Quebec-based GeoMegA Resources has developed a proprietary, environmentally-friendly ISR technology that recycles rare earth elements using magnet residue and recycled magnets as the main source of feed. The company intends to process feed from magnet manufacturers, alloy makers, and recyclers across Europe and the US at it’s Canadian facility. The company uses organic, solvent-free proprietary technology to isolate and purify four high demand, high priced rare earth elements, which represents an estimated 30% of annual global demand for rare earth elements and 80% of the total market value.