New Risk • Feb 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.7m free cash flow). Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (CA$1.8m revenue, or US$1.3m). Market cap is less than US$100m (CA$55.4m market cap, or US$40.8m). New Risk • Nov 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.3m free cash flow). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$45.8m market cap, or US$32.6m). Ankündigung • Aug 04
Geomega Resources Inc., Annual General Meeting, Oct 08, 2025 Geomega Resources Inc., Annual General Meeting, Oct 08, 2025. Location: quebec, montreal Canada Ankündigung • Jun 18
Geomega Resources Inc. Provides Update on Montviel Hydrometallurgical Process Developments Geomega Resources Inc. provided an update on the hydrometallurgical process developments for the Montviel rare earth deposit. Following the restart of the hydrometallurgical testwork on Montviel in 2022, Geomega was able to significantly upgrade the process flow sheet and apply various process improvements that should benefit project economics and reduce the environmental footprint of the deposit in comparison to the work published in 2015. As previously disclosed in 2022, the main technical objectives of the study were the following: To remove the flotation circuit which is a major operating cost and was accounting for 15% REE loss to the tailings. Eliminating the flotation circuit should result in the tailings facility being removed as well which was an important capital cost. To cut the number of steps and simplifying the flowsheet in comparison to the work published and then patented in 2020. To demonstrate valorization of other metals present in the ore. This allows the project to not be dependent only on rare earths which tend to have significant price fluctuations. Management believes that the possibility of having easily marketable offtake streams distributes this financial risk and the environmental footprint among the various products allowing the project to remain economic and sustainable even during low rare earth pricing periods. Some of the main improvements achieved during this testwork are: Elimination of fine grinding and flotation beneficiation; Valorization of about 40% of the overall ore into several offtake streams (not including carbonates); Circuit 1; Recovery of carbonates - a potential minor revenue stream that could reduce waste rock generated by the project or that would be used for paste backfill; Recovery of reagent in Circuit 2; Recovery of iron - a high purity iron product for DRI (Direct Reduced Iron) application, an important revenue stream and a significant waste volume reduction; Recovery of reagent in circuit 2; Iron recovery of about 75% to iron oxide stream. Circuit 3; Critical minerals concentrate including rare earth elements, scandium and niobium with recoveries of about 95% for REO and Sc and 85% for Nb; Iron Phosphate (FePO4) product recovery - an important revenue stream for the LFP (Lithium Iron Phosphate) batteries market; Mn/Mg salts recovery - an important revenue streamfor the agricultural and battery markets. Following the completion of the testwork, an internal techno-economic assessment was completed. The mining operation parameters were based on the work that was done between 2012 and 2015. Additional work by an external firm would need to be performed before a Preliminary Economic Assessment (PEA) could be completed and results published. The positive conclusions of this internal study will be used by the Corporation in evaluating the next steps in advancing the Montviel deposit. The testwork has been conducted by the technical team of Innord Inc, a private wholly owned subsidiary of Geomega. All the testwork and the technology developments have been supervised by Dr. Pouya Hajiani (Ph.D. Chemical Engineering), CTO of GeoMegA and he approves the technical information in this press release. Ankündigung • Jun 04
Geomega Resources Inc. Provides Update on Rare Earth Magnet Recycling Demonstration Plant Geomega Resources Inc. provided an update on the construction of the rare earth magnet recycling plant in Saint-Hubert, Quebec. Since the last update in October 2024, significant progress has been achieved in all of the main activities including procurement, equipment installation and electrical work. Procurement of the long lead items is now complete and the majority of equipment has now been delivered as well. Two main reactors are undergoing final modifications and inspections and are expected to be shipped in June while the kiln and the packaging station were shipped end of May. The conveyors design is being finalized with the vendors and an order is expected to be placed in June. The engineering team is working on plant instrumentation and valves which are all expected to be ordered over the coming months. An external contractor is working with Geomega's team on the control