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By Shane Lasley
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Geomega, USA Rare Earth recycling pact

US, Canadian companies sign LOI for recycling REE magnets Metal Tech News Weekly Edition – July 22, 2020

 

Last updated 7/10/2022 at 2:43pm

USA Rare Earth Geomega Resources LOI to recycle neodymium REE magnets

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The process of manufacturing and machining the neodymium magnets that go into electric vehicle motors, wind turbine generators, high-fidelity speakers, medical imaging devices, and a multitude of other applications generates up to 30% magnet chips and scrap that need to be recycled.

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 pe...



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