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Geomega Accelerates Growth with New Integrated R&D and Piloting Facility Supported by $750,000 Federal Contribution
Montreal, Quebec--(Newsfile Corp. - December 17, 2025) - Geomega Resources Inc. (TSXV: GMA)&...
About this update from Geomega Resources Inc.
[{"type":"text","content":"Geomega Accelerates Growth with New Integrated R&D and Piloting Facility Supported by $750,000 Federal ContributionMontreal, Quebec--(Newsfile Corp. - December 17, 2025) - Geomega Resources Inc. (TSXV: GMA) (\"Geomega\" or the \"Corporation\") is pleased to announce that it has secured a $750,000 repayable contribution from Canada Economic Development for Quebec Regions (CED) to support the development of Geomega's new integrated laboratories and piloting facilities, (the \"Project\") at the Corporation's Saint-Hubert site, where the rare earth magnet recycling demonstration plant is currently being built. This strategic investment marks a major step forward in accelerating the scale-up of Geomega's technologies and consolidating its growing operations under one roof.A Step Forward to Accelerate GrowthOver the past several years, Geomega has achieved breakthrough milestones in rare earth magnet recycling and bauxite residue valorization, despite operating within highly limited laboratory and piloting space at the NRC Boucherville facilities. These achievements have demonstrated the strength of the Corporation's technologies, the talent of its technical teams, and the increasing demand for its solutions.With the momentum behind both R&D and client-driven piloting campaigns, Geomega is now taking a decisive step to expand and accelerate its development pipeline. The new facility will provide the space, infrastructure, and capacity needed to advance multiple technology developments simultaneously, shorten development cycles, and support the Company's scale-up and commercialization roadmap.\"Our government is committed to investing in our industries to help build a strong, sustainable, secure economy. This strategic investment aligns with the reality of a thriving global market and will give Geomega the tools it needs to move Canada's critical metals ecosystem forward in Quebec. This project will have tangible economic spin-offs for Quebec's workers and industry.\"The Honourable Mélanie Joly, Minister of Industry and Minister responsible for CED.Contribution termsThe Regional Economic Growth through Innovation (REGI) program, administered by CED, will provide Geomega with an interest-free, repayable contribution of $750,000. The funding will support:acquisition of specialized laboratory and piloting equipmentconst...