Geomega Obtains $2.04M In Funding From Ngen For Rare Earths Recycling Demonstration Plant
Amount Raised
$2.04 Million
Round Type
Seed
QuebecMiningDescription
Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX.V: GMA) (OTC: GOMRF), a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials, is pleased to announce that it has obtained $2.04 million funding from Next Generation Manufacturing Canada (NGen) for the construction of Geomega’s rare earths recycling demonstration plant in St-Hubert, Quebec. The funding is part of a total envelope of $2.96 million awarded to Geomega and a private Quebec based R&D company to perform the project titled “Recycling and Production of Rare-Earth Oxides from Permanent Magnet Scrap”.
Quick answer
Geomega raised $2.04 Million in a Seed round, dated November 27, 2023. Geomega is based in Quebec, Canada.
- How much did Geomega raise?
- Geomega raised $2.04 Million in a Seed round on November 27, 2023.
- What does Geomega do?
- As its technologies are demonstrated on larger scales, Geomega is committed to work with major partners to help extract value from mining feeds, tailings and other industrial residues which contain rare earths and other..
- Where is Geomega based and how big is it?
- Geomega is based in Quebec, Canada.
- Who are the decision-makers at Geomega?
- Fundz holds 1 contact at Geomega. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Mining around the same time
Companies in the same sectors as Geomega that raised within 45 days of this round, from Fundz verified event records.
- Solaris Resources raised $130M (Corporate Round) on January 11, 2024.
- Vortex Energy raised $1.5M (Seed) on January 11, 2024.
- Barksdale Resources raised $694K (Seed) on January 9, 2024.
- Power Nickel raised $2.2M (Seed) on January 9, 2024.
- NevGold raised $1.2M (Seed) on January 5, 2024.
- Canada Nickel Company raised an undisclosed amount on December 29, 2023.
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Related People
Geomega raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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