and automation system which will then be integrated into the plant. The start up and commissioning procedures are being prepared in parallel as well. Piping design, build and installation will be started towards the end of the summer when all the equipment is received. All the process equipment that has been received has already been assembled, placed in position and are being level and are being level and anchored in place. The electrical cables installation is ongoing while the electrical inlet to receive the increased power supply from Hydro Quebec has already been completed. The powering up of the new supply line is expected imminently and depends on the availability of the Hydro Quebec crews. All the utility units have been received with installation planned in the upcoming months. The chiller unit requires some repairs and modifications which are expected to take place during the same period as well. Environmental permitting request has been submitted and the file is currently being reviewed. Based on the current schedule of equipment arrival and the remaining steps, plant construction should be completed towards the end of 2025. Testwork is expected to begin on the various sections of the plant based on the approval from the environmental permitting authorities. 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. Ir respective 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 agents 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 the potential for the future. New Risk • Apr 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.8m market cap, or US$11.4m). Ankündigung • Apr 16
Geomega Resources Inc. and Rio Tinto Provide Update on Bauxite Residue Valorization Pilot Geomega Resources Inc. provided an update on the bauxite residue valorization activities, done in collaboration with Rio Tinto. Since the launch of the pilot project in March 2022, Geomega has continued to develop and further derisk its innovative bauxite residue valorisation technology. The technology is divided into three consecutive circuits which are being tested and scaled up individually. A refinery client might license Circuit 1, Circuits 1 and 2 or the complete package of Circuits 1, 2 and 3 depending on the grades of the various metals found in its bauxite residues and the corporate objectives. Circuits 1 (C1) focuses on alkalinity removal and production of several important offtake streams such as sodium, calcium, aluminium and silica products. This circuit is responsible for 10% to 30% of waste volume reduction. Circuits 2 (C2) deals with iron extraction and removal. One potential high value and critical product is DRI (Direct Reduced Iron) grade ore material, a high-purity iron feedstock that enables lower-carbon steelmaking. Circuits 1 and 2 are responsible for more than 70% of cumulative waste volume reduction. Circuit 3 (C3) deals with the remaining high value metals. Geomega is currently developing a cost-efficient circuit to extract and purify a rare earths (REE) concentrate, and a titanium concentrate while regenerating and recycling the reagent. Other potential products in Circuit 3 include scandium, gallium, alumina, and silica. Each circuit has its own reagent recycling, resulting in minimal effluents and no additional hazardous waste being produced by the process. One of the main advantages of the technology is that more than 95% of the main reagents for C1 and C2 are being recycled, having a major impact on the operating costs of the process. Over the last three years, many rounds of bench scale and then pilot scale testwork were completed to validate the key process parameters, and to produce samples throughout the process for product validation and optimization. Rio Tinto provided Geomega with a specific range of parameters for purities and particle sizes which have now been successfully confirmed and validated by Rio Tinto's team. Pilot testwork has been completed for C1 and C2 which allowed Geomega to produce a representative sample of the residue needed for piloting of C3. That work is planned for 2025. Geomega and Rio Tinto have now signed an extension to their collaboration agreement to continue the work on C3 as part of the project that was launched in March 2022. In parallel, Geomega and Rio T into are planning the next phase for C1 and C2 based on the positive results received to date. More details on the next steps will be provided once an agreement is finalized for this next phase. Ankündigung • Mar 25
