What Geomega Resources does

Geomega Resources Inc. is a Quebec-based cleantech company that develops and licenses proprietary closed-loop hydrometallurgical processes for recovering rare earth elements and other critical metals from industrial residues. The company's core technology is the ISR (Innord's Separation of Rare Earths) platform, developed and piloted through its wholly-owned subsidiary Innord Inc. at National Research Council Canada (NRC) facilities in Boucherville, Quebec. The ISR platform integrates five process circuits: Iron Recovery and Valorization, Reagent Recycling, Critical Metal Extraction and Refining, Process Heat Recovery, and Hydrogen Co-Production. GEOMEGA holds 8 patent families and approximately 20 core technologies protecting these circuits, with claimed performance metrics including >90% REE recovery, >99% TREO purity, 95% iron recovery at >98% Fe2O3 purity, up to 95% reagent recycling, and approximately 54% GHG reduction versus traditional REE supply chains.

The company applies the ISR platform across four commercial application areas: Bauxite Residue Valorization (processing red mud from alumina refineries into DR-grade iron oxide, REEs, scandium, gallium, titanium, caustic soda, and alumina); NdFeB Magnet Recycling (full-elemental disassembly of end-of-life magnets into 99%+ pure rare earth oxides without cryogrinding or hydrogen decrepitation); Sulphide Tailings Valorization (recovery of Au, Ni, Cu, Co, and other base metals from mining tailings while eliminating acid mine drainage); and the wholly-owned Montviel REE-niobium deposit in Quebec. The Montviel resource is reported at 82.4 Mt indicated and 184.2 Mt inferred NI 43-101 compliant and represents the largest bastnaesite resource in North America.

GEOMEGA generates revenue and cash inflow through four channels: technology licensing on a royalty basis; Build-Own-Operate (BOO) arrangements where it owns and operates on-site plants and sells recovered metal offtake; Joint Development Agreements (JDAs) that yield upfront development funding; and offtake product sales once operations reach commercial scale. Pricing is not publicly disclosed and is negotiated on a multi-year enterprise basis. The flagship commercial engagement is a 2024 Joint Development Agreement and Demonstration License with Rio Tinto for an integrated Bauxite Residue Valorization project at Rio Tinto's Saguenay, Quebec alumina refinery. The company is currently constructing a 1.5 tonnes-per-day rare earth magnet recycling demonstration plant in Saint-Hubert, Quebec, financed primarily by a CAD $8M grant from Canadian federal and provincial governments. Geomega Resources is publicly listed on the TSX Venture Exchange under ticker GMA with 165,299,296 shares outstanding and 192,326,424 fully diluted as of February 28, 2026.

Name

Geomega Resources

Legal name

Geomega Resources Inc.

Website

https://geomega.ca

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Geomega Resources is a Quebec-based cleantech company developing a proprietary closed-loop hydrometallurgical ISR platform, via its subsidiary Innord Inc., to recover rare earth elements and critical metals from bauxite residue, NdFeB magnets, and sulfide tailings for licensing to industrial partners.

Ownership category

akta.pro rank

Product category

Critical Metals & Industrial Waste Valorization Technologies

NAICS

Support Activities for Mining (2131)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)

akta.pro secondary industries

Mining & Heavy Metals Remediation (Acid Mine Drainage, tailings-impacted sites) (BPALAKAK), Metals Recovery & Sorting Facilities (Ferrous/Non-Ferrous) (EUAIADAG), Mine Closure, Reclamation & Environmental Services (Precious Metals Sites) (IMAKAEAL)

Keywords

• Rare earth recycling
• Critical metals recovery
• Hydrometallurgical processing
• Industrial waste valorization
• Bauxite residue processing

