Business
Geomega Resources to Centralize Activities in St Hubert, Quebec; New R&D Funding for HCl recycling for REE and Sc extraction & Demo Plant Update
MONTREAL, April 27, 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, April 27, 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 announce that following a thorough review of its current and future projects and operations and an exhaustive research of the industrial real estate market in the Greater Montreal area, the Corporation has decided to combine all its operations into a single larger location in the town of St Hubert, Quebec. In addition, Geomega’s private R&D subsidiary Innord Inc. has been awarded a $493K grant from the Program to Support Research and Development for the Extraction, Transformation and Recycling of Critical and Strategic metals, administered by Consortium de recherche et d’innovation en transformation métallique (CRITM), towards the development of a process for recycling of hydrochloric acid (HCl) from several metal chlorides which can be used for rare earth elements (REE) and scandium (Sc) recovery from multiple sources. Furthermore, we are pleased to provide a technical update on the magnet recycling demonstration plant. St Hubert centralized location for demonstration plant and R&D The addition of new R&D projects over the last 24 months, including this HCl recycling process and more projects in the pipeline to expand our technologies to other major applications, has resulted in an increased space requirement for Geomega. On the other hand, the current facilities in Boucherville no longer made it possible to meet these growing needs neither for laboratory space nor for offices necessary to support hiring. With the construction of the magnet recycling demonstration plant starting later this year, the Corporation used the opportunity to relocate all the activities under one roof instead of expanding into a 3rd facility, incurring extra costs and more delays later on. The St-Hubert facility will meet the current needs while permitting growth and creating synergies between the different departments and projects. The standalone facility of over 18,000 sq.ft in the Gérard-Leclerc industrial zone of St Hubert, Longueuil, is located less than 8km from our previous location and has all the same location advantages such as less than 30 minutes from Montreal and within ...