Geomega Resources Inc. announced that it has received CAD 2.022761 million in funding Geomega Resources Inc. announced a non-brokered private placement to issue senior unsecured convertible debenture at principal amount of CAD 2,022,761 for gross proceeds of CAD 2,022,761 on March 25, 2025. The transaction includes participation from lead investor, Michael Gentile and several other new institutional investors, family offices, corporations and long term shareholders from Canada, USA and Australia. The Convertible Debentures have a three (3) year maturity date and bear an interest of 12% per annum, with interest payable annually in arrears. The debentures will converted into commons shares at conversion price of CAD 0.12. The Convertible Debentures will not be listed on any stock exchange, though the Corporation has received the conditional approval of the TSXV to list the common shares issuable upon conversion of the Convertible Debentures on the TSXV. The Convertible Debentures (and any common shares issuable upon conversion thereof) are subject to a four-month and one day statutory hold period under applicable Canadian securities laws, ending July 25, 2025. New Risk • Oct 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.9m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.2m market cap, or US$9.03m). Ankündigung • Sep 17
Geomega Resources Inc., Annual General Meeting, Nov 20, 2024 Geomega Resources Inc., Annual General Meeting, Nov 20, 2024. Location: quebec, montreal Canada New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (CA$618k revenue, or US$446k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (CA$14.3m market cap, or US$10.4m). Board Change • Jun 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Nick Nickoletopoulos was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jun 13
Geomega Resources Inc. Announces the Resignation of Karine Emond from the Board of Directors Geomega Resources Inc. announced the resignation of Karine Emond from the Board of Directors (the "Board") of the Corporation. Reported Earnings • Apr 26
Third quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.001 profit in 3Q 2023) Third quarter 2024 results: CA$0.001 loss per share (down from CA$0.001 profit in 3Q 2023). Revenue: CA$57.5k (down 69% from 3Q 2023). Net loss: CA$93.8k (down 164% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. New Risk • Jan 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.6m free cash flow). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (CA$746k revenue, or US$554k). Minor Risk Market cap is less than US$100m (CA$30.7m market cap, or US$22.8m). Reported Earnings • Oct 17
First quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.006 loss in 1Q 2023) First quarter 2024 results: CA$0.005 loss per share (improved from CA$0.006 loss in 1Q 2023). Revenue: CA$129.4k (up 57% from 1Q 2023). Net loss: CA$710.8k (loss narrowed 12% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Ankündigung • Aug 19
Geomega Resources Inc., Annual General Meeting, Oct 25, 2023 Geomega Resources Inc., Annual General Meeting, Oct 25, 2023. Reported Earnings • May 01
Third quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.004 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.001 (up from CA$0.004 loss in 3Q 2022). Net income: CA$147.1k (up CA$713.5k from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Jan 29
Second quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 2Q 2022) Second quarter 2023 results: CA$0.002 loss per share (further deteriorated from CA$0.001 loss in 2Q 2022). Net loss: CA$294.3k (loss widened 104% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 20
Geomega Resources Inc., Annual General Meeting, Oct 26, 2022 Geomega Resources Inc., Annual General Meeting, Oct 26, 2022. Ankündigung • Mar 29
Geomega Resources Inc. Provides REE Recycling Demo Plant Update Geomega Resources Inc. provided shareholders with a technical update on the rare earths recycling demo plant located in Saint-Bruno-de-Montarville, Quebec. With an expanded team of engineers since the end of 2021, Geomega has been able to advance on many aspects of the engineering work: Process design The process flow diagrams, process control diagrams, stream tables, utility list, process description, control philosophy and operation schedule for the project are now complete with minor changes expected to be integrated periodically as the project advances. The Piping & Instrumentation Diagrams 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. 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. Ankündigung • Feb 10
