The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Foreseeing a green technologies hub emerging in the southeastern regions of Canada, Geomega Resources Inc. is centralizing all its operations into a single larger location within the town of Saint-Hubert, Quebec. This Quebec locale harkens back to Geomega's roots, as the critical metals recycling and extraction company originally began developing its innovative technologies while seeking a means to recover rare earths from its Montveil deposit in Quebec. The company, however,...
Following the successful completion of four rounds of testing its rare earths recycling pilot plant, Geomega Resources Inc. is ready to begin scaling up the technology. "Having a fully operational pilot plant has provided Geomega with the necessary validation to proceed to the next stages of engineering, finalize discussions with vendors and launch procurement," said Geomega Resources President and CEO Kiril Mugerman. Though Geomega owns a mining project in Quebec that hosts...
Rare earths and battery metals market expert Adamas Intelligence forecasts that demand for the magnet rare earths – neodymium, praseodymium, and dysprosium – will falter slightly this year due to COVID-19 before rising sharply over the balance of the decade. Electric vehicles, wind power generators, consumer appliances, cordless power tools, speakers and dozens of other modern devices benefit from the unmatched power and durability of rare earth magnets. A lessened demand for...
It is estimated that upwards of US$13.8 billion of rare earth magnets are imported into the United States each year, which is creating a stockpile of some of the most widely used rare earth elements. These powerful REE magnets are used in a wide variety of applications – high-performance motors in electric vehicles, wind turbines and generators, medical magnetic resonance imaging (MRI), and high-fidelity speakers to name a few. Canada-based Geomega Resources Inc. has d...
Reminiscent of America's gilded age, the world is priming itself for a new era of technology and energy centered on the electricity that sparked the imaginations of visionaries such as Nikola Tesla and Thomas Edison. This new era, however, sets aside more than a century of burning fossil fuels in favor of new clean sources of the electricity that will power human innovation into the 21st century and beyond. Solar, wind, hydro, and geothermal are but a few of the methods...
