EDITOR: | March 2nd, 2014 | 5 Comments

Interview: GeoMegA’s rare earth separation process and resource update catalyst for shareholder revelry

| March 02, 2014 | 5 Comments

Weslosky-BrittMarch 2, 2014 — Simon Britt, CEO of GeoMegA Resources (‘Geomega’, TSXV: GMA), a rare earth exploration company speaks to Tracy Weslosky, Editor-in-Chief and Publisher for InvestorIntel  about its 100% owned Montviel Rare Earths elements/niobium project in Quebec. Tracy mentions GeoMegA’s 280% share price increase since the start of the year; she asks Simon what it is that the GeoMegA is about the rare earth processing as a potential catalyst for this uptick. Simone said that after two and a half years of R&D, in “…the last day eight months, we have developed a process, which enhances the physical capabilities of the rare earth ion lanthanide separation and we were very successful in mid-January when we disclosed it. We tagged along a partner out of Germany this September and the team has been on a mission to succeed.”

Tracy asks about the separation and Simon explains that the focus is on europium, terbium and lanthanum, pointing out that “…lanthanum and ytterbium are very far apart, while europium is in the middle.” Tracy comments that Geomega’s trading volume has gone “through the roof” and Simon explains that, starting in January, GeoMegA has received very good press both at the local and international levels. Again, inspired by the new separation technology’s potential. Adding that the more ‘resource’ based aspects of GeoMegA’s operation as presented in the two news releases after the announcement of the successful separation process have also contributed to the positive response from the market.

GeoMegA has continued the short 2,000 meters drilling program and gotten significant results, “mainly two excellent holes, which are enriched with dysprosium and also carries a significant amount of neodymium. The key here was to see if, at the production stage, we could enhance the dysprosium volume per year to something close to 10:1 neodymium/dysprosium split for the magnetic market,” which is a very important target market for GeoMegA.

As for the surge of analyst ‘buy’ recommendations, Simon says that these have been almost entirely related to the separation technology, the foundation of which is rather simple. “Rare earth ions move a different speed and we focus on that differentiation to create separation”. That separation is known as “free-flow electrophoresis” (FFE), which has been around for about 60 years, and used in Germany in the 1960’s to separate proteins, cells or organelles. It was not used to this extent before and its main benefit is that separation is achieved in a liquid, which delivers a higher recovery rate than more traditional solid based methods.

In conclusion, Simon comments that GeoMegA expects to deliver more good news this year, updated resource estimates, PEA focused on concentrate base case, and the separation technology will allow the company to start generating revenue, maybe as early as next year. Ultimately, “the competitive advantage is the separation”, because that’s what makes China competitive.

Disclaimer: GeoMegA Resources is an advertorial member of InvestorIntel.


Tracy Weslosky is the CEO for InvestorIntel Corp., a leading online source of investor information that provides public market coverage for investors for both investors ... <Read more about Tracy Weslosky>

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  • Tracy Weslosky

    Congratulations Simon. We just ran the numbers for February 2014 and GeoMegA was up +117%.

    March 2, 2014 - 11:53 AM

  • SteauaOilers

    The interview seems to be done before the latest separation results were announced on February 24.

    It would be interesting to hear Jack Lifton’s opinion about the potential of Geomega’s separation process.

    March 2, 2014 - 8:32 PM

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    […] my morning by posting the interview with Simon Britt titled GeoMegA’s rare earth separation process and resource update catalyst for shareholder revelry. If you’re surprised by the term ‘revelry’ you may appreciate this more when you learn that […]

    March 3, 2014 - 12:41 PM

  • Julien B.

    Keep up the good work Simon.
    This technology has huge potential impacts for the RE industry. On both economic and environmental aspects.

    March 5, 2014 - 12:23 PM

  • Venture capitalist

    Just ask this company how close they really are to commercial production levels with this technology.

    April 12, 2014 - 5:42 AM

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