FOR A SUSTAINABLE TOMORROW
RARE EARTHS RECYCLING, THE CLEAN WAY
Geomega is building the world’s first SUSTAINABLE RARE EARTHS RECYCLING FACILITY to help meet surging global magnet demand as the transition to vehicle electrification and renewable energy sources accelerates.
Depending solely on our planet’s natural resources poses both environmental and supply chain risks. By using Geomega’s innovative technology and Quebec’s renewable hydropower, we are keeping permanent magnets from the landfills and putting these critical rare earths back into a more self-sustaining supply chain. We are then leveraging our technical expertise to help extract value from various feeds which contain rare earths and other critical metals
THE MAGNET BECAME INDISPENSABLE TO MODERN LIFE AND A KEY DRIVER OF THE 21ST CENTURY INDUSTRIAL REVOLUTION
NdFeB MAGNET – THE MOTOR BEHIND THE ENERGY REVOLUTION
A magnet demand that was a mere 40,000 tonnes at the turn of the 21st century, has already more than tripled and is expected to surpass 300,000 tonnes by 2030. Magnet demand from the ELECTRIC VEHICLE & WIND SECTORS ARE THE BIGGEST GROWTH DRIVERS. Not surprising, the biggest growth in end-of-life magnets supply is expected to come from these sectors as well. Geomega’s technology is well adapted to process both pre- and post-consumer magnet waste.
A DEMONSTRATION PLANT IN THE GREATER MONTREAL AREA
Located in a brand new industrial complex, a plant with a full capacity of 4.5 tonnes per day of magnet waste is being built in Saint-Bruno-de-Montarville, Quebec, Canada. With a gradual scale up, low capital cost, small footprint and no liquid or solid waste, the project will deliver rare earths with a lower GHG emissions than a traditional mining operation. The technology to be used is essential to the CIRCULAR ECONOMY of rare earths and the plant will be the first of its kind outside of Asia.
Creating new technical jobs, bringing a new industry to Quebec while helping reduce GHG and clean the environment are among the main ESG principals Geomega applies in its business strategy.
MONTVIEL, THE LARGEST RARE EARTH BASTNAESITE 43-101 RESOURCE ESTIMATE IN NORTH AMERICA
THE DORMANT GIANT
In addition to over 82 Mt @ 1.5% TREO & 0.17% Nb2O5 in the Indicated and over 184 Mt in the Inferred category, the Montviel deposit benefits from power and road infrastructure, STRONG SUPPORT FROM THE QUEBEC GOVERNMENT, THE LOCAL COMMUNITIES AND THE CREE FIRST NATION. With patented low acid, lower power technology, the project has everything needed to deliver a long term supply of magnetic REO.
GROWTH DRIVEN BY INNOVATION
CRITICAL METALS R&D
Sources of critical metals are abundant but their extraction is not that simple. Furthermore, many companies lose these metals in the waste streams. Geomega is leveraging its REE experience to help recover these metals from mining, industrial and e-waste through INNOVATIVE SUSTAINABLE TECHNOLOGIES.