As indicated in the April 20, 2020 press release, the Corporation obtained the natural product number (“NPN”) and all the approvals from Health Canada in order to manufacture and distribute hand sanitizer using the WHO-recommended formulation. The modifications have now been completed and production has begun. The production is from the Corporation’s Pilot Plant and allows Geomega to produce up to 675 liters per week. Although, since there is a significant lack of supplies in the market, production capabilities will depend on availability of raw materials from local distributers. The Corporation will be securing additional supply of raw material and focus on distributing its hand sanitizer product to local retirement homes, hospitals, pharmacies and distributers in the province of Québec. The Corporation will be donating 20% of its hand-sanitizer production to local long-term care homes and other charities who are helping the most vulnerable in our society during this pandemic. The Corporation would like to thank local suppliers who were able to assist and support us during this quick transition.

As indicated in the April 20, 2020 press release, the Corporation obtained the natural product number (“NPN”) and all the approvals from Health Canada in order to manufacture and distribute hand sanitizer using the WHO-recommended formulation. The modifications have now been completed and production has begun. The production is from the Corporation’s Pilot Plant and allows Geomega to produce up to 675 liters per week. Although, since there is a significant lack of supplies in the market, production capabilities will depend on availability of raw materials from local distributers. The Corporation will be securing additional supply of raw material and focus on distributing its hand sanitizer product to local retirement homes, hospitals, pharmacies and distributers in the province of Québec. The Corporation will be donating 20% of its hand-sanitizer production to local long-term care homes and other charities who are helping the most vulnerable in our society during this pandemic. The Corporation would like to thank local suppliers who were able to assist and support us during this quick transition.

“With Geomega moving towards production, the two Funds that greatly supported our […]

Please find attached all the required documents for the 2019 Annual General […]

“It is important to plan ahead, and we are glad that vehicle manufacturers are looking at ways of recycling permanent magnets. We see a significant increase in sales of electric vehicles and in installation of wind turbines world wide, two major consumers of permanent magnets. We already see supply becoming available from these applications and with only more becoming available every year. China is clearly ahead of the curve and has been recycling these scrap magnets for many years already by using their existing solvent extraction facilities. The ISR technology should fit in perfectly to help this growing problem of recycling permanent magnets outside of China.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.

“With the major development events over the last 12 months for our separation technology and its application in the recycling of permanent magnets, Innord and Geomega are well positioned to become a leader in rare earth extraction and refining. As our technology matures and scales up, we should be in a position to supply rare earth oxides to North America and Europe and be ready to develop our rare earth Montviel project when the markets improve to justify new REE mining projects.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.

“Electric vehicles need magnet-based motors. Permanent magnets need rare earth oxides. To make rare earth oxides you need raw materials. While we own a world class deposit in Montviel, current market conditions make it difficult to develop new rare earth mines. Innord’s ISR technology can process various feeds which gives us a major advantage to be able to start producing rare earth oxides from such an important industrial source. We believe that rare earth magnets are the future of the rare earth industry and developing the recycling of permanent magnets and permanent magnet residues is just as important as developing new mines.” commented Kiril Mugerman, President and CEO of GéoMégA and Innord.