“We are very grateful for the support we received from the Government of Québec. With this debt financing from IQ and MEI we have effectively completed our main project financing initiatives…” commented Kiril Mugerman, President & CEO of Geomega.
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
Developed proprietary, environmentally friendly, “ISR Technology” that recycles waste from the permanent magnet industry and produces four high demand, high priced rare earth elements (HHREE – Nd, Pr, Tb, Dy)
研发专有、环保的ISR技术，通过回收永磁行业的废料生产出四种高需求、高价格的稀土元素（HHREE –钕、镨、铽、镝）
“With the joint action plan on critical minerals collaboration that was signed between United States and Canada on January 9, 2020 we are starting to see the first concrete steps by both countries in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defence, and clean technology. We envision that our demonstration plant in St-Bruno can become the center of Quebec’s rare earths hub that would bring these critical materials back to North America. We are now finalizing the details of the financing package for the demonstration plant and information will be provided shortly.” commented Kiril Mugerman, President & CEO of Geomega.
As described in our news release titled, “Geomega selects Saint-Bruno-de-Montarville in Quebec for the Rare Earths recycling demonstration plant”, we have announced the location for our rare earth magnets (REM) recycling demonstration plant using its proprietary ISR technology and signed a long term lease for an industrial site in Saint-Bruno-de-Montarville.
Look and learn about the location of “St-Bruno” in these images from Google Earth.
“We envision that our demonstration plant in St-Bruno can become the center of Quebec’s rare earths hub that would bring these critical materials back to North America. We are now finalizing the details of the financing package for the demonstration plant and information will be provided shortly.” commented Kiril Mugerman, President & CEO of Geomega.
While there are already a couple of rare earth recycling enterprises in China with large capacities, albeit not environmentally benign, there is only one commercial magnet recycling company in the rest of the world with a competitive, environmentally benign concept.
That company is Geomega in Canada.
From all the rare earth companies I know, this is the only one who has a chance to turn out rare earths oxides in North America from 2020.
Mr. McWhirter has more than 30 years in the securities industry and is a top-ranked money manager in Canada. He uses a 12-factor stock selection methodology that has both growth and value characteristics, including: return on equity, earnings surprise, earnings estimate revision, price to book, and price to earnings ratios.
“The (mining) project is not forgotten, it’s still within the company,” said Mugerman, “but today to bring it to value is very hard. It’s a very high risk for a company to begin committing hundreds of millions of dollars when you don’t control your destiny — if the price goes up, China can still bring it down.”
Geomega Resources is improving its proprietary ISR technology as it moves closer to being Canada’s first rare earth elements recycler and the only one outside China. The company operates a pilot plant and has made several optimizations recently.
