Geomega Announces Results of Annual and Special Meeting
Geomega Announces Results of Annual and Special Meeting Montreal, October 28, 2021 – Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) […]
Tag: Events
GEOMEGA at PDAC 2020
The permanent magnet market — it was 160 thousand tonnes in 2018. Today, it’s closer towards two hundred thousand tonnes. That market is growing. Every single magnet that has to be made produces 15-30% waste by weight. That’s a lot of magnet to be recycled. We are starting with the first plant of approximately $10M ten million dollars in sales and growing to full capacity within the plant, then probably looking to add a second plant as soon as possible close to magnet manufacturers. Most of them are in Asia, but you’re seeing more and more interest of some of those manufacturers to come to Europe and North America. That magnet sector today is generating $1.2 billion dollars annually. It’s expected to grow to $1.8 billion dollars. That’s a lot of money and it’s a sector that we want to take a big chunk out of. We think we can generate a lot of revenues and that’s why we think it’s a very good opportunity to invest in GEOMEGA today.
CAMBRIDGE HOUSE
Why are we doing all this? It’s the circular economy principle. Once we are doing this recycling, it closes the production cycle as Europe and North America are trying to do right now. I’ll finish by saying that rare earth prices are low, but that’s what drives demand and demand is positive for innovation and recycling. That’s where we are today in the rare earth cycle. Low capex, low opex, small footprint, clean process, and cash flow — these are the objectives of the company in the near future. Thank you very much.
Swarf from permanet magnets, Robert Baylis & Adamas Intelligence tweets
” don’t forget about swarf,” Adam Baylis, January 22nd 2020.
To close the loop in the circular economy, as they call it, you do need to recycle. Funny enough, they do recycle in China. They do recycle rare earth magnets in China and they are basically the leader in that. Nobody talks about it.”
Transcript: Kiril Mugerman with Proactive at VRIC2020
Kiril Mugerman: We are recycling those magnets. When we receive them, what happens is that we crush them if we receive them as solids. Sometimes we receive them as powders already, which is crushed material. Then it goes into a reactor where a process happens. It’s a sequence of three reactors where basically a process goes from one to the next one to the next one and we get our final product. The closer it goes towards the end of the process, the more similar to a traditional process. The first stages are very different and innovative, and do not produce the same waste that are produced in traditional technologies today.
Kiril Mugerman with Proactive Investors at VRIC 2020
Thanks to Proactive Investors for this interview with our CEO Kiril Mugerman at the Cambridge House VRIC 2020 conference.
GCFF Fact Sheet
Innord是当地一家环保创新型的稀土元素回收和精炼企业，由Geomega全资拥有，专注于对“ISR”技术进行推广
Geomega owns 100% Innord, the innovation arm focused on scaling up “ISR”, a local, environmentally friendly REE recycling and refining technology
Geomega Resources Inc. Invites Shareholders and Investment Community to visit us at Booth 1124 at the VRIC in Vancouver, January 19-20, 2020
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
“TCE, Technology Critical Elements” Joe Martin
Tony Simon puts it well: “Rare Earth Elements: Not Rare, But Important. No need for me to write about them. Joe Martin, […]
GéoMégA president and CEO Kiril Mugerman – Innovation Presentation – 2018 Progressive Mine Forum
GéoMégA president and CEO Kiril Mugerman discusses the prospect of producing rare earth elements (REEs) in Canada for the magnet industry via clean mining and processing practices. This presentation was part of the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.