Critical Metals

Geomega Resources (“GéoMégA” or the “Corporation”) (TSX.V: GMA) is pleased to announce that Innord (“Innord”), a private subsidiary controlled by GéoMégA, successfully processed an industrial residue and produced a high purity rare earth elements concentrate (“REE”), a high purity cobalt product and is advancing separation of Neodymium and Dysprosium using its proprietary technology based on …

Geomega Resources (“GéoMégA” or the “Corporation”) (TSX.V: GMA) is pleased to announce that Innord (“Innord”), a private subsidiary controlled by GéoMégA, successfully processed an industrial residue and produced a high purity rare earth elements concentrate (“REE”), a high purity cobalt product and is advancing separation of Neodymium and Dysprosium using its proprietary technology based on electrophoresis which has reached to date 95% purity for each oxide.

The industrial residue that has been successfully processed, has been identified to date in North America, Europe and Asia and is running on average, depending on the source, at grades between 40% and 50% TREO and between 1% and 2% cobalt.

The residues typically contain up to 4 different REE, the main ones being Neodymium (Nd) and Dysprosium (Dy), which are critical in the production of permanent magnets.
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