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Geomega Resources Gearing Towards First Production of Rare Earths in Canada in 2020; Provides Update on ISR Technology
Increase in reagent recovery to over 95% - keeps operating costs low and the process green More feed variability can now be used with ISR technology:◦ Can now p
About this update from Geomega Resources Inc.
[{"type":"text","content":" Increase in reagent recovery to over 95% - keeps operating costs low and the process green More feed variability can now be used with ISR technology:◦ Can now process metallic and calcined feeds of magnet, NdFeB and SmCo waste◦ Can now recycle bonded magnets in addition to sintered magnets making it a valid clean technology for both kinds of magnets Geomega CEO, Kiril Mugerman, will be at the Argus US Specialty Metals Conference in Chicago, Illinois, US to discuss the recent developments of the ISR technology and the current developments in the rare earths sector. MONTREAL, June 04, 2019 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) is pleased to provide an update on its proprietary ISR technology, financing, FEED study and rare earths market update. Technology updatePilot Plant operation continues to be optimized and has confirmed the following improvements to the process: The recovery of the main reagents has now reached over 95%, a critical point in developing a clean process for recycling and processing rare earth elements; In order to be as flexible as possible in accepting various magnet waste feeds from multitude of industries all over the world, the ISR technology has now been confirmed to function with both the metallic and the calcined phase of magnets; Various magnet types including NdFeB and SmCo have now been successfully processed using the ISR technology and work is still ongoing; In order to service the entire spectrum of the NdFeB magnet industry, the ISR technology has been successfully applied to both sintered (magnetic powder is press molded then heat treated) and bonded (magnetic powder is mixed with a binder and then molded) magnets. The bonded magnet industry is smaller than sintered magnets (11,000 tonnes vs 160,000 tonnes per year production) but is steadily growing. Bonded magnets pose some challenges with the traditional recycling method that is used in China due to the plastic, resin and epoxy content in them. The ISR technology is now a valid clean alternative to recycle bonded magnets which gives us access to the waste generated from the factories making this product. Financing & FEED Study UpdateDiscussions are continuing with strategic partners, institutional groups as well as various levels of government in regard to financing ...