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Innord Signs LOI for Magnet Waste with US Based Magnet Manufacturer, Outlines Commercial Production Plans and Names In-House CFO

MONTREAL, Oct. 25, 2018 (GLOBE NEWSWIRE) — Geomega Resources Inc. (“GéoMégA” or the “Corporation”) (TSX.V: GMA) is pleased to announce that Innord Inc. (“Innord”), a private subsidiary controlled by GéoMégA, has entered into a non-binding Letter of Intent (“LOI)” with a United States NdFeB Magnet Manufacturer based in Texas to acquire up to 1,000 kg per month of feed material for extracting and refining rare earth oxides using its proprietary ISR technology. The feed material will be processed to produce saleable +99% neodymium and dysprosium oxides that were already validated by external laboratory and potential end users (see press releases dated […]

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Innord Signs LOI for Magnet Waste with US Based Magnet Manufacturer, Outlines Commercial Production Plans and Names In-House CFO

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