Read an article by Jeff Lewis for Reuters titled “Canada’s Quebec backs Geomega Resources rare earth recycling project”, published Februrary 7th 2020.
Canada’s Quebec backs Geomega Resources rare earth recycling project
TORONTO (Reuters) – Quebec-based Geomega Resources Inc () secured debt financing to build a rare earth magnet recycling demonstration plant in the Canadian province, the company said on Friday. Geomega said the provincial government’s investment body, Investissement Quebec, would provide C$1.72 million in debt financing to build the C$3.2 million facility, which it says will use proprietary technology to recycle rare-earth elements used in cell phones and electric vehciles.
Thanks to Reuters for covering our news. Learn more in our news release here.