Headquarters

HQ city

Boucherville

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Technology Licensing: GEOMEGA licenses its proprietary closed-loop hydrometallurgical processes to industrial partners globally. Licensing model allows refineries and mining companies to deploy technology on-site with GEOMEGA providing technical support and process optimization.
2. Build-Own-Operate (BOO): GEOMEGA deploys, owns, and operates processing facilities at client sites, generating revenue through metal products produced and sold to market. This model allows GEOMEGA to capture more value from the technology while providing clients a low-capex path to waste valorization.
3. Joint Development Agreements: Strategic partnerships with major industrial players (e.g., Rio Tinto) where GEOMEGA receives development funding and earns rights to commercialize technology upon successful demonstration. Creates upfront revenue through R&D collaboration before licensing or BOO phases.
4. Offtake Product Sales: Recovery and sale of critical metals including rare earth oxides (Nd, Pr, Dy, Tb), iron oxide (DR-grade), niobium, scandium, gallium, titanium, caustic soda, and hydrogen produced from processing operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Geomega Resources develops, licenses, and deploys proprietary closed-loop hydrometallurgical technologies (ISR platform, Iron Recovery, Reagent Recycling, Critical Metal Extraction, Process Heat Recovery, Hydrogen Production) that recover rare earth elements, DR-grade iron, scandium, gallium, titanium, alumina, and clean hydrogen from industrial residues such as bauxite residue, NdFeB magnet scrap, and sulfide tailings. The company monetizes these technologies via licensing, joint development agreements, and Build-Own-Operate (BOO) deployments with major alumina refiners, mining companies, and magnet manufacturers.

Product overview

GEOMEGA Resources operates as a cleantech company developing and licensing proprietary hydrometallurgical processes for critical metals recovery. The company's core technology platform is the ISR (Innord's Separation of Rare Earths) system, a low-cost, environmentally focused approach managed through its wholly-owned subsidiary Innord Inc. This platform is complemented by five integrated technology processes: Iron Recovery & Valorization, Reagent Recycling, Critical Metal Extraction & Refining, Process Heat Recovery, and Hydrogen Production. These technologies are applied through four main application areas: Bauxite Residue Valorization (converting red mud), NdFeB Magnet Recycling (elemental recycling of rare earth magnets), Sulphide Tailings Valorization (processing legacy mining waste), and the Montviel Deposit (primary REE and niobium ore project). Together, the technologies form an integrated ecosystem that transforms industrial residues into high-value metals, renewable energy inputs, and sustainable revenue streams.

Differentiator

Problem solved

Functional benefit

Products and services

• ISR Technology Platform (Innerd's Separation of Rare Earths) Proprietary closed-loop hydrometallurgical technology platform designed to recover value from magnet waste and end-of-life materials while recycling key reagents, integrating iron recovery, reagent recycling, and critical metal extraction circuits.
• Bauxite Residue Valorization Multi-metal recovery application converting bauxite residue (red mud) into DR-grade iron oxide, rare earth elements, scandium, gallium, titanium, caustic soda, smelter grade alumina, and silica gel, achieving >90% waste volume reduction.
• NdFeB Magnet Recycling Closed-loop chemical recycling process that disassembles end-of-life NdFeB magnets into elemental components without cryogrinding or hydrogen decrepitation, achieving >90% REE recovery, >99% TREO purity, ~54% GHG reduction, and ~54% lower costs versus traditional rare earth supply routes.
• Sulphide Tailings Valorization Targeted leaching with recyclable reagents to recover Au, Ni, Sb, Cu, and Co from sulfide tailings while stabilizing iron and producing marketable iron oxides, achieving 90% reagent reuse, minimal effluent, and zero-acid generation.
• Montviel Deposit 100% owned REE and niobium carbonatite deposit in Quebec, Canada, representing the largest bastnaesite NI 43-101 compliant resource estimate in North America and serving as a planned resource development opportunity leveraging Geomega's ISR technology.

