Category: Media Coverage

Media Coverage

CleanTechnica Geomega Will Recycle Rare Earths From USA Rare Earth

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Geomega Resources Inc, which is a rare earth cleantech developer for mining and recycling, is partnering up with USA Rare Earth, which is a funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas, to recycle rare earth–containing production waste. This waste comes from USA Rare Earth’s production of sintered neodymium iron boron permanent magnets (sintered neo magnets) in the US.

Media Coverage

Shane Lasley, Metal Tech News

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The process of manufacturing and machining sintered (compacting powder into a solid mass) neodymium magnet blocks generates up to 30% magnet chips and scrap, which needs to be recycled. “Every rare earth magnet factory produces waste; it is just the nature of the business because it is a difficult material to work with,” said Geomega Resources President and CEO Kiril Mugerman. “When Hitachi operated this plant, the waste was sent to Asia.” A neodymium magnet manufacturing facility that takes advantage of the full capacity of the equipment acquired by USA Rare Earth would generate somewhere around 600 metric tons of waste annually, which Geomega plans to recycle back into the North American REE supply chain.

Media Coverage

Mike Millikin, Green Car Congress.

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As part of its mine-to-magnets strategy, earlier this year USA Rare Earth purchased the sintered neo magnet manufacturing equipment formerly owned and operated in North Carolina by Hitachi Metals America, Ltd. (Earlier post.) USA Rare Earth is currently evaluating options for the location of the plant, which will become the first neo magnet manufacturing plant in North America since the Hitachi facility ceased operations in 2015.

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Amanda Stutt, Mining.com “USA Rare Earth, Geomega to partner on waste recycling”

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Geomega Resources (TSXV: GMA), a rare earth clean technologies developer, and USA Rare Earth, the funding and development partner of the Round Top heavy rare earth project in Texas, announced Thursday that they have entered into a letter of intent (LOI) to recycle rare earth-containing production waste from USA Rare Earth’s future production of sintered neodymium iron boron permanent magnets.

The $14 billion-a-year rare earth magnet market is more than 60% controlled by China which, under Made in China 2025, is increasingly using rare earth magnets in finished and semi-finished products, as opposed to exporting the magnets, and industry sources estimate the rare earth magnet market will nearly double by 2027.

Media Coverage

Kiril Mugerman with One America News Network

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“Today, the USA is already producing rare earth elements but the problem is that it’s all going to China. It goes to China and it is refined there. As it’s refined, it’s made into magnets. What we need to hear more is what the US has started taking steps towards now with the most recent proposal by Senator Ted Cruz to subsidize the purchases of those process materials when they are produced in North America. Right now, that’s looking like the most important and best step forward to take that control. We know that’s exactly what China does when they subsidize local producers. There are so many discounts for them, but that’s something that’s missing in the USA right now.” Kiril Mugerman

Media Coverage

Geomega Resources targets rare earth magnets — Recycling Today

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Geomega’s process allows the company to “maximize the reagent so that there is minimal to no waste,” he says. What waste there is is treated locally without the need to store trailings. Geomega’s process produces REE oxides with 99.5 percent purity, Mugerman says. The company is in the process of constructing a demonstration facility in Saint-Bruno-de-Montarville, Quebec, in the Greater Montreal area. Construction of the industrial complex was completed at the end of 2019 with final detail work underway. While the pandemic has delayed progress on the plant, Mugerman says he hopes it will be operational by year-end. Once operational, the plant will be able to process 1.5 metric tons in an eight-hour shift, he says.

Media Coverage

Second interview with Kevin Price, Price of Business Show, and Kiril Mugerman

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“China’s production of critical minerals from raw materials has come at a high cost to the environment,” says Kiril Mugerman, President, Geomega Resources. “Now e-waste is being recycled using the same polluting technologies. It is important to provide a cleaner solution to both primary ores and recycling. Just because recycling is helping to avoid unnecessary mining, it doesn’t mean that we need to recycle using an old, dirty process that harms the environment.”

