Tag: KIRIL MUGERMAN

News Releases

Annual Meeting Results

Geomega have approved all resolutions put forth at the Annual Meeting of Shareholders
(the “Annual Meeting”) held in Montreal, Quebec, on Wednesday, October 26, 2022. Gilles Gingras, Kiril
Mugerman, Kosta Kostic, Matt Silvestro and Nick Nickoletopoulos were reelected to serve as directors of the
Corporation (the “Board”). In addition, the Corporation announces the re-appointment of MNP LLP as auditors for the ongoing year and the re-approval of the 10% rolling stock option plan.

Media Coverage

Can North America catch up on rare earths? Kiril Mugerman

“How does my company, Geomega Resources, fit into the rare earths recycling cycle? Geomega uses chemical processing to extract and produce purified rare earth oxides that are otherwise trapped in magnets. The magnet cannot be directly reused, because often the shape, size, coating and magnetic specifications will be hard to match to a specific application. Geomega’s process allows us to recover the rare earths and to ship them to metal and magnet manufacturers that will be able to make new products to the specifications of the end users.”

Media Coverage

Kiril Mugerman with One America News Network

“Today, the USA is already producing rare earth elements but the problem is that it’s all going to China. It goes to China and it is refined there. As it’s refined, it’s made into magnets. What we need to hear more is what the US has started taking steps towards now with the most recent proposal by Senator Ted Cruz to subsidize the purchases of those process materials when they are produced in North America. Right now, that’s looking like the most important and best step forward to take that control. We know that’s exactly what China does when they subsidize local producers. There are so many discounts for them, but that’s something that’s missing in the USA right now.” Kiril Mugerman

Media Coverage

Second interview with Kevin Price, Price of Business Show, and Kiril Mugerman

“China’s production of critical minerals from raw materials has come at a high cost to the environment,” says Kiril Mugerman, President, Geomega Resources. “Now e-waste is being recycled using the same polluting technologies. It is important to provide a cleaner solution to both primary ores and recycling. Just because recycling is helping to avoid unnecessary mining, it doesn’t mean that we need to recycle using an old, dirty process that harms the environment.”