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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.
precious metals
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
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
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Geomega Resources Inc(GMA-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Geomega Resources Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Geomega Resources Inc(GMA-X) Frequently Asked Questions

What is Geomega Resources Inc stock symbol?

Geomega Resources Inc is a Canadian stock, trading under the symbol GMA-X on the TSX Venture Exchange (GMA-CV). It is usually referred to as TSXV:GMA or GMA-X

Is Geomega Resources Inc a buy or a sell?

In the last year, there was no coverage of Geomega Resources Inc published on Stockchase.

Is Geomega Resources Inc a good investment or a top pick?

Geomega Resources Inc was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Geomega Resources Inc.

Why is Geomega Resources Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Geomega Resources Inc worth watching?

0 stock analysts on Stockchase covered Geomega Resources Inc In the last year. It is a trending stock that is worth watching.

What is Geomega Resources Inc stock price?

On 2024-05-17, Geomega Resources Inc (GMA-X) stock closed at a price of $0.105.