Category: News Releases

News Releases

Annual Meeting Results

Geomega have approved all resolutions put forth at the Annual Meeting of Shareholders
(the “Annual Meeting”) held in Montreal, Quebec, on Wednesday, October 26, 2022. Gilles Gingras, Kiril
Mugerman, Kosta Kostic, Matt Silvestro and Nick Nickoletopoulos were reelected to serve as directors of the
Corporation (the “Board”). In addition, the Corporation announces the re-appointment of MNP LLP as auditors for the ongoing year and the re-approval of the 10% rolling stock option plan.

News Releases

Geomega Upgraded to OTCQB for its US Listing

“We are very pleased to commence trading on the OTCQB. This listing will broaden our shareholder base in the U.S. and aligns with our corporate objective to offer a rare earths recycling solution to the U.S. which due to its dependence on imports of neodymium magnets, has significant national security implications.” commented Kiril Mugerman, President and CEO of Geomega.

News Releases

Innord Develops Bauxite Residues Process Using Its Environmentally Friendly Technology

“We are thrilled to be working on such an important environmental global challenge. Aluminum, the most produced non-ferrous metal in the world, is a key material of the 21st century for such major industries as transportation, aviation, construction and many other sectors. In the environmentally conscious world we now live in, local environmental regulations and social acceptability dictate that now is the time to find a solution to BR storage. There is a tremendous economic potential benefit as well, as every tonne of BR contains between USD $80 and USD $120 worth of critical and strategic metals that are becoming imperative to recover. We believe that Innord’s technology is well positioned to offer economic and environmentally innovative solutions to sustainability challenges. We look forward to continue advancing the technology towards larger scale testing.” commented Kiril Mugerman, President and CEO of Geomega.

News Releases

Geomega Receives $1.07M from Exercise of Warrants and Other Instruments; Well Funded to Accelerate Rare Earths Recycling and other R&D Initiatives

“Geomega is in a strong position financially and is well positioned to reach production from the rare earths recycling facility. Similarly, the funds available have given us the ability to accelerate our research and development initiatives to evaluate our technology to extract and refine rare earths and other critical metals from a broader range of mining feeds, including mining and industrial waste streams (tailings). Most recently, our process has been successfully demonstrated at the magnet recycling pilot plant to produce hydrogen as a by-product that could be collected (see news) and therefore Geomega continues to evaluate opportunities and synergies in this important emerging clean energy fuel in Quebec and globally. We are confident that our rare earths recycling plant and the associated technologies will be critical in the foreseeable future to become less dependant on foreign entities for the supply of critical and strategic metals, to help develop the circular economy for many of these metals and to reduce mining and industrial waste.” commented Kiril Mugerman, President and CEO of Geomega.