Read an article by Jeff Lewis for Reuters titled “Canada’s Quebec backs Geomega Resources rare earth recycling project”, published Februrary 7th 2020.
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.