Geomega Begins Hand Sanitizer Production at Pilot Plant in Québec
May 06 2020 - 8:00AM
Geomega Resources Inc. (“
Geomega” or the
“
Corporation”) (TSX:V.GMA) (OTC: GOMRF), a rare
earths clean technologies developer for mining and recycling, today
announces that the Company has completed the retrofit of its pilot
plant and has begun the production of hand sanitizer for the Québec
market.
As indicated in the April 20, 2020 press
release, the Corporation obtained the natural product number
(“NPN”) and all the approvals from Health Canada in order to
manufacture and distribute hand sanitizer using the WHO-recommended
formulation. The modifications have now been completed and
production has begun. The production is from the Corporation’s
Pilot Plant and allows Geomega to produce up to 675 liters per
week. Although, since there is a significant lack of supplies in
the market, production capabilities will depend on availability of
raw materials from local distributers. The Corporation will be
securing additional supply of raw material and focus on
distributing its hand sanitizer product to local retirement homes,
hospitals, pharmacies and distributers in the province of Québec.
The Corporation will be donating 20% of its hand-sanitizer
production to local long-term care homes and other charities who
are helping the most vulnerable in our society during this
pandemic. The Corporation would like to thank local suppliers who
were able to assist and support us during this quick
transition.
The Corporation would also like to clarify that
the production of hand sanitizer is a temporary measure to help
with local supplies and is not a change of business. All the
regular activities of the Corporation, most importantly the
engineering work for the rare earths recycling plant, are
continuing in parallel as planned.
About Geomega
(www.geomega.ca)Based in Boucherville and
St-Bruno, Canada, Geomega Resources has developed a proprietary,
environmentally friendly “ISR Technology” that recycles rare earth
elements with focus on the permanent magnet industry and produces
four high demand, high price, rare earth elements (HHREE –
specifically Nd, Pr, Tb, Dy).
The Corporation is advancing towards initial
production from its demonstration plant to supply HHREE’s to North
America and other parts of the world.
Geomega also owns the Montviel rare earth
carbonatite deposit and holds over 16.8M shares, representing
approximately 19% of the issued and outstanding shares of Kintavar
Exploration Inc. (KTR.V), a mineral exploration company that is
advancing the Mitchi stratiform copper project in Quebec.
For further information, please
contact:
Kiril MugermanPresident and
CEOGeomega450-641-5119 ext.5653kmugerman@geomega.ca
Nancy ThompsonVorticom Public
Relations212.532.2208nancyt@vorticom.com
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This news release contains statements that may
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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, 2019, which is available on SEDAR at www.sedar.com; 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.
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