Geomega to recycle rare earths from USA Rare Earth’s anticipated neodymium magnet production
USA Rare Earth is expected to make all its swarf and scrap available for Geomega to recycle for a minimum period of five (5) years, commencing on the effective date of a definitive agreement between the companies. Geomega and USA Rare Earth will negotiate mutually acceptable commercial terms including the possibility of a license agreement to develop a recycling facility at the location of its permanent magnet factory. Until such time, this LOI remains non-binding.
Geomega Resources Inc., a rare earth clean technologies developer for mining and recycling, and USA Rare Earth, LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas, have entered into a Letter of Intent (LOI) to recycle rare earth-containing production…
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