Geomega Resources Inc. · TSXV:GMA
Geomega Resources — Shareholder Meeting (November 2024)
45 slides from Geomega Resources's shareholder meeting presentation, November 2024
Slide 1: Technology Royalties & Metals Circularity
Technology Royalties & Metals Circularity Valorization of mine tailings and other waste streams Kiril Mugerman – November 2024 - AGM
Slide 2: Forward looking statement
Forward looking statement Our presentation contains “forward-looking statements” not based on historical facts. Forward-looking statements express, as of the date of this presentation, our estimates, forecasts, projections, expectations and opinions as to future events or results. The forward lookin
Slide 3: Outline
Outline 1. Introduction 2. Projects 3. Final remarks Sustainable Critical Metals Extraction & Decarbonization Technologies Page 3 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 4: Introduction
~- Introduction
Slide 5: Introduction
Introduction We develop clean technologies to extract critical & strategic metals Sourcing from primary ores, mine tailings and industrial waste Geomega in numbers: Founded in 2008 > $23M investments in R&D since 2015 5 patented and patent-pending technologies A strong team of technical professional
Slide 6: Critical and strategic elements
Critical and strategic elements CHINA Au Mo Gold Fe P A growing problem in an evolving world Molybdenum Iron ore Phosphorous K B Al Potash • Secure and sustainable supply is Boron Sb Aluminum Antimony U on every nation’s mind Ga CaF2 Uranium Gallium Fluorspar C Co Sn Graphite Cobalt Tin • It changes
Slide 7: Critical and strategic elements
Critical and strategic elements CHINA Au Mo Gold Fe P A growing problem in an evolving world Molybdenum Iron ore Phosphorous K B Al Potash • Secure and sustainable supply is Boron Sb Aluminum Antimony U on every nation’s mind Ga CaF2 Uranium Gallium Fluorspar C Co Sn Graphite Cobalt Tin • It changes
Slide 8: Metal extraction associations
Metal extraction associations V Al Mn REE Ti Zn Cr As Ti Fe Cu Oxide Mn Mg Cu Li Cr Fe • Critical metals are present in ores Ca/Si Sn V Sc Ni Mg Pb B Br association with other minerals in Co Ni As Ga Mn Al various deposits Fe Al Cu Zn Pb Cl Sn Mg Fe Al Al Fe Fe Mg Cr Nb • Grades not high enough to h
Slide 9: Metal extraction associations
Metal extraction associations V Al Mn REE Ti Zn Cr As Ti Fe Cu Oxide Mn Mg Cu Li Cr Fe • Critical metals are present in ores Ca/Si Sn V Sc Ni Mg Pb B Br association with other minerals in Co Ni As Ga Mn Al various deposits Fe Al Cu Zn Pb Cl Sn Mg Fe Al Al Fe Fe Mg Cr Nb • Grades not high enough to h
Slide 10: Why process innovation?
Why process innovation? The drivers • Demand for critical minerals • Declining ore quality • Sustainability targets Our goals • Competitivity • Tailings and industrial waste valorization • Processing unconventional ores • Resource circularity • Energy efficiency improvement Our approach • GHG reduct
Slide 11: Core technologies
Core technologies 26 Fe iron Critical Metals Iron Recovery Reagent Extraction & Refining & Valorization Recycling CO2 Utilization Process Heat H2 Production & Storage Recovery Sustainable Critical Metals Extraction & Decarbonization Technologies Page 11 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 12: Value recovery from tailings
Value recovery from tailings Key drivers: Strategy: • Need to develop more sustainable • Target bulk minerals and metals production of metals with strong established markets to decrease tailings volume • Provides secure resources and a diversified supply chain • Leads to grade enrichment for the cri
Slide 13: Benefits of value recovery from tailings
Benefits of value recovery from tailings Social and Operational environmental: and financial: Avoiding the costs, delays, Decreasing social and risks and impacts of opening Large resource environmental risks of new mines. potential. untreated tailings. Cutting complexity, costs Simpler access to Avo
Slide 14: Projects
Projects
Slide 15: Processing secondary feeds
End-of-life NdFeB magnet scraps Processing Industrial secondary feeds Bauxite residues Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 15 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 16: Processing secondary feeds
End-of-life NdFeB magnet scraps Processing Industrial secondary feeds Bauxite residues Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 16 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 17: Reuse vs. elemental recycling
Reuse vs. elemental recycling NdFeB magnet reuse: Elemental recycling: • Pulverization of the NdFeB alloy (e.g. H 2 • Chemical breakdown of NdFeB alloy to the decrepitation), then sintering or re-bonding. elemental level. • Magnetic coercivity is adjusted by doping • Enables new magnet formulations.
