Geomega secures financing for rare earth magnet recycling demonstration plant
2020-02-11 08:42:37 [Print]
Quebec-based Geomega Resources Inc secured debt financing to build a rare earth magnet recycling demonstration plant in the Canadian province, the company said last Friday.
Geomega Resources said the provincial government's investment body, Investissement Quebec, would provide C$1.72 million in debt financing to build the C$3.2 million facility, which it says will use proprietary technology to recycle rare-earth elements used in cell phones and electric vehicles.
Geomega Resources said the provincial government's investment body, Investissement Quebec, would provide C$1.72 million in debt financing to build the C$3.2 million facility, which it says will use proprietary technology to recycle rare-earth elements used in cell phones and electric vehicles.
