Geomega Powers Ahead in Rare Earth Magnet Recycling with Quebec Plant Milestone

Key Highlights:

• Geomega completes major equipment deliveries for its Saint-Hubert demonstration plant
• Rare earth magnet recycling operations targeted to commence by end-2025
• Environmental permitting underway; REIA conference site visit scheduled
• Stock climbs 3.57% to C$0.145 as investor confidence builds

Geomega Resources Inc. (TSX.V: GMA) is steadily turning its rare earth recycling vision into reality as it nears the final stages of constructing its demonstration plant in Saint-Hubert, Quebec—a milestone that places the company squarely at the heart of North America’s push for critical mineral independence.

In its latest corporate update, Geomega confirmed significant progress across key operational areas, including procurement, equipment installation, and electrical integration. Notably, both primary reactors are now undergoing final adjustments and will be shipped imminently, while the kiln and packaging station were dispatched in May. Conveyor orders and remaining instrumentation components are also being finalized, keeping the build on pace for late-2025 completion.

Source: GMA Official News | Figure 1: View of the rare earth recycling demonstration plant assembly

“The engineering and operations teams are gearing up for the startup and commissioning phases and ultimately first production of recycled rare earth oxides,” said President & CEO Kiril Mugerman, underlining the culmination of years of R&D and execution.

Power connectivity from Hydro Quebec is already in place, while internal installations such as utility units and the control system are in progress. Environmental permitting remains in review—a crucial hurdle that will determine when testwork across different sections can begin.

The rare earths industry has long been dominated by Chinese supply chains, but Geomega is offering a domestic alternative with a focus on NdFeB magnet recycling. These magnets are essential to EVs, wind turbines, and high-performance electronics, and recovering them sustainably has become an economic and geopolitical priority.

Adding further momentum, Geomega will host a site visit during the 2025 Rare Earth Industry Association (REIA) Annual Conference from June 17 to 19 in Montreal—a timely platform to showcase its technological edge and sustainability-driven approach.

On the market, shares of Geomega rose 3.57% to C$0.145 on Wednesday morning. While the stock remains volatile with a 52-week range of C$0.065 to C$0.195, growing investor confidence suggests that the company’s long bet on rare earth recycling could be approaching a turning point.

With proprietary technology, institutional partnerships, and a near-complete plant, Geomega appears well-positioned to capitalize on the growing global demand for ethical, domestic, and circular critical mineral supply.