Business
Geomega Resources Provides Update on its Projects; Announces Annual General Special Meeting of Shareholders, New Board Member Nominee and New Omnibus Incentive Plan
MONTREAL, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) (OTC: GOMRF), a developer of clean technologie
About this update from Geomega Resources Inc.
[{"type":"text","content":" MONTREAL, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) (OTC: GOMRF), a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials, is pleased to provide the following updates: Demonstration plant update Bauxite residues pilot plant update Karine Emond presented as a new nominee to the board of directors of Geomega New Omnibus Incentive plan Annual General Special Meeting of Shareholders (the “AGSM”) to take place on October 25, 2023 Demonstration Plant Update The demonstration plant is Geomega’s most advanced project and has seen significant progress since the announcement of the new centralized facility in St Hubert for both the demo plant and the R&D activities (see press release April 27, 2023). After the restart of the engineering activities by BBA in May 2023, work focused on process and layout adjustments for the new facility. The updated plant 3D layout is now at about 50% completion. Additional information will be added from various mechanical engineering disciplines as that information becomes available. The current plant layout 3D model can be seen in Figure 1 below. Procurement activities have been ongoing since July and several main equipment items have been ordered in the last few months. Some equipment had to be adjusted to the new layout and will be ordered in the coming months as soon as the final quotes and designs are approved. In parallel, Geomega performed Factory Acceptance Tests (FAT) on 3 major pieces of equipment that were ordered in 2022 and earlier in 2023. Geomega’s technical team has been abroad for 2 weeks in September performing these and obtaining the required training in preparation for equipment assembly and operation. Several permitting activities are currently ongoing. Data continues to be collected on Geomega’s process to perform the required modeling before a final submission for environmental permitting with the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP) is done in Q4/2023. For that, a baseline environmental study has been performed at the St Hubert facility including the installation of 3 monitoring water wells around the site. For the various municipal permits that are required to begin construction, e...