The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Garnering another roughly C$2 million in funding toward the development of its rare earths recycling demonstration plant to be built in Saint-Hubert, Quebec, to date, Geomega Resources Inc. has accumulated over C$10 million in the last year alone. Provided by Next Generation Manufacturing Canada (NGen), this round of funding is part of a total envelope of roughly C$2.96 million awarded to Geomega and a private Quebec-based research and development company to perform a project...
Provides update on magnet and bauxite recycling pilot plants, and nominates supply chain expert to serve on board. Coming into the final months of 2023, Geomega Resources Inc., a leading developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials, has released an update for its various operations and construction of the plants that will help fuel the low-carbon future. After announcing at the end of May regarding the...
Foreseeing a green technologies hub emerging in the southeastern regions of Canada, Geomega Resources Inc. is centralizing all its operations into a single larger location within the town of Saint-Hubert, Quebec. This Quebec locale harkens back to Geomega's roots, as the critical metals recycling and extraction company originally began developing its innovative technologies while seeking a means to recover rare earths from its Montveil deposit in Quebec. The company, however,...
With another C$3 million in funding, but this time from the Government of Canada's Critical Minerals Research, Development and Demonstration program, Geomega Resources Inc. is well-financed to continue construction of its magnet recycling demonstration plant to help power the ongoing energy transition. Over a month since it received a C$3 million grant from Canada's Technoclimat Program, Geomega says funding is welcome considering the additional costs arising from the various...
Using a technology initially intended to recover rare earths from recycled magnets, Geomega Resources Inc. subsidiary Innord Inc. has received sizable funding toward an unexpected benefit of the technology, to extract value from and reduce the environmental footprint of aluminum waste from refineries. Awarded a C$1.5 million funding from Sustainable Development Technology Canada, this accelerates Geomega's plans toward the construction of a pilot plant and the completion of a...
Developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials, Geomega Resources Inc. announced it has been awarded a C$3 million grant from the Technoclimat Program toward the construction of a magnet recycling demonstration plant. "We are very grateful to the Quebec Government for their support of our project," said Geomega Resources President and CEO Kiril Mugerman. "Furthermore, the Quebec Government understands that to...
Coal ash, acid drainage, and tailings for future green economy As the world continues to prime itself for the global energy shift, academia, governments and the private sector are scrambling to extract the valuable minerals and metals necessary to power the low-carbon renewable future – resulting in some truly innovative and unconventional methods. In addition to the rare earths, cobalt, lithium, and other technology metals that capture headline attention, this list often miss...
After receiving C$4 million in funding toward a pilot plant and feasibility study for the sustainable recovery of iron and critical minerals from aluminum waste, Geomega Resources Inc. has entered into a development agreement with partner Rio Tinto that provides C$1 million to complete proof-of-concept work being carried out by Geomega subsidiary Innord Inc. As the largest aluminum producer in North America, Rio Tinto has agreed to begin evaluating in parallel with Innord,...
Though originally developed to recover rare earths from recycled magnets and potential ore from its Montviel REE deposit in Quebec, Geomega Resources Inc.'s rare earths and critical minerals extraction technology may draw value from and reduce the environmental footprint of bauxite residues piling up at aluminum refineries. Innord, a subsidiary of Geomega focused on developing solutions to large industrial mine waste challenges with its technology to extract critical...
Geomega Resources Inc. has entered into a preliminary agreement to recycle rare earths from a neodymium-iron-boron magnet production facility Everwin Magnetics Co. is developing in Ontario, Canada. Everwin is a subsidiary of Forte Mobility Co., a private company established in 2019 to design and manufacture customized electric buses and vans for public transit agencies and fleet customers in North America. Toward this goal, the company recently acquired a 435,659-square-foot...
Following the successful completion of four rounds of testing its rare earths recycling pilot plant, Geomega Resources Inc. is ready to begin scaling up the technology. "Having a fully operational pilot plant has provided Geomega with the necessary validation to proceed to the next stages of engineering, finalize discussions with vendors and launch procurement," said Geomega Resources President and CEO Kiril Mugerman. Though Geomega owns a mining project in Quebec that hosts...
A pair of Texas congressmen, Republican Lance Gooden and Democrat Vicente Gonzalez, have introduced the Reclaiming American Rare Earths Act, bipartisan legislation aimed at reducing America's dependence on China for rare earth elements and other critical minerals. The United States depends on foreign countries for more than 50% of its supply of 31 of the 35 minerals considered critical to the nation's economic wellbeing and national security, including 100% import-reliant for...
It is estimated that upwards of US$13.8 billion of rare earth magnets are imported into the United States each year, which is creating a stockpile of some of the most widely used rare earth elements. These powerful REE magnets are used in a wide variety of applications – high-performance motors in electric vehicles, wind turbines and generators, medical magnetic resonance imaging (MRI), and high-fidelity speakers to name a few. Canada-based Geomega Resources Inc. has d...
Already involved in nearly every facet of the rare earth supply chain, from mining these technology elements to manufacturing powerful REE magnets, USA Rare Earth LLC has cut a deal with Geomega Resources Inc. to recycle these metals. Under a letter of intent signed by the companies on July 15, Quebec-based Geomega would recycle rare earth-containing waste from producing neodymium-iron-boron permanent magnets at a facility New York-based USA Rare Earth is planning to build in...
Reminiscent of America's gilded age, the world is priming itself for a new era of technology and energy centered on the electricity that sparked the imaginations of visionaries such as Nikola Tesla and Thomas Edison. This new era, however, sets aside more than a century of burning fossil fuels in favor of new clean sources of the electricity that will power human innovation into the 21st century and beyond. Solar, wind, hydro, and geothermal are but a few of the methods...
