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Opinions Robert McWhirter
Geomega Resources IncGMA.VBUYJan 05, 2021
He nearly invested in their recent financing. They're building a facility that will recycle batteries in order to harvest valuable rare earth. Great opportunities lie ahead. They could build plants in Europe or China in the future.
N/A
Stock price when the opinion was issued
$0.27
As of Jun 12, 2026. Market Open.
precious metals
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COMMENT
Their specialty is getting rare earths in the after market. A 20 year old wind turbine has surplus rare earths (magnetic material), for example. They gather the left over material. They are building a plant in Quebec with interest for off take going to Europe. China is a strategic suppliers, so buyers are looking to diversify supply.
precious metals
BUY
The interesting part of the business is that a wind turbine has a 15 year life, and there are rare earth metals that can be recycled after. The company is working on a new plant that will be running before June 2020. If they have enough volume for a second line, the profitability will rise. There is quite a big potential.
precious metals