Quantifiable outcome

• >90% REE recovery rate
• +9 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Rio TintoflagshipStrategic or Co-development Partner · 1 January 2024Joint Development Agreement (JDA) and Demonstration License for world's first integrated Bauxite Residue Valorization project in Saguenay, Quebec. GEOMEGA's technology will be deployed at Rio Tinto's alumina refinery to recover iron (DR-grade), rare earth elements, scandium, gallium, titanium, caustic soda, and alumina from bauxite residue (red mud). This collaboration marks transition from proven pilot performance to pre-commercial demonstration, establishing a benchmark for circular innovation in the aluminum industry.
• Vale Base MetalscoreStrategic or Co-development Partner · 1 January 2024Selected by Vale Base Metals in 2024 as one of the most innovative solutions to unlock value from sulfide tailings and contribute to sustainable mining practices. GEOMEGA evaluating Ni-Cu, Zn-Pb, and Au-Cu tailings for bench and pilot testing. This recognition validates the technology's potential for addressing legacy mining waste globally.
• Waswanipi First NationcoreStrategic or Co-development Partner · 1 January 2015Strong community support from Waswanipi Cree First Nation for Montviel deposit development. Partnership based on transparency, local collaboration, and responsible resource development. Cree First Nations involvement is key to gaining social license for responsible resource development in the region.
• National Research Council Canada (NRC)coreTechnology or Integration · 1 January 2008Innord Inc., GEOMEGA's wholly-owned innovation subsidiary, is based at NRC facilities in Boucherville, Quebec. R&D and piloting activities conducted at NRC location, providing access to research infrastructure and technical expertise. This partnership has been foundational to technology development since 2008.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Neo Performance Materials: Canadian-headquartered (Toronto) global rare earth and magnet materials producer with operations in REE separation, magnetic powders, and finished magnets. Comparable to Geomega as a public North American REE processor with a focus on building domestic supply chains.
• Umicore: Belgium-based global materials technology and recycling company with significant REE, cobalt, and precious metals refining capabilities. Comparable to Geomega's broader ambition of recovering critical metals from complex feedstocks through hydrometallurgy, though at vastly larger scale.
• MP Materials: US operator of the Mountain Pass rare earth mine and processing facility, producing NdPr oxide for the North American magnet supply chain. A larger, more established incumbent targeting the same REE supply security theme that drives Geomega's opportunity.
• Metso: Finland-based global leader in mining and metals processing equipment, including services for tailings management and mineral recovery. Comparable to Geomega in addressing mining waste valorization and critical mineral recovery, though primarily a process equipment OEM rather than a technology licensor.
• Solvay: Belgian chemical company with a long-established rare earth separation/refining business (La Rochelle, France) serving European permanent magnet and catalyst markets. A dominant incumbent in the REE separation space Geomega is targeting.

Direct peers

• Mkango Resources: UK/Canadian rare earths developer with the Songwe Hill project in Malawi and a downstream recycling partnership (Maginito with HyProMag). Comparable to Geomega as a small-cap rare earth and magnet recycling player targeting both primary ore and secondary feedstock.
• REEtec: Norwegian company that has commercialized a rare earth separation and refining process, supplying NdPr oxides to European customers. Directly comparable to Geomega's ISR technology platform as both deploy novel REE separation chemistries at industrial scale.
• Energy Fuels: US-based uranium and rare earth processor that has positioned itself as a Western alternative to Chinese rare earth refining, processing monazite and now recycling NdFeB magnet swarf. Comparable to Geomega in targeting domestic critical mineral supply chains and REE oxide production.
• Cyclic Materials: Canadian rare earth magnet recycling company using a hydrometallurgical process (REEtec-acquired technology) to recover REE from end-of-life magnets. Directly comparable to Geomega's NdFeB magnet recycling application and targets the same North American circular supply chain opportunity.
• HyProMag: UK-based rare earth magnet recycling company using Hydrogen Processing of Magnet Scrap (HPMS) technology. Addresses the same NdFeB magnet recycling problem as Geomega with a different but related closed-loop approach; both serve magnet manufacturers and OEMs seeking circular REE supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Geomega_REE
• Facebookfacebook.com/RareEarthRecycling
• LinkedInlinkedin.com/company/geomega-resources-inc-gma

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Geomega Resources