Geomega Resources Inc. GMA.V

Company Overview

Geomega Resources Inc. is a Canadian technology and mineral development company focused on rare earth elements (REEs), rare earth recycling, and advanced separation technologies. The company operates primarily in the clean technology and critical minerals sectors, with activities centered on developing environmentally sustainable processes for recovering and refining rare earth materials used in permanent magnets, electric vehicles, wind turbines, consumer electronics, and defense applications. Geomega is listed on the TSX Venture Exchange under the symbol GMA.V and has positioned itself as a North American participant in the growing strategic supply chain for critical minerals.

The company’s principal business activities include the development of rare earth separation technologies through Innord Inc., its wholly owned subsidiary, and the advancement of mineral exploration assets including the Montviel rare earth and niobium project in Québec. Geomega’s strategy emphasizes low environmental impact processing and recycling solutions intended to reduce dependence on overseas rare earth supply chains. The company evolved from a mineral exploration-focused business into a technology-oriented critical materials company as demand for domestic rare earth processing and recycling capabilities increased across North America and Europe.

Business Operations

Geomega generates value through two primary areas: critical mineral development and rare earth recycling and processing technologies. Through Innord Inc., the company develops proprietary hydrometallurgical and separation technologies designed to recover and purify rare earth oxides from recycled materials such as permanent magnets and industrial waste streams. Its recycling initiatives include demonstration and pilot-scale operations aimed at supplying magnet-grade rare earth materials to manufacturers seeking localized supply chains.

The company’s mineral assets include the Montviel Project in Québec, which contains rare earth elements and niobium resources. Geomega’s operations are primarily based in Canada, though its strategic focus addresses broader North American and international critical mineral markets. The company has collaborated with governmental agencies, research institutions, and industrial participants to support technology commercialization and critical mineral supply chain development. Public disclosures indicate involvement in projects supported by provincial and federal funding initiatives tied to clean technology and strategic materials.

Strategic Position & Investments

Geomega’s strategic direction centers on establishing an integrated circular economy platform for rare earth materials in North America. The company has invested in developing environmentally conscious recycling and separation technologies intended to compete with conventional solvent extraction methods that can involve higher environmental impacts. Its growth initiatives have focused on scaling rare earth recycling capacity, advancing commercialization efforts for its proprietary technologies, and securing strategic government and industry support tied to critical mineral independence initiatives.

The company’s notable operating subsidiary, Innord Inc., represents the core of its technology commercialization strategy. Geomega has also continued to advance the Montviel Project, which may provide a long-term domestic source of rare earth and niobium materials if developed commercially. Publicly available filings and corporate disclosures indicate continued emphasis on emerging sectors linked to electrification, renewable energy infrastructure, and advanced manufacturing. Data regarding large-scale commercial production timelines remains inconclusive based on available public sources.

Geographic Footprint

Geomega Resources is headquartered in Québec, Canada, and its operational activities are concentrated primarily within the Canadian critical minerals ecosystem. The company’s recycling technology development and pilot operations are based in Québec, positioning it within a province that has actively supported battery materials, clean technology, and strategic mineral development initiatives. Canada represents the company’s principal operational and regulatory jurisdiction.

Although Geomega’s direct operations are primarily domestic, its commercial focus is international due to the global nature of the rare earth supply chain. The company’s technologies and strategic positioning target customers and industries across North America, with relevance to manufacturers and supply chains in Europe and other industrial regions seeking diversification away from concentrated rare earth processing markets. Its activities align with broader Western government efforts to localize critical mineral refining and recycling capabilities.

Leadership & Governance

Geomega was founded and has been led for many years by Kiril Mugerman, who has played a central role in shaping the company’s transition from mineral exploration toward rare earth processing and recycling technologies. Corporate strategy has emphasized sustainable processing methods, vertical integration opportunities, and positioning Canada as a participant in strategic rare earth supply chains. Leadership communications and public filings consistently frame the company’s mission around environmentally responsible innovation and supply chain security for critical materials.

Key members of leadership and governance have included:

• Kiril Mugerman – President and Chief Executive Officer
• Yves Duquette – Chief Financial Officer
• Quentin Yarieff – Vice President, Engineering and Operations
• Jean-Sébastien Lavallée – Director
• André Gauthier – Director

Executive composition and board membership may change over time based on corporate filings and annual meeting disclosures. Information above reflects publicly available company disclosures and regulatory filings available at the time of review.