Geomega Resources Inc.

Geomega Resources Inc. announces that shareholders have approved all resolutions put forth at the Annual Meeting of Shareholders held in Montreal, Quebec, on Wednesday, October 23, 2019. Gilles Gingras, Kiril Mugerman, Mario Spino, Kosta Kostic and Jean Demers were re-elected to serve as directors of the Corporation . In addition, the Corporation announces the re-appointment of PricewaterhouseCoopers, LLP as auditors for [...]

Geomega Resources Inc. is pleased to announce the capital expenditure estimation results of the Front End Engineering & Design study. Two of the main objectives of the FEED study were to complete an external CAPEX estimation and review the process design work. The FEED study is intended to serve as the foundation for launching the EPCM contract to build the plant. ISR Process Design & Throughput Capacity The original [...]

Geomega Resources Inc. today announces it has released its audited consolidated financial statements for the year ended May 31, 2019 and that it has restated certain previously issued financial information as identified by its Chief Financial Officer. A summary of the restatement is as follows: Trade and other payables - An error was identified in accounts payable that were overstated by $50,000, an error from the 2017 [...]

Geomega Resources Inc. announces the second and final closing of a non-brokered private placement offering in the amount of $317,755, consisting of a total of 2,269,822 units at a price of $0.14 per Unit. Together with the first tranche, the Offering has resulted in aggregate proceeds of $1,232,010. The Offering of Units consists of one common share and one-half of one share purchase warrant . Each Warrant entitles the [...]

European-based Rare Earth Supply Partner Provides a Majority of Funds; Funds to be used for the Construction of Rare Earths Demonstration Plant in Quebec, Canada. MONTREAL, July 03, 2019 -- Geomega Resources Inc. announces the first closing of a non-brokered private placement offering in the amount of $914,255, consisting of a total of 6,530,393 units at a price of $0.14 per Unit. The Offering of Units consists of one [...]

Increase in reagent recovery to over 95% - keeps operating costs low and the process green More feed variability can now be used with ISR technology: ◦ Can now process metallic and calcined feeds of magnet, NdFeB and SmCo waste ◦ Can now recycle bonded magnets in addition to sintered magnets making it a valid clean technology for both kinds of magnets Geomega CEO, Kiril Mugerman, will be at the Argus US Specialty Metals Conference in Chicago, Illinois, US to discuss the recent developments of the ISR technology and the current developments in the rare earths sector. MONTREAL, June 04, 2019 -- Geomega Resources Inc. is pleased to provide an update on its proprietary ISR technology, financing, FEED study and rare earths market update. Technology update Pilot Plant o... [...]

Geomega Resources Inc. is pleased to announce that it has selected Seneca Inc. , a Montreal based engineering consulting firm specializing in industrial process engineering, to complete the Front End Engineering Design study for the rare earth recycling demonstration plant with the focus on the permanent magnet industry. The FEED study will produce an externally validated construction and operating cost estimates, project [...]

Geomega Resources Inc. is pleased to announce it has engaged The Howard Group as its capital markets communications advisor to assist with both traditional and online initiatives targeting institutional and retail investing groups as well as the larger investment community. The agreement is for 6 months effective April 11, 2019 and will be renewable monthly afterwards. The remuneration payable to The Howard Group will be [...]

Geomega Resources Inc. is pleased to provide an update on Innord Inc.’s continuing successful validation of its proprietary ISR technology and its plans for a 1 ton per day of third party sourced magnet waste demonstration plant. Mini Pilot Innord Inc. , a private subsidiary controlled by GéoMégA, has now completed the construction and full operation of the lab scale pilot unit for recycling and [...]

Geomega Resources Inc. is pleased to announce that Innord Inc. , a private subsidiary controlled by GéoMégA, has appointed Ginger International Trade & Investment Pte Ltd , as consultants that will serve as Innord’s official sales representative for Europe and Asia. GITI will be responsible for sales of Innord’s rare earth products to designated customers in Europe and Asia and assisting to [...]