For ease of reference, the following table shows a comparison between batch design and continuous design:
Start of site preparation activities at the Saint-Hubert site. After a thorough review of the required structural activities and ongoing design replacement, the engineering team was able to choose several elements that are not affected by design replacement in an ongoing operation. Géoméga has hired a local corporate structure that will manage and carry out the necessary paintings. Site preparation activities that began at the Saint-Hubert factory include some civil paints that are not affected by design replacement, electrical paints, installation of the required chimney cover formula, and the HVAC formula for the rare earth recycling demonstration plant. Most of these paintings are expected to be completed by the end of June 2024. Engineering paints and procurement will continue in parallel with site preparation activities to avoid any further delays once installation and assembly of the apparatus is in condition to begin.
“We have worked diligently with all stakeholders to develop a sustainable solution for occasional land recycling. Although we will not have easy engineering work to complete in the coming months, we are very pleased to be able to begin site preparation activities at our Saint-Hubert plant. We believe that the proposed design changes are not only the obstacle we face with the municipality’s sewer infrastructure, but overall make our process a more environmentally sustainable technological solution for REE recycling, a physically more powerful commercial application and a largest demonstration plant for our long-term consumers. to see. Array As design adjustments and acquisitions progress in the coming months, we will be better placed to provide regular updates. Furthermore, I would like to highlight that none of the recent expansions and adjustments to the REE demonstration plant deserve to have any effect on our bauxite waste recovery initiatives. Furthermore, we continue to believe that the centralized Saint-Hubert facility is the most productive option for the demonstration plant and for our other R&D activities,” commented Kiril Mugerman, President and CEO of GéomegaArray.
Latest Press Addendum Geomega wishes to make an addendum to its press dated January 26, 2024 in connection with the acquisition of the Restricted Stock Units (“RSUs”) to align with the policies of the TSX Venture Exreplace. The update is as follows:
Corrected Acquisition and Agreement Terms: “MSRs are granted over a 2-year period in 50% annual increments and can be liquidated after 3 years. “
The rest of the data presented in the press dated January 26, 2024 remains unchanged.
About Geomega (www. geomega. ca) Geomega develops state-of-the-art technologies for the extraction and separation of rare terrestrial elements and other critical metals, essential for a sustainable future. Focused on renewable energy, vehicle electrification, automation, and cutting energy consumption. , the rare terrestrial magnets or neomagnets (NdFeB) are in the middle of all those technologies. Geomega’s strategy is to progressively de-risk its cutting-edge generation and generate money and price for shareholders while working directly with key players in those industries to recycle the magnets that force all those technologies.
As its technologies are demonstrated on a larger scale, Geomega is committed to working with key partners to help extract prices from mining feedstocks, tailings and other commercial tailings involving rare soils and other critical steels. Regardless of the steel or source, Geomega takes a consistent approach to reducing environmental impact and helping to reduce greenhouse gas emissions by recycling major reagents in the process.
Geomega also owns the Montviel rare earth carbonatite deposit, the largest estimated resource of bastnasite 43-101 in North America and owns more than 16. 8 million shares, representing approximately 14% of the issued and notable shares, of Kintavar Exploration Inc. (KTR. V). , a mineral exploration company exploring copper projects in Quebec, Canada.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is found in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements and statements may include, among other things, statements regarding the Company’s long-term plans, costs, objectives or prospects, or the assumptions underlying the foregoing. In this press release, words such as “possibly”, “could”, “may also”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plans ”, “estimates”, “target” and similar words and their negative form are used to identify forward-looking statements. Forward-looking statements should not be construed as promises of long-term results or effects, and will not necessarily constitute express indications as to whether, when or by what means such long-term result will be achieved. There can be no assurance that the events expected in the forward-looking configuration will occur or will occur, furthermore with respect to the commercialization of any of the technologies mentioned above, or if any of them happen, determine what benefits the Company will derive from it. Forward-looking statements and information are based on current information and/or management’s reasonable belief in long-term events and are subject to known and unknown risks, uncertainties, assumptions and other unpredictable factors. . outside the control of the company. These risks, uncertainties and assumptions include, but are not limited to, those described under the heading “Risk Factors” in the Company’s Annual Management’s Discussion and Analysis for the year ended May 31, 2023, located on SEDAR at www. sedar. com. ; They may also cause actual events or effects to differ materially from those projected in the forward-looking statements. The Company does not intend, nor undertakes any obligation, to update or revise any forward-looking settings or statements contained in this press release to reflect upcoming settings, occasions or events or otherwise as required by applicable law.