Geomega’s rare earth magnet recycling demonstration plant is approaching the completion of construction, with commissioning expected to begin in November. In parallel, the corporation continues to advance commercial discussions related to feed supply, rare earth oxide offtake, toll processing and potential technology licensing for NdFeB magnet recycling. Geomega has also achieved further technical progress with its bauxite residue valorization technology and expanded its sulphide-tailings valorization program using materials supplied by global mining companies.
Construction activities at Geomega’s rare earth magnet recycling demonstration plant continued to advance throughout the summer, with the project entering its final installation and integration phase.
The Corporation’s approach of progressively testing individual systems and equipment allows the project team to identify and incorporate practical improvements before integrated plant commissioning. This work is intended to support a more efficient transition from construction into staged commissioning and subsequent start-up.
In parallel with plant construction activities, Geomega is continuing discussions with several prospective customers in Western markets, including multinational companies, regarding the potential purchase of rare earth oxides expected to be produced at the demonstration plant. The corporation is also advancing discussions with potential suppliers of magnet scrap and other suitable feed materials and evaluating potential toll-processing arrangements for the facility.
Geomega is separately engaged in early-stage discussions with several groups regarding the potential licensing of the rare earth recycling technology for magnet scrap and swarf applications outside Canada. Geomega expects to participate in several upcoming industry conferences to advance these discussions with companies that are planning, developing or operating rare earth magnet manufacturing facilities.
“The project made meaningful progress over the summer and is now moving through the final stages of installation and system integration ahead of commissioning,” said Kiril Mugerman, president and chief executive officer of Geomega. “At the same time, discussions with potential feed suppliers, oxide customers, toll-processing partners and technology-license partners highlight the growing commercial opportunities around the demonstration plant and Geomega’s rare earth recycling technology.”
Published September 2026
