Category: Media Coverage
Kiril Mugerman, GeoMegA Resources: The Time to Invest in Rare Earths is Now. October, 2018.
“We started developing the technology from very small scale. You need to be careful — it’s a difficult task. Separating earth elements is one of the most complex chemical processes in the world. Our idea was that we will have our own technology and that will help us to build a mine. The leverage really came when we started developing this technology. We decided that we didn’t want to have a black box where nobody knows how it works and we need to raise hundreds of millions of dollars to build a mine. Instead, we started going towards proving that our technology works by processing existing feeds. The best existing feed is an industrial residue, which is coming from the main application of rare earths — permanent magnets.
INNORD “ISR” REE SEPARATION TECHNOLOGY
To demonstrate and de-risk our technology for the mining scale, we are currently working with the permanent magnet industry to process their waste.
First, our process to adjust the magnets and separates rare earths from iron. That residues is then reprocessed to separate irons from valuables, such as cobalt. The mixed rare earths PLS is further processed to separate one rare earth at a time to 99% plus purity. Once all the rare earths are separated, the reagent is recovered to restart the process.
Once demonstrated on a small commercial scale with magnetic residues, innord’s modular technology can then be easily applied to a mining operation. This technology has the potential to significantly reduce the environmental footprint of rare earth mining to reduce the current cost of rare earth separation and to ultimately bring rare earth production back to North America.
We are Geomega. We offer a clean, innovative solution to rare earth separation without any organic solvents. Our scale-up model is based on recycling and gradually increasing the capacity with the mining scale while generating cash flows. Our approach substantially lowers the capital and the market risk while de-risking the technology.
Nexolia continues to invest in the Lebel-Sur-Quevillon region.
Nexolia, Geomega’s largest shareholder, is acquiring the Lebel-sur-Quevillon Pulp Mill and Sawmill Assets from Fortress Paper for $15.36 million. As part of […]
Summary of Innord Press Conference with Plan Nord, SDBJ & ARBJ (March 3, 2016)
Please see GéoMégA, Plan Nord, SDBJ and ARBJ news releases here: GéoMégA Plan Nord (French only) SDBJ/ARBJ (French only) Please see […]
GéoMégA and Innord featured in an article by “La Sentinelle”. (French version only).
Un investissement d’un million pour le projet Montviel Colin Coté-Paulette Publié le 22 mars 2016 Lire l’article ICI
PDAC 2016
Another article from Industrial Minerals. PDAC 2016: Juniors trial different business models to tempt investors By Kasia Patel Published: Friday, 11 March 2016 With investors more risk averse […]