Business
Geomega Resources: Innord successfully builds mini-pilot; Targets moving to a cash flow demonstration plant
MONTREAL, April 03, 2019 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“GéoMégA” or the “Corporation”) (TSX.V: GMA) is pleased to provide an update on Innord Inc.
About this update from Geomega Resources Inc.
[{"type":"text","content":" MONTREAL, April 03, 2019 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“GéoMégA” or the “Corporation”) (TSX.V: GMA) is pleased to provide an update on Innord Inc.’s continuing successful validation of its proprietary ISR technology and its plans for a 1 ton per day of third party sourced magnet waste demonstration plant. Mini PilotInnord Inc. (“Innord”), a private subsidiary controlled by GéoMégA, has now completed the construction and full operation of the lab scale pilot unit for recycling and processing rare earth permanent magnets. What started in 2018 as just another step in the planned scale up to a 20 Litres processing reactor, has been transformed into an operational mini-pilot unit that represents the extraction and purification flowsheet of the innovative and proprietary clean ISR technology for recycling permanent magnets. The mini-pilot includes (i) a grinding/sieving section, (ii) the ISR reactor and the associated filtration units, (iii) the major reagent recovery and recycling circuit and (iv) a furnace, all connected and operating to demonstrate the full recycling process of rare earth magnets to saleable rare earth oxides. The mini-pilot has the throughput to process two kilograms of magnet waste feed during each batch. The pilot uses only off the shelf type equipment, has an operating temperature of less than 200°C during hydrometallurgy and functions predominantly in atmospheric or near atmospheric pressure conditions. ISR Technology validationSetting up the pilot allowed Innord to validate many aspects of the ISR process in 10X larger scale, which performed exactly as anticipated based on prior lab tests. Major reagent recycling is currently operating at approximately 90% recovery with no wet tailings produced from the process. The main waste product from the process is iron residue that Innord intends to provide to the local iron industry. The way the process was designed, energy consumption is relatively low, and the process is considered energy efficient. Moreover, Innord is evaluating an option to use a by-product of the process as a green source of energy to potentially become energy self-sufficient. Average direct operating costs for third party sourced magnet feed grading at 30% Total Rare Earth Oxide (TREO) were confirmed to be about $3.00/kg of TREO. Innord will continue operating the mini-pilot in pa...