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Good progress in the study of Geomega rare earths
Jul 22,2021 09:07CST
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The content below was translated by Tencent automatically for reference.

Geomega Resources Inc. A developer for mining, refining and rare earth recycling has recently provided progress on the construction of a rare earth recycling demonstration plant and some of the company's other R & D (R & D) programs.

The work of the laboratory is continuing to study a variety of magnet materials from different magnet manufacturers. The goal of this work is to ensure that the technology can handle a variety of chemical substances and sources that need to be treated as the capacity of the demonstration plant increases from 1.5 tons per day to 4.5 tons per day. The company has been studying four different magnet residue samples (debris) provided by some large Japanese magnet manufacturers and Western manufacturers operating in China. Since debris is one of the largest potential supply flows in the future, testing various flows is very important to evaluate recovery and economy. Each manufacturer's logistics has its own characteristics, and the company has proposed and tested a pretreatment method when needed.

Kiril Mugerman, President and CEO of Geomega, said, "creating new sustainable technologies for recycling rare earths is challenging, and a team of researchers and engineers have successfully completed the required tasks with the goal of laying a solid foundation for its demonstration plant to make it a success. As the engineering work progresses, the R & D team is now constantly testing the potential of the technology and laying the foundation for ensuring the long-term growth vision of Geomega and its shareholders. With sufficient construction funds, we focus on production from the demonstration plant, which will be the backbone of our technology as we gradually try to apply it to Montviel, bauxite residue and other materials.

Geomega has developed innovative technologies for the extraction and separation of rare earth elements and other critical metals that are critical to a sustainable future. Rare earth magnets or new magnets (NdFeB) are at the heart of all these technologies focusing on renewable energy, vehicle electrification, automation and reduced energy use. Geomega's strategy revolves around gradually reducing the risks of its innovative technologies and providing cash flow and return value to shareholders, while working directly with key players in these industries to recover the magnets that power all of these technologies.

With the large-scale demonstration of its technology, Geomega is committed to working with key partners to help extract value from mining raw materials, tailings and other industrial residues that contain rare earths and other key metals. Regardless of the metal or source, Geomega uses a consistent approach to reduce the impact on the environment and reduces greenhouse gas emissions by recycling the main reagents in the process.

Geomega's core project is based on ISR technology (Innord's rare earth separation technology), a proprietary, low-cost, environmentally friendly way to enter the C $1.5 billion global market and profitably recycle magnet production waste and scrapped magnets.

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