“We are extremely pleased to have attracted an engineering group of Hatch caliber to work on the next stage of engineering together with Geomega’s team. Hatch has taken part in some of the most complex recent mining and processing projects in Canada and globally and is well suited to bring Geomega its technical and project delivery expertise to this demonstration plant project. With a strong engineering partner, government support and significant interest in the rare earth sector today globally, we are very excited to develop the first rare earths magnet recycling facility outside of Asia right here in Quebec, Canada. Other major milestones will be announced in the near future as we put forward our strategy to develop the rare earths magnet recycling facility in St Bruno, Quebec.” commented Kiril Mugerman, President & CEO of Geomega.
The neodymium metal goes into magnet, and the magnet goes into motors — that’s the main driver of this entire sector. If we go about what GeoMegA is today, then we have a rare-earth processing technology developed by our private subsidiary INNORD and we also have Montviel, which is a 43-101 large resource of a carbonatite-bastnasite. It is the largest in Canada.
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.