Rare Earth Element Recycling for the Permanent Magnet Industry
Geomega develops innovative technologies for extraction and separation of rare earth elements and other critical metals essential for a sustainable future. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. Geomega’s strategy revolves around gradually de-risking our innovative technology and delivering cashflow, increase margins and return value to shareholders while working directly with the main players in these industries to recycle the magnets that power all those technologies.
As our technologies are demonstrated on larger scales, Geomega is committed to work with major partners to help extract value from mining feeds, tailings and other industrial residues which contain rare earths and other critical metals. Irrespective of the metal or the source, Geomega adopts a consistent approach to reduce the environmental impact and to contribute to lowering greenhouse gases emissions through recycling the major reagents in the process.
Geomega’s core project is based around the ISR Technology (Innord’s Separation of Rare Earths), a proprietary, low-cost, environmentally friendly way to tap into a C$1.5 billion global market to recycle magnet production waste and end of life magnets profitably & safely.
Geomega continually evaluates other opportunities to apply its ISR Technology to other critical metals and other feed materials from various industries from all over the world.
Geomega conducts all its R&D activities through Innord, a wholly owned private subsidiary and its innovation arm at the National Research Council of Canada (CNRC) facilities in Bouchverville, Quebec and is developing the first rare earth recycling facility in Saint-Bruno-de-Montarville.
Geomega also owns 100% of the Montviel rare earth and niobium deposit, located in Quebec with the largest 43-101 bastnaesite resource in Canada, permanent access and excellent infrastructure.
Geomega’s ISR Technology
It is proprietary and unique. The “ISR” branding refers to the Innord Separation of Rare Earths. The private company INNORD is 100% owned by GEOMEGA. Our method has advantages, like low CAPEX & environmental safety. It does not use organic solvents, which is an advance from the legacy solvent extraction methods (SX). We recycle waste from permanent magnet manufacturers and extract four mag-REE (Nd, Pr, Tb, Dy) using the ISR method, which has taken shape over 5 years of R&D and development work.
GEOMEGA owns 100% of INNORD, the innovation arm focused on scaling up “ISR”, a local, environmentally friendly REE recycling and refining technology.
GEOMEGA also owns 100% of the MONTVIEL rare earth asset located in Quebec with largest 43-101 bastnaesite resource in Canada, permanent access and excellent infrastructure.
We have appointed an official sales representative for Europe and Asia. They are based in Singapore, specializing in rare earths and minor metals. They have an extensive network with REE manufacturers, traders and end users.
We have secured suppliers for over 200 tonnes per year of feed material and we are developing new suppliers. There is opportunity for expansion. Reaching 900 TPY of saleable oxide equates to approximately 18-20% of current annual market needs for North America and Europe.
To learn more about Geomega, please contact Kiril Mugerman at 1-450-641-5119 or email@example.com