Slide 18: Geomega's process overview
Geomega’s process overview Competitive edge versus other magnet recycling approaches: Post-consumer and Process chemistry and design: industrial magnet scraps ✓ Readily available, non-aggressive main reagent ✓ Closed-loop reagent recycling Geomega’s ✓ Feed agnostic (coated scrap, swarf, etc.) recycl
Slide 19: Geomega's process overview
Geomega’s process overview Competitive edge versus other magnet recycling approaches: Post-consumer and Environmental footprint mitigation: industrial magnet scraps ✓ Limited effluents and solid waste ✓ Recovery of iron in a sellable form Geomega’s ✓ Much lower carbon footprint vs. conventional prod
Slide 20: Project development
Project development • Technology Readiness Level (TRL) 7 Capacity: • Demonstration plant project ongoing 1.5 tonnes of magnet/day • Patent pending (provisional PCT application) Location: Saint-Hubert, QC, Canada • Full ownership of intellectual property by Geomega. Financing from several organisms:
Slide 21: Processing secondary feeds
End-of-life NdFeB magnet scraps Processing Industrial secondary feeds Bauxite residues Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 21 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 22: About bauxite residues
About bauxite residues Bauxite residue is a mineral waste resulting from alumina refining via the Bayer Process. Every new tonne of aluminum metal results in about 4 to 5 tonnes of bauxite residue1. Schematic from the International Aluminium Institute, 2022. 1 International Aluminium Institute, 2022
Slide 23: Valorization of bauxite residues
Valorization of bauxite residues The opportunity Geomega’s solution • Global stockpile: over 4 billion tonnes • Recovery of bulk and critical metals • Global production: 170 Mt per year • Resource circularity & waste prevention • Finely ground material • Products of commercial interest • Potential t
Slide 24: Element resources of bauxite residues
Element resources of bauxite residues Bulk minerals: Component Fe2O3 Al2O3 TiO2 CaO SiO2 Na2O Typical range 1 (%) 5-60 5-30 0.3-15 2-14 3-50 1-10 Critical minerals: • High total REE • Greece: 1,040 ppm • Jamaica: 1,500-2,500 ppm • China, Russia, Suriname, and others 2,3 All REE from bauxite reports
Slide 25: Geomega's process
Geomega’s process Bauxite Residues Three treatment modules to maximize resource recovery Flexible commercial strategies adopting one, Alkalinity Iron removal extraction two or three modules in sequence Geomega’s process ✓ Volume reduction potential up to 85% Reagent Al / REE / Sc ✓ Revenues from var
Slide 26: Geomega's process
Geomega’s process Bauxite Residues Addressing key success criteria that has Alkalinity Iron removal extraction been challenging to prior approaches: Geomega’s process ✓ Versatility to treat residue from different origins Reagent Al / REE / Sc ✓ Neutralization with no reagent consumption recycling Re
Slide 27: Project development
Project development • Technical Readiness Level (TRL) 5-6 • Patent pending (provisional PCT application) • Full ownership of intellectual property by Geomega. Timeline 2020 2021 2022 2023 2024 Initial bench-scale R&D development $4M piloting and $1M iron Ongoing pilot experiments co-financed by valo
Slide 28: Processing secondary feeds
End-of-life NdFeB magnet scraps Processing Industrial secondary feeds Bauxite residues Concrete waste Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 28 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 29: Implications of sulfide tailings
Implications of sulfide tailings Land and water impacts: • One of the most globally predominant and problematic types of tailings • Risks of acid mine drainage and environmental contamination of harmful metals • Limited technoeconomic potential reached by prior processing techniques Case example: py
Slide 30: Objectives for a zero-waste valorization
Objectives for a zero-waste valorization Iron Nickel Sulfur High extraction rate and Upgraded nickel Commercial processes to selectivity to obtain low-Ni, concentrate (> 6% Ni) with obtain H2SO4 or S, flexible DRI-grade iron ore high recovery rate commercial strategies Silicates Low footprint Scalab
Slide 31: History and challenges encountered
History and challenges encountered Challenges in prior attempts to valorize pyrrhotite tailings 1,2 : Thermal upgrading to Smelting with limited Direct leaching in strong ferronickel: pre-treatment: acids: Cost of SO2 management Contaminants in pig iron (Cu, Large volume of salt effluents produced d
