Geomega Resources
Geomega Resources is a Quebec-based cleantech company developing a proprietary near-zero waste hydrometallurgical process for NdFeB magnet recycling and rare earth extraction, licensing the technology to magnet manufacturers and mining partners including Rio Tinto.
- Company typePublic
- Founded2008
- HeadquartersSaint-lambert, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Geomega Resources does
Geomega Resources Inc. is a Quebec-based Canadian cleantech company developing proprietary hydrometallurgical processes for rare earth extraction and NdFeB magnet recycling, operating through its wholly-owned subsidiary Innord Inc. The company's core technology is a near-zero waste hydrometallurgical process that separates neodymium and praseodymium oxides from end-of-life NdFeB magnets and magnet scrap. A 1.5 tonnes-per-day demonstration plant is being constructed in Saint-Hubert, Quebec, authorized under an environmental demonstration permit from Quebec's MELCCFP through December 31, 2028, with substantial construction completion targeted for the end of summer 2026 and staged commissioning to follow. The company's product portfolio also includes the Montviel hydrometallurgical process for primary rare earth extraction from the Montviel carbonatite deposit in Quebec, and a bauxite residue valorization technology being developed in collaboration with Rio Tinto.
Geomega's commercial model is licensing-oriented rather than product-sales oriented, with the stated intent to license its proprietary hydrometallurgical process to global magnet manufacturers using the demonstration plant's performance and environmental data package as the foundational commercial asset. The intended customer base is enterprise rare earth magnet manufacturers seeking sustainable, Western supply-chain alternatives and critical minerals mining companies needing proven extraction processes. To date, no licensing agreements have been disclosed. Capitalization is heavily reliant on Canadian federal and Quebec provincial grants (CAD 3M from the Critical Minerals RDD Program in 2023, CAD 2.04M from NGen Canada in 2023, CAD 750K repayable contribution from CED-QR in 2025, ongoing MERN support since 2022), supplemented by insider-led warrant and option exercises that raised approximately CAD 2.7M in November 2025.
The company is publicly listed (CVE:GMA), employs 1-10 people, and underwent a corporate rebranding in October 2025 to signal its transition from a research-stage explorer to a commercial-stage cleantech enterprise. Revenue is not disclosed, and the company should be treated as pre-commercial until licensing agreements or commercial plant revenue are announced.
Geomega Resources firmographics
Firmographics- Name
- Geomega Resources
- Legal name
- Geomega Resources Inc.
- Website
- https://ressourcesgeomega.ca
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Geomega Resources is a Quebec-based cleantech company developing a proprietary near-zero waste hydrometallurgical process for NdFeB magnet recycling and rare earth extraction, licensing the technology to magnet manufacturers and mining partners including Rio Tinto.
- Ownership category
- akta.pro rank
Geomega Resources industry classification
Industry- Product category
- Rare Earth Recycling and Processing
- NAICS
- Support Activities for Mining (2131), Geophysical Surveying and Mapping Services (541360)
- SIC
- Metal Mining (1000), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)
Keywords
Where Geomega Resources is headquartered
LocationHeadquarters
- HQ city
- Saint-lambert
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Geomega Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Infrastructure, Operations, Personnel, Marketing or Sales
Revenue model
- Technology Licensing: Geomega's licensing-focused commercial model aims to license its proprietary near-zero waste hydrometallurgical process to magnet manufacturers, generating recurring licensing royalties from technology deployment.
- Government Grants and Contributions: The company receives government funding for research, development, and demonstration projects including $3 million from Canada's Critical Minerals Research, Development and Demonstration Program and $750,000 from Canada Economic Development for Quebec Regions.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Geomega Resources product offering
Product offeringCore offering
Geomega Resources is a Canadian cleantech company that develops and licenses proprietary near-zero waste hydrometallurgical processes for rare earth element extraction and NdFeB magnet recycling. The company operates a demonstration plant in Saint-Hubert, Quebec designed to process 1.5 tonnes per day of magnet scrap into separated neodymium and praseodymium oxide streams, and is also developing the Montviel neodymium deposit and bauxite residue valorization technology for licensing to magnet manufacturers and critical minerals companies.