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Matt Gordon CRUX Investor interviews Kiril Mugerman, Geomega Resources

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“We discuss company’s plans to recover #rareearths from magnets, with CEO Kiril Mugerman claiming they provide the most easily accessed and highest grade concentrate available. They have just completed a pilot plant so now the focus is on building a demonstration plant. We talk through the original plan to explore and develop their large Montviel deposit but after struggling to raise capital, they segued to #rareearths recovery.”

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Slone Fox May 08, 2020 Q&A with Geomega’s President and CEO, Kiril Mugerman

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Kiril Mugerman, “When you recycle magnets, you are dealing with material entering at an average 30 percent rare earth oxide (REO). It doesn’t matter if we are getting a magnet from China, the US, Canada, or wherever — it’s always going to be running at approximately 30 percent rare earths. And it’s not just any rare earths. It always has those four elements: Nd, Pr, Dy, Tb. We don’t have to deal with any of the low value elements, like lanthanum and cerium. Mines like that just do not exist. Even if you were to imagine a mine with a grade of 80 percent REO, only 20 percent to 30 percent of that would be the 4 HHREE which would make the HHREE content 18 to 27 percent. Again, this is just hypothetical because a mine like that cannot exist because REO distribution is controlled naturally and you cannot have a mine with one element and not the other. Chemically they just stay together. “

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StockPulse Catalyst Clips: Geomega Resources

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“We realized that there is this niche opportunity to enter a market where we are processing rare earths — not from a mining concentrate, but from industrial use and end-of-life applications…. Now, we are going to be buying it, processing it, producing rare earths and we will be the first rare earth producer in North America.” Kiril Mugerman

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Music Video, PDAC 2020

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Lowering the risk when scaling up — that’s my main technological risk. Everybody knows that there is always a risk in scaling-up, but doing it in small steps is a big advantage. The ISR technology has been scaled-up. This is the final iteration of the pilot plant. Proprietary technology, environmentally safe, small footprint, low CAPEX, as I said. Why environmentally safe? Because the recovery of my main reagents is +95%. I don’t have liquid effluent coming out of my plant. It’s very important because I’ll show you where I’m developing my plant. Then, iron oxide — 70% of this is magnet is iron. When they recycle those magnets in China, usually the iron goes together with their waste hydrochloric acid into the tailings facility. Basically, it’s a red mud issue. We don’t want to be dealing with red muds, especially where I am outside Montreal.

Media Coverage

@GITI_SG on Twitter Describing Strengths of Geomega

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Strengths of Geomega as per @GITI_SG on twitter,
“It is environmentally benign recycling, not messy mining. The project is feasible at current rare earths prices. No use and disposal of ten thousands of tons of acids for processing, but in-house recovery of >90% of recycling agents used. Geomega turns out only the hot items among the rare earths. This project helps alleviate the rare earths inherent imbalance of by-products, i.e. hard rock mining (massively) overproduces 9 rare earths products in order to meet demand of 5 hot rare earths products. 4 of the 5 hot rare earths products plus cobalt will be produced by Geomega through recycling. Geomega’s know-how is proprietary, not licensed from China. Different from other western recycling companies, who try to pry out grams of rare earths from consumer electronics at hugely disproportionate cost, Geomega will recycle industrial magnets in larger quantities and can therefore offer China-competitive prices.”

Media Coverage

InvestmentPitch Media reports on GeoMega Debt Financing

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Quebec-based GeoMegA Resources has developed a proprietary, environmentally-friendly ISR technology that recycles rare earth elements using magnet residue and recycled magnets as the main source of feed. The company intends to process feed from magnet manufacturers, alloy makers, and recyclers across Europe and the US at it’s Canadian facility. The company uses organic, solvent-free proprietary technology to isolate and purify four high demand, high priced rare earth elements, which represents an estimated 30% of annual global demand for rare earth elements and 80% of the total market value.

Media Coverage

Robert McWhirter discusses Geomega Resources

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