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Geomega (GOMRF) announced shareholder approval of all AGM resolutions on October 22, 2025, including director and auditor appointments and renewal of its Omnibus Incentive Plan.
The Board confirmed executive and committee appointments, unveiled a new corporate brand and website to mark its transition toward a commercial-stage cleantech company, and noted completion of its first technology licensing transaction (referenced October 8, 2025) as a milestone toward royalty and partnership growth.
The Board also granted equity incentives: 1,675,000 stock options at $0.335 (5-year term), 326,000 deferred share units, and 300,000 restricted stock units with specified vesting schedules.
Geomega (OTCQB: GOMRF) announced a Joint Development Agreement with Rio Tinto dated September 19, 2025 to advance Geomega's Bauxite Residue Valorization Technology. The JDA includes Rio Tinto purchasing a demonstration license for Circuit 1 and 2, engineering studies and supporting test work using Rio Tinto bauxite residue feeds.
Cash terms: $1,400,000 expected in 2025, $100,000 in early 2026 and up to $3,000,000 of additional payments if Rio Tinto proceeds to build a demonstration plant, for total consideration of up to $4,500,000. Geomega retains ownership of background and foreground IP.
Geomega Resources (OTCQB: GOMRF) has announced several corporate updates, including its upcoming Annual General and Special Meeting scheduled for October 22, 2025. The company is welcoming Geneviève Ayotte, CPA, as a new Board Director and Audit Committee Chair, replacing retiring director Gilles Gingras.
The company has raised $735,060 through the exercise of warrants and options, resulting in the issuance of 5,354,667 common shares. Management will present at several upcoming conferences, including ICSOBA 2025, IFCURM 2025, and TMS 2026, focusing on bauxite residues valorization technology and sustainable mining practices.