Geomega Resources Signs Technology License Agreement With Innord

Geomega Resources (TSXV:GMA) has signed a technology license agreement with Innord Inc., under the terms of which Geomega has been granted a non-exclusive license to build and operate processing and separation facilities using the licensed technology.
As quoted in the press release:

The Licensed Technology includes the patent applications for “A system and method for separation and purification of dissolved rare earth/precious metals elements/compounds” covered under patent application 2,893,793 (Canada) and 14/653,777 (U.S.A) and for “A system and a method for metallurgical extraction of REE and Nb from Ferro-Carbonatite” covered under patent application 62/180,663. The companies will continue to work jointly on developing the technologies, scaling up, implementing pilot plants and attaining industrial application. The TLA is not limited in time and is not restricted to any particular territory.

Click here for the full press release.