Geomega Gets New Equipment to Speed Scale-up Activities

Geomega Resources (TSXV:GMA) subsidiary Innord has bought extra equipment to complete current scale-up activities to a 20-liter unit.

As quoted in the press release:

The new equipment includes a 30 liter filtration system and pumps, larger capacity furnace and most importantly, a larger crusher with a working rate of 12 kg/hr to process some of the residues that the corporation is receiving. All the equipment is expected to arrive in December and will be used to fully complete the scale up activities. Furthermore, the equipment was designed and manufactured such that it will be able to be used in future scale ups thereby reducing costs and significantly improving upon construction time.

Kiril Mugerman, Geomega president and CEO, commented:

“With the major development events over the last 12 months for our separation technology and its application in the recycling of permanent magnets, Innord and Geomega are well positioned to become a leader in rare earth extraction and refining. As our technology matures and scales up, we should be in a position to supply rare earth oxides to North America and Europe and be ready to develop our rare earth Montviel project when the markets improve to justify new REE mining projects.”

Click here to read the full press release.