Geomega Provides REE Recycling Demo Plant Update
March 28 2022 - 7:15AM
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 shareholders with a technical update on the rare earths
recycling demo plant located in Saint-Bruno-de-Montarville, Quebec.
“Our engineering team has been working
diligently to ensure that the roll out to procurement and
construction goes smoothly and that any unnecessary risks are being
addressed. The migration from external process engineering to
bringing it in-house has been successful and has provided the
engineering team more flexibility and control as we move towards
construction. The engineering team is preparing the execution
stages for procurement and construction and are working with
suitable service providers that will deliver to our specifications,
especially with regards to delivery times and being on budget. I
would like to thank shareholders for their continued patience, and
we will be providing further updates on engineering, procurement
and construction as these activities progress and milestones are
reached.” commented Kiril Mugerman, President & CEO of
Geomega.
With an expanded team of engineers since the end
of 2021, Geomega has been able to advance on many aspects of the
engineering work as described below:
- Process design – The process flow
diagrams (PFD), process control diagrams (PCDs), stream tables,
utility list, process description, control philosophy and operation
schedule (batch process) for the project are now complete with
minor changes expected to be integrated periodically as the project
advances. The Piping & Instrumentation Diagrams (P&ID) are
approximately at 50% completeness level providing sufficient
support to start ordering equipment. Line sizing, instrumentation
and control hardware selection is ongoing.
- Equipment and packages – The
engineering team has now completed the internal review of the
equipment design, datasheets, and quotes. Updated quotes based on
the latest datasheet modifications are being requested from
selected vendors. Detail design work will continue after the
purchase orders submission in coming weeks and upon receiving
vendor complete specifications.
- Layout – An updated layout in 3D
has been generated. More information will be integrated with
additional data to be received from vendors and once the line
sizing is complete. The updated layout can be seen in Figure 1
below.
- Pre-construction activities – The
Corporation is now in discussions with service providers who will
be handling the peripheral engineering design (civil and
architectural, HVAC system, drain system designs, etc.),
construction permitting, performing the safety related activities
such as independent HAZID and HAZOP, and eventually contribute to
construction and commissioning. The external service providers will
be working along with the Corporation internal engineering
team.
- Complementary testwork – Certain
pilot testwork has been continuing internally and externally
throughout the last 6 months focused on magnet crushing and solid
handling. Various pilot equipment for this testwork continued to
arrive at the Boucherville and Saint-Bruno-de-Montarville’s
facilities where testing is conducted. Furthermore, bench scale
testwork has been performed intermittently to optimize the process
and to improve final purity of the products. Relevant results have
been integrated to the process. More testwork to support and adjust
the design will be performed as needed as the project
advances.
Figure 1: 3D layout of the REE recycling
demonstration plant
(PDF)https://www.globenewswire.com/NewsRoom/AttachmentNg/29931671-f8c5-4e95-9c21-0e6181a01404
About Geomega
(www.geomega.ca)Geomega
develops innovative technologies for extraction and separation of
rare earth elements and other critical metals essential for a
sustainable future. With a focus on renewable energies, vehicle
electrification, automation and reduction in energy usage, rare
earth magnets or neo-magnets (NdFeB) are at the center of all these
technologies. Geomega’s strategy revolves around gradually
de-risking its innovative technology and delivering cashflow and
return value to shareholders while working directly with the main
players in these industries to recycle the magnets that power all
those technologies.
As its technologies are demonstrated on larger
scales, Geomega is committed to work with major partners to help
extract value from mining feeds, tailings and other industrial
residues which contain rare earths and other critical metals.
Irrespective of the metal or the source, Geomega adopts a
consistent approach to reduce the environmental impact and to
contribute to lowering greenhouse gases emissions through recycling
the major reagents in the process.
Geomega’s core project is based around the ISR
Technology (Innord’s Separation of Rare Earths), a proprietary,
low-cost, environmentally friendly way to tap into a C$1.5 billion
global market to recycle magnet production waste and end of life
magnets profitably and safely.
Geomega also owns the Montviel rare earth
carbonatite deposit, the largest 43-101 bastnaesite resource
estimate in North America and holds over 16.8M shares, representing
approximately 14% of the issued and outstanding shares, of Kintavar
Exploration Inc. (KTR.V), a mineral exploration company that is
exploring for copper projects in Quebec, Canada.
For further information, please
contact:
Kiril Mugerman |
President and CEO |
Geomega |
450-641-5119 ext.5653 |
kmugerman@geomega.caNancy ThompsonVorticom Public
Relations212-532-2208nancyt@vorticom.comTwitter: @Geomega_REE |
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Forward-looking statements and information are based on information
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which are beyond the Corporation’s control. These risks,
uncertainties and assumptions include, but are not limited to,
those described under “Risk Factors” in the Corporation’s annual
management’s discussion and analysis for the fiscal year ended May
31, 2021, which is available on SEDAR at www.sedar.com; they could
cause actual events or results to differ materially from those
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contained in this news release to reflect subsequent information,
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