Geomega Resources Inc. to Advance Hydrometallurgy at its Montviel Rare Earths Project with Support from the Quebec Government Geomega Resources Inc. announced the continuation of hydrometallurgical test work on its Montviel rare earths deposit. The work will be done by Innord, the 100% owned subsidiary of Geomega, with a $400,000 funding contribution from the Ministère de l’Énergie et des Ressources Naturelles (“MERN”) of Quebec. To complement the working budget for this project, Geomega closed a non-brokered private placement (the “Offering”) of 1,408,055 units (the “Units”), at a price of $0.27 per Unit, for aggregate gross proceeds in the amount of $380,175 with Quebec based institutional investors and insiders of the Corporation. This will allow the Corporation to have a dedicated budget for this project, independent of the budget allocated for the construction of the rare earth magnets recycling plant in St-Bruno, which is progressing towards equipment ordering, and other R&D projects. The project will be conducted under the “Program to support the exploration of critical and strategic minerals in Quebec” offered by the MERN. The 12 to 24-months project has a budget of $865,324 out of which the government grant program will contribute $400,000 of non-dilutive funding to the Corporation. The objective of the project is to improve on the technology that was developed and patented in 2015 by incorporating the knowledge and experience gained from developing the rare earth recycling project and the bauxite residues project since then. The main technical objectives to be investigated in this project are: Eliminating the flotation circuit; Valorization of the iron by-product; Recycling of the main leaching reagents. The successful implementation of these objectives would simplify the process of extracting rare earths and niobium and could significantly reduce its operating costs. The economic benefits of this project include: Cost reduction of the chemical reagents; Energy savings by avoiding very fine grinding that is required for flotation, solid heat recovery and other adjustments; Improving total REE recovery through whole ore leaching; Reduction of mining waste and tailings management costs; Increase of potential revenues through various by-products. Furthermore, the social and environmental impacts of the project are similarly important and will help obtain the required permits in the future and support of the local communities and the Waswanipi CREE First Nation. The environmental benefits of this project include: Reduction of water consumption; Reduction of liquid effluents; Reduction of solid mining waste volumes; Reduction of overall energy consumption and greenhouse gas emissions for REE production compared to previous flowsheet; Further evaluation of the possibility of paste-backfill. The results of the project will be used to complete a Preliminary Economic Assessment (PEA) on the Montviel deposit. Is New 90 Day High Low • Feb 09
New 90-day high: CA$0.41 The company is up 116% from its price of CA$0.19 on 10 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Ankündigung • Feb 05
Geomega Resources Inc. Signs LOI with Everwin Magnetics Co., Ltd Geomega Resources Inc. and Everwin Magnetics Co. Ltd. announce that they have entered into a Letter of Intent (LOI) to recycle rare earth-containing production waste from Everwin’s future productionfacilities in Ontario, Canada. Everwin is developing the first NdFeB magnet productionfacility in Canada that will go from machining to surface treatment and is targeting to start with approximately 300 tonnes of annual production of rare earth magnets. Its focus is providing magnets and motors to the North American market while its parent company Forte Mobility specializes in Electric Vehicles and battery systems. Is New 90 Day High Low • Jan 08
New 90-day high: CA$0.40 The company is up 119% from its price of CA$0.18 on 09 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: CA$0.28 The company is up 58% from its price of CA$0.18 on 23 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: CA$0.25 The company is up 25% from its price of CA$0.20 on 08 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period. Ankündigung • Nov 11
GéoMégA Resources Inc. announced that it has received CAD 2.500546 million in funding GéoMégA Resources Inc. (TSXV:GMA) announced a non-brokered private placement of 14,709,093 units at a price of CAD 0.17 per unit, for aggregate gross proceeds in the amount of CAD 2,500,545.81.
on November 10, 2020. The transaction of units consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at a price of CAD 0.22 per Share until the date that is 24 months from their issue and thereafter at a price of CAD 0.25 until the date that is 36 months from their issue. The securities issued under the offering have a hold period of four months and one day expiring on March 10, 2021. The offering is subject to final acceptance of the TSX Venture Exchange. Ankündigung • Sep 17
Geomega Resources Inc. Announces Jean Demers Will Not Be Standing for Re-Election to the Board of Director Geomega Resources Inc. announced that Mr. Nicholas Nickoletopoulos will be presented as a new nominee to the board of directors of company. Director Jean Demers will not be standing for re-election at company's annual general meeting. Ankündigung • Aug 17
GéoMégA Resources Inc. Auditor Raises 'Going Concern' Doubt GéoMégA Resources Inc. filed its Annual on Aug 14, 2020 for the period ending May 31, 2020. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 