Business
Geomega provides update on rare earth magnet recycling demonstration plant
MONTREAL, June 04, 2025 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“ Geomega ”...
About this update from Geomega Resources Inc.
[{"type":"text","content":"Geomega provides update on rare earth magnet recycling demonstration plant\n\n\n\n MONTREAL, June 04, 2025 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“\n \n Geomega\n \n ” or the “\n \n Corporation\n \n ”) (TSX.V: GMA) is pleased to provide an update on the construction of the rare earth magnet recycling plant in Saint-Hubert, Quebec.\n \n\n Since the last update in October 2024 (\n \n see press release\n \n ), significant progress has been achieved in all of the main activities including procurement, equipment installation and electrical work.\n \n\n Procurement of the long lead items is now complete and the majority of equipment has now been delivered as well. Two main reactors are undergoing final modifications and inspections and are expected to be shipped in June while the kiln and the packaging station were shipped end of May. The conveyors design is being finalized with the vendors and an order is expected to be placed in June.\n \n\n The engineering team is working on plant instrumentation and valves which are all expected to be ordered over the coming months. An external contractor is working with Geomega’s team on the control and automation system which will then be integrated into the plant. The start up and commissioning procedures are being prepared in parallel as well. Piping design, build and installation will be started towards the end of the summer when all the equipment is received.\n \n\n All the process equipment that has been received has already been assembled, placed in position and are being leveled and anchored in place. The electrical cables installation is ongoing while the electrical inlet to receive the increased power supply from Hydro Quebec has already been completed. The powering up of the new supply line is expected imminently and depends on the availability of the Hydro Quebec crews. All the utility units have been received with installation planned in the upcoming months. The chiller unit requires some repairs and modifications which are expected to take place during the same period as well.\n \n\n Environmental permitting request has been submitted and the file is currently being reviewed. Based on the current schedule of equipment arrival and the remaining steps, plant construction should be completed towards the end of 2025. Testwork is expected to begin ...