days [7]. Omnibus Incentive Plan Clarification - The Corporation clarified changes to its Omnibus Incentive Plan, amending the share reserve to a single rolling plan reserving up to 10% of issued and outstanding common shares for all equity-based awards [9].

Core Insights - Apple is investing $500 million in MP Materials to strengthen the domestic rare earth supply chain [1] - The investment includes a commitment to purchase American-made rare earth magnets from MP Materials' facility in Fort Worth, Texas [2] - The collaboration will also focus on establishing a rare earth recycling line in Mountain Pass, California, processing materials from used electronics [3] - This initiative is part of Apple's broader pledge to invest over $500 billion in the U.S. over the next four years [4] - Apple has been using recycled rare earth elements in its products since 2019, with nearly all magnets in its devices now made from 100% recycled materials [4]