Product overview
Geomega Resources is a cleantech company that has transitioned from research to commercial-stage operations. Its core offerings center on rare earth magnet recycling technology and hydrometallurgical processes. The company operates a demonstration plant in Saint-Hubert, Quebec that processes end-of-life NdFeB magnets into separated neodymium and praseodymium oxide streams using its proprietary near-zero waste hydrometallurgical process. Geomega also develops the Montviel hydrometallurgical process for broader rare earth extraction and bauxite residue valorization technology in partnership with Rio Tinto. The company operates a licensing-focused commercial model, aiming to license its proprietary processes to magnet manufacturers and other industrial partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Rare Earth Magnet Recycling Demonstration Plant
- Montviel Hydrometallurgical Process
- Near-Zero Waste Hydrometallurgical Process (Licensing Offering)
- Bauxite Residue Valorization Technology
Companies that use Geomega Resources
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Geomega Resources technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Geomega Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Rio TintocoreGeomega is working with Rio Tinto on a project involving bauxite residue valorization. The company presented updates on its technology for this initiative at conferences, indicating an active collaboration for developing processes to extract value from bauxite residue, an industrial byproduct.
- Innord InccoreWholly-owned subsidiary of Geomega Resources that conducts technical testwork for the Montviel hydrometallurgical process development, providing internal technical expertise for technology development.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Geomega Resources competitors and assessment
Company assessmentBroad incumbents
- Neo Performance Materials: Established global rare earth and rare metals processor with manufacturing operations across multiple geographies. Comparable as a broad incumbent in rare earth processing and magnet materials.
- Lynas Rare Earths: Largest non-Chinese rare earth miner and processor, operating the Mt Weld mine and Kalgoorlie processing facility. Comparable as a Western incumbent establishing alternative rare earth supply chains.
- MP Materials: US-based rare earth mining and processing company operating the Mountain Pass mine. Comparable as a Western incumbent in rare earth production and downstream processing.
- Energy Fuels: US-based critical minerals producer that has expanded into rare earth processing at its White Mesa Mill. Comparable as a Western incumbent building integrated rare earth processing capabilities.
- Solvay (Rare Earths division): Global chemical company with a long-established rare earth separation business (formerly Rhodia). Comparable as an established Western rare earth separation and processing incumbent.
Direct peers
- HyProMag: UK-based rare earth magnet recycling company using a hydrogen-based process to recover NdFeB magnets. Directly comparable technology approach (recycling NdFeB scrap into separated rare earth oxides).
- Mkango Resources: Canadian rare earths developer focused on the Songwe Hill project and downstream processing. Comparable as a small-cap Western rare earth technology and resource developer.
- Cyclic Materials: Canadian rare earth magnet recycling startup using hydrometallurgical processes to recover REE from end-of-life magnets. Directly comparable to Geomega's recycling plant and licensing ambitions.
- Ucore Rare Metals: Canadian rare earth development company with proprietary separation technology (RapidSX). Comparable as a Western-focused rare earth processing technology developer pursuing licensing/commercial models.
Emerging players
- REEtec: Norway-based rare earth separation technology company with a proprietary low-cost separation process. Comparable as an emerging Western rare earth separation technology player targeting licensing and commercial scale-up.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Geomega Resources social profiles
Digital presenceGeomega Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Geomega Resources leadership team
Management profileNumber of profiles
Profiles4 records
Geomega Resources subsidiaries and ownership
Company hierarchySubsidiaries1 record
Geomega Resources funding detail
Funding detailFunding overview
Funding rounds19 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Geomega Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Geomega Resources
What does Geomega Resources do?
Geomega Resources is a Canadian cleantech company that develops and licenses proprietary near-zero waste hydrometallurgical processes for rare earth element extraction and NdFeB magnet recycling. The company operates a demonstration plant in Saint-Hubert, Quebec designed to process 1.5 tonnes per day of magnet scrap into separated neodymium and praseodymium oxide streams, and is also developing the Montviel neodymium deposit and bauxite residue valorization technology for licensing to magnet manufacturers and critical minerals companies.
Is Geomega Resources a public or private company?
Geomega Resources is a public company. It is classified as public and is currently operating.
When was Geomega Resources founded?
Geomega Resources was founded in 2008. It employs 1 to 10 people.
Where is Geomega Resources based?
Geomega Resources is headquartered in Saint-lambert, Canada, in the North America region.
How does Geomega Resources make money?
Two revenue lines are on record. Technology Licensing is the primary driver. The others are government Grants and Contributions.
Who are Geomega Resources's main competitors?
Broad incumbents on record are Neo Performance Materials, Lynas Rare Earths, MP Materials, Energy Fuels and Solvay (Rare Earths division). Direct peers are HyProMag, Mkango Resources, Cyclic Materials and Ucore Rare Metals. REEtec is listed as an emerging player.
Does Geomega Resources have an API?
No public API is recorded for Geomega Resources.
What industry is Geomega Resources in?
Geomega Resources's product category is Rare Earth Recycling and Processing. Its primary akta.pro industry code is IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling). Its NAICS code is 2131 and its SIC code is 1000.