Geomega Resources Inc. has been awarded a $3 million grant from the Technoclimat Program to advance its construction of a magnet recycling demonstration plant.
The program is administered by the Quebec Ministry of the Environment and the Fight Against Climate Change, Wildlife and Parks (MELCCFP).
Geomega is building a magnet recycling demonstration plant with a throughput capacity of 1.5 tonnes per day of feed material. The company said the funding will help to cover the costs of engineering work, equipment cost increases and the various delays in the project to date.
“We are very grateful to the Quebec Government for their support of our project,” said Kiril Mugerman, president and CEO of Geomega.
“As we continue with procurement of equipment and approach the construction phase, we get a step closer to bringing the rare earths industry to Quebec.”
Engineering, procurement and pre-construction activities have been progressing over the last three months. Geomega engaged the services of BBA, a Canadian engineering consulting firm, to complete the final stage of detailed engineering and prepare the project for construction.
The work started in December 2022 and is expected to finish around April/May 2023.
A project technical risk assessment, performed by an external group, provided only minor recommendations in order to comply with the best industry safety practices. The full HAZOP (Hazard and Operability) study is scheduled for early February 2023 and will be performed by BBA.
The latest version of the layout and equipment mechanical design were provided to BBA who will deliver the plant 3D model. That work has now begun and is advancing as planned.
Bench scale testwork has continued throughout the last three months. The main objectives of this work are optimization and verification of reagent needs and process robustness versus deviation in operation conditions.