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Geomega Receives $2.7M from Exercise of Warrants and Provides Update on Bauxite Residue Opportunity
Montreal, Quebec--(Newsfile Corp. - November 19, 2025) - Geomega Resources Inc. (TSXV: GMA)&...
About this update from Geomega Resources Inc.
[{"type":"text","content":"Geomega Receives $2.7M from Exercise of Warrants and Provides Update on Bauxite Residue OpportunityMontreal, Quebec--(Newsfile Corp. - November 19, 2025) - Geomega Resources Inc. (TSXV: GMA) (\"Geomega\" or the \"Corporation\") is pleased to provide an update on the recent financial instruments' exercises and observations and takeaways on the growing bauxite residue valorization opportunity as seen during the ICSOBA and IFCURM 2025 conferences. Financial Instruments ExercisesSince the beginning of the current fiscal quarter (September 1, 2025), the Corporation has raised $2,728,773 through the exercise of various financial instruments (warrants and options). In addition, some convertible debentures were converted as well. All inclusive, this resulted in the issuance of a combined total of 11,991,819 common shares. Only 110,000 warrants expired on November 6, 2025. Insiders exercised all their options and warrants that were approaching their expiry as well. All the major shareholders that held warrants exercised and added to their position including Michael Gentile, an important shareholder, an advisor and a strong financial backer of the Corporation. The updated corporate structure is presented in the table below. Issued & Outstanding160,748,007             Stock-Options6,160,000             Deferred Share Units2,104,000             Restricted Share Units2,616,000             Warrants ($0.40, expiry February 2026)704,028             Convertible Debentures (12%, $0.12 conversion)16,431,350             Fully-Diluted188,763,385             \"We extend our sincere gratitude to all shareholders for their continued support over the past years and especially in recent months,\" said Kiril Mugerman, President & CEO of Geomega. \"Our mission to develop clean and sustainable processing technologies for some of the world's most challenging mining and industrial residues is both ambitious and complex. Advancing these game-changing solutions takes time, and your patience and commitment remain essential to our progress and long-term success.\"Update on Recent Conferences and...