Slide 32: Geomega's process
Geomega’s process Process chemistry and design: Pyrrhotite tailings Iron extraction: ✓ No SO2 off-gas Iron Sulfur extraction conversion ✓ High selectivity of Fe against Ni ✓ Ammonia-free, non-volatile leachant Geomega’s process ✓ High product purity and recovery rates Reagent Nickel Sulfur managemen
Slide 33: Geomega's process
Geomega’s process Environmental footprint mitigation: Pyrrhotite tailings ✓ Main reagents recycling ✓ No neutralization reagents Iron Sulfur extraction conversion ✓ No net CO2 emissions using clean hydrogen Geomega’s and other clean energy sources process ✓ Potential for net-zero water balance Reage
Slide 34: Development status
Development status ✓ Technical maturity of different process steps between bench and piloting scales ✓ Process IP 100% owned by Geomega ✓ Applicable to sulphide tailings from other base metals mines (REE and other metals) ✓ Revenues through royalties on sold products One of the winners on the Pyrrho
Slide 35: Processing secondary feeds
End-of-life NdFeB magnet scraps Processing Industrial secondary feeds Bauxite residues Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 35 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 36: Transferring technical expertise to low-grade ores
End-of-life NdFeB magnet scraps Transferring technical expertise to Industrial Bauxite residues low-grade ores Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 36 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 37: Transferring technical expertise to low-grade ores
End-of-life NdFeB magnet scraps Transferring technical expertise to Industrial Bauxite residues low-grade ores Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 37 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 38: Case study: low-grade ores
Case study: low-grade ores About the Montviel carbonatite deposit: Located in 82.4 Mt > 184 Mt 1.5 % 0.17 % Abitibi region, Quebec of ore indicated ore inferred total REO Niobium The largest bastnaesite resource in North America Accessibility to power and logistics infrastructure and local workforce
Slide 39: Case study: low-grade ores
Case study: low-grade ores Our core technologies developed to process mining tailings, industrial wastes, post-consumer scrap Expanding REE production capacity to close the future demand gap Emerging REE deposits in which conventional process technologies are challenging to implement Sustainable Cri
Slide 40: REE and extraction from bastnaesite
REE and extraction from bastnaesite Bastnaesite ore Key advantages: Alkali-earths Iron removal extraction ✓ No flotation needed ✓ Enhanced REE recovery Geomega’s process ✓ Reagent recycling REE / Nb Reagent ✓ Lower water and reagent consumption recovery recycling ✓ Reduced carbon footprint ✓ High-gr
Slide 41: REE and extraction from bastnaesite
REE and extraction from bastnaesite Bastnaesite ore Development status: Alkali-earths Iron removal extraction ✓ Initial process patented in 2015 Geomega’s ✓ Work restarted on process process improvements (at TRL 3) REE / Nb Reagent ✓ R&D financed by Quebec Government recovery recycling Alkali-earth
Slide 42: Transferring technical expertise to low-grade ores
End-of-life NdFeB magnet scraps Transferring technical expertise to Industrial Bauxite residues low-grade ores Mining Sulphide tailings Sustainable Critical Metals Extraction & Decarbonization Technologies Page 42 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 43: End-of-life streams
End-of-life streams Constantly evaluating other Industrial waste streams opportunities for our technologies to tap into lost value ? Mining waste streams Primary mining streams Sustainable Critical Metals Extraction & Decarbonization Technologies Page 43 • www.geomega.ca • TSX.V: GMA • OTC: GOMRF
Slide 44: Final remarks
Final remarks Strong support from industry and governments Many drivers to recover bulk and critical metals from secondary sources Many opportunities in various industries and mining sectors Advancing the technologies towards commercialization / Licensing / Royalties Sustainable Critical Metals Extr
Slide 45: Contact Point: Kiril Mugerman – CEO
Contact Point: Kiril Mugerman – CEO kmugerman@geomega.ca Pouya Hajiani – CTO phajiani@geomega.ca www.geomega.ca © 2024 Geomega Resources. All rights reserved. This document contains confidential and proprietary information of Geomega Resources Inc. Unauthorized reproduction, distribution, or disclos
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