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Geomega Resources Inc. develops extraction and separation technologies for rare earth elements and other critical metals, with news centered on technology scale-up and waste valorization. Company updates cover the Saint-Hubert, Québec rare earth magnet recycling demonstration plant for end-of-life NdFeB magnets, integrated laboratory and piloting capacity, and process work for bauxite residue and sulphide tailings.
Recurring developments also include agreements and piloting activity tied to bauxite residue valorization, warrant and option exercises, incentive-plan awards, annual meeting results, board and committee matters, and technical disclosure for the Montviel rare earth carbonatite deposit.
Geomega Resources (GOMRF) has secured a non-dilutive, $1.35 million secured loan to support expansion of its Saint-Hubert operations and R&D activities.
The loan from an arm's length private lender is secured by certain movable assets of Geomega and subsidiary Innord, including refundable R&D tax credits. It carries a two-year term with interest of 10.5% per annum, payable monthly, and matures on September 14, 2028. A 2% administrative fee of $27,000 was deducted at closing, resulting in net proceeds of $1.323 million. Principal will be repaid as related tax credits are received, with the remaining balance due at maturity, and the loan is repayable without penalty after six months. The loan is not a security and is not convertible into Geomega shares.
Geomega Resources (GOMRF) announced progress across its rare earth magnet recycling, bauxite residue and sulphide-tailings valorization platforms. Construction of its NdFeB magnet recycling demonstration plant is in final installation and integration, with commissioning of process equipment expected to begin in November, subject to completion of piping and pre-commissioning.
The company is advancing discussions on feed supply, rare earth oxide offtake, toll processing and potential technology licensing, including with multinational firms. Circuit 3 of its bauxite residue flowsheet is now validated at bench and pilot scale, producing titanium dioxide of +98% purity and rare earth concentrate of +90% purity from multiple refinery samples. Geomega has also restarted and expanded its sulphide-tailings program, reporting testwork that recovers precious and base metals, iron suitable for DRI feed and sulphur streams for sulphuric acid or elemental sulphur production.
Geomega Resources (OTCQX:GOMRF) obtained an environmental permit from Quebec’s MELCCFP to operate its rare earth magnet recycling demonstration plant in Saint-Hubert through December 31, 2028. Construction is advancing, with major equipment installed and completion targeted by late summer, ahead of progressive commissioning.
The bauxite residue valorization pre-feasibility work with Rio Tinto is well advanced, with a remaining $100,000 payment expected from a planned $1.5 million. Geomega also secured permits and is building an integrated R&D and piloting facility in Saint-Hubert.
Geomega Resources (OTC: GOMRF) provided a construction update for its rare earth magnet recycling demonstration plant in Saint-Hubert, Québec, and filed to extend 704,028 warrants expiring Feb 8, 2026 to Feb 8, 2027 with a $0.40 exercise price and an acceleration clause.
Long-lead process equipment and conveyors have been delivered and mostly installed; piping contract awarded and control system installation is underway. Environmental permitting remains in process. The plant targets recovery of main rare earth oxides from end-of-life NdFeB magnets. The Omnibus Incentive Plan was clarified to a single rolling 10% share reserve for equity awards.
Geomega (OTC: GOMRF) secured a $750,000 interest-free repayable contribution from Canada Economic Development for Quebec Regions to build an integrated R&D and piloting facility at its Saint-Hubert site.
The Project adds ~2,000 sq. ft. of hydrometallurgical laboratories and a double-level piloting area exceeding 3,500 sq. ft. (over 10x current piloting capacity), consolidating labs, piloting, engineering and offices to accelerate rare earth magnet recycling and bauxite residue valorization scale-up.
Repayment: 60 monthly installments starting 36 months after Project completion, which is expected no later than September 30, 2026.
Geomega (OTC: GOMRF) raised $2,728,773 since Sept 1, 2025 through exercises of warrants, options and some debenture conversions, issuing 11,991,819 common shares and leaving 160,748,007 issued and outstanding (fully diluted 188,763,385).
At ICSOBA and IFCURM 2025 (Oct 26–Nov 3), Geomega presented bench-scale results on six bauxite residue samples, pilot outcomes for Circuits 1–2, and TEA/LCA work. Pilot highlights: production of 20 kg high-purity iron oxide (99.3% Fe2O3) and an estimated 460 kg Fe2O3 per tonne BR (dry basis); >90% residue-volume reduction; multiple marketable off-takes (caustic soda, DRI-grade iron, smelter-grade alumina). A demonstration plant development under a joint licence agreement is the next phase.
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.