Geomega Resources Inc. Provides Corporate Update

Rhea-AI Summary

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.

Positive

• Raised $735,060 through exercise of financial instruments
• Addition of experienced mining sector executive Geneviève Ayotte to Board
• Strong shareholder support demonstrated through warrant and option exercises

Negative

• None.

Montreal, Quebec--(Newsfile Corp. - September 11, 2025) - Geomega Resources Inc. (TSXV: GMA) (OTCQB: GOMRF) ("Geomega" or the "Corporation") is pleased to provide a corporate update with the following highlights:

• Annual General and Special Meeting date set for October 22, 2025
• Upcoming change in Directors
• Upcoming conferences
• Securities exercised
• Clarification on Montviel Qualified Person (QP)

Annual General and Special Meeting (AGM) 2025

Geomega Resources Inc. is pleased to announce that its AGM will take place on October 22, 2025, at 10:00 a.m. (Eastern Time) at the offices of Dentons Canada LLP, 1 Place Ville-Marie, 39th Floor, Montreal (Quebec), H3B 4M7. We look forward to meeting with our shareholders, sharing the Corporation's progress and future outlook, and engaging in meaningful discussions. Shareholders are invited to attend in person or via video conference.

Shareholders who wish to attend the meeting virtually can register via the following TEAMS meeting link.

We hope to see many of you join us on this occasion.

Change in Directors at Upcoming AGM

Geomega Resources Inc. is pleased to announce the nomination of Geneviève Ayotte, CPA, to its Board of Directors. Ms. Ayotte, currently Chief Financial Officer of Arianne Phosphate Inc., will also assume the role of Chair of the Audit Committee. She brings extensive expertise in finance, accounting, governance and auditing, including more than 14 years with PricewaterhouseCoopers LLP, where she served as a Director in Audit in the firm's Montréal office and specialized in public and private companies in the mining sector. She also served as President of the Women in Mining Montréal chapter for over five years, through 2024.

On this occasion, the Corporation also announces that Mr. Gilles Gingras, Director and Chair of the Audit Committee, will be retiring from the Board following 12 years of dedicated service. "On behalf of the Corporation, I wish to extend our sincere gratitude to Gilles for his leadership, commitment, and invaluable contributions to Geomega's development and success," said Kiril Mugerman, President and CEO. "At the same time, we are very pleased to welcome Geneviève as we continue to advance Geomega's growth strategy towards becoming a leading technology royalties company," added Mugerman.

Upcoming Conferences

Geomega is excited to announce that its management team will be attending and presenting at the upcoming conferences:

• ICSOBA 2025 – The 43rd Conference and Exhibition of the International Committee for the Study of Bauxite, Alumina, and Aluminium will be held from October 26th to 31^st, 2025, in Nanning, Guangxi Province, China, where Geomega's Chief Technology Officer, Dr. Pouya Hajiani will be presenting on Waste to Value - Sustainable Valorization of Bauxite Residues.
• IFCURM 2025 – The International Forum on Comprehensive Utilization of Bauxite Residue will be hosted from October 31^st to November 3^rd, 2025, in Nanning, Guangxi Province, China. At that event, Geomega and its partner Rio Tinto will be presenting on the work achieved as part of its critical and strategic minerals extraction from bauxite residues project.
• TMS 2026 – The 155th annual meeting and exhibition for minerals, metals, and materials will be hosted from March 15 to 19, 2026, in San Diego, California, USA. At the event, Geomega's Chief Technology Officer, Dr. Pouya Hajiani will be presenting on its sustainable bauxite residues valorization technology.

Exercise of Various Financial Instruments

Since the beginning of the current fiscal year (June 1, 2025), the Corporation has raised over $735,060 through the exercise of various financial instruments (warrants and options) resulting in the issuance of a combined total of 5,354,667 common shares. Geomega continues to receive strong support from its largest shareholders as it advances its construction of the rare earths recycling demonstration plant and its R&D program for bauxite residues valorization towards a licensing business model.

Clarification on Montviel Hydrometallurgical Work Press Release

Geomega provided an update on Montviel hydrometallurgical process developments on June 17, 2025. Dr. Pouya Hajiani serves as the Corporation's Chief Technology Officer; however, he is not a Qualified Person (QP) as defined under Section 2.1 of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. For further clarification, the Qualified Person responsible for reviewing and approving the scientific and technical information disclosed in the June 17, 2025 press release is Russell Boehme, P.Eng., who has reviewed and approved the information presented.

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. Geomega works with various feed streams to apply its technologies to waste valorization. This includes NdFeB magnet recycling, bauxite residue and sulphide tailings processing. 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 their respective industries.

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 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 13% 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
514-223-1449 ext. 3
kmugerman@geomega.ca

Nancy Thompson
Vorticom Public Relations
212-532-2208
nancyt@vorticom.com
Twitter: @Geomega_REE

Cautions Regarding Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of the Corporation, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" "target" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including as regards the commercialization of any of the technology referred to above, or if any of them do so, what benefits the Corporation will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of 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, 2025, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements. The Corporation does not intend, nor does the Corporation undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265959

FAQ

When is Geomega Resources (GOMRF) holding its 2025 Annual General Meeting?

Geomega Resources will hold its AGM on October 22, 2025, at 10:00 a.m. Eastern Time at Dentons Canada LLP offices in Montreal, with both in-person and virtual attendance options.

Who is joining Geomega Resources' Board of Directors in 2025?

Geneviève Ayotte, CPA, currently CFO of Arianne Phosphate Inc., will join the board and serve as Audit Committee Chair. She brings over 14 years of experience from PricewaterhouseCoopers LLP and expertise in mining sector finance.

How much capital has GOMRF raised through warrant and option exercises in 2025?

Since June 1, 2025, Geomega has raised $735,060 through the exercise of warrants and options, resulting in the issuance of 5,354,667 common shares.

What upcoming conferences will Geomega Resources present at in 2025-2026?

Geomega will present at ICSOBA 2025 (October 26-31), IFCURM 2025 (October 31-November 3) in China, and TMS 2026 (March 15-19) in San Diego, focusing on bauxite residues valorization technology.