Rare earth elements extraction and separation technologies
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Geomega Accelerates Growth with New Integrated R&D and Piloting Facility Supported by $750,000 Federal Contribution
TMX Newsfile· 2025-12-17 13:00
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].
Geomega Resources Inc. Provides Corporate Update
Newsfile· 2025-09-11 11:30
Corporate Update - Geomega Resources Inc. will hold its Annual General and Special Meeting (AGM) on October 22, 2025, at 10:00 a.m. (Eastern Time) in Montreal, Quebec, where shareholders can attend in person or via video conference [1][2][6] Change in Directors - Geneviève Ayotte, CPA, has been nominated to the Board of Directors and will also serve as Chair of the Audit Committee, bringing over 14 years of experience in finance and auditing, particularly in the mining sector [3][4] - Gilles Gingras, the current Director and Chair of the Audit Committee, will retire after 12 years of service, with the company expressing gratitude for his contributions [4] Financial Instruments - Since the beginning of the fiscal year on June 1, 2025, Geomega has raised over $735,060 through the exercise of various financial instruments, resulting in the issuance of 5,354,667 common shares [5][6] Upcoming Conferences - Geomega's management will present at several upcoming conferences, including ICSOBA 2025 and IFCURM 2025 in Nanning, China, and TMS 2026 in San Diego, California, focusing on sustainable valorization of bauxite residues and other technologies [7][8] Technology and Projects - The company is advancing its construction of a rare earths recycling demonstration plant and its R&D program for bauxite residues valorization, aiming for a licensing business model [8][10] - Geomega owns the Montviel rare earth carbonatite deposit, which is the largest 43-101 bastnaesite resource estimate in North America [12]