Business
Geomega Resources Begins Hand Sanitizer Production at Pilot Plant in Québec
MONTREAL, May 06, 2020 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX:V.GMA) (OTC: GOMRF), a rare earths clean technologies de
About this update from Geomega Resources Inc.
[{"type":"text","content":" MONTREAL, May 06, 2020 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX:V.GMA) (OTC: GOMRF), a rare earths clean technologies developer for mining and recycling, today announces that the Company has completed the retrofit of its pilot plant and has begun the production of hand sanitizer for the Québec market. As indicated in the April 20, 2020 press release, the Corporation obtained the natural product number (“NPN”) and all the approvals from Health Canada in order to manufacture and distribute hand sanitizer using the WHO-recommended formulation. The modifications have now been completed and production has begun. The production is from the Corporation’s Pilot Plant and allows Geomega to produce up to 675 liters per week. Although, since there is a significant lack of supplies in the market, production capabilities will depend on availability of raw materials from local distributers. The Corporation will be securing additional supply of raw material and focus on distributing its hand sanitizer product to local retirement homes, hospitals, pharmacies and distributers in the province of Québec. The Corporation will be donating 20% of its hand-sanitizer production to local long-term care homes and other charities who are helping the most vulnerable in our society during this pandemic. The Corporation would like to thank local suppliers who were able to assist and support us during this quick transition. The Corporation would also like to clarify that the production of hand sanitizer is a temporary measure to help with local supplies and is not a change of business. All the regular activities of the Corporation, most importantly the engineering work for the rare earths recycling plant, are continuing in parallel as planned. About Geomega (www.geomega.ca)Based in Boucherville and St-Bruno, Canada, Geomega Resources has developed a proprietary, environmentally friendly “ISR Technology” that recycles rare earth elements with focus on the permanent magnet industry and produces four high demand, high price, rare earth elements (HHREE – specifically Nd, Pr, Tb, Dy). The Corporation is advancing towards initial production from its demonstration plant to supply HHREE’s to North America and other parts of the world. Geomega also owns the Montviel rare earth carbonatite deposit and holds over 16.8...