Technology for separating and getting rid of rare earth elements.
The goal of the Geomega Solution is to provide a way to get rare earth elements from permanent magnets and other mining sources that is good for the environment and makes money. The technology was made to deal with some of the problems that come with traditional Solvent Extraction (SX). China has the most advanced improvements and the most years of experience running SX. Geomega Solution can make it easier to recycle products that have reached the end of their useful lives and create a reliable source of rare earth outside of China. Most importantly, companies that make neodymium magnets will finally be able to recycle their waste in a way that doesn’t hurt the environment.
Positive facts about Geomega Solution
A 55% reduction of GHG emissions (kg CO2-eq./kg REO)
41% reduction in Energy consumption relative to the mainstream alternative solution that is being used in China today
A 82% reduction of GHG emissions relative to producing from a mine
Capital costs estimated to be over 50% lower than a traditional alternative
Operating costs comparable to prices in China but with a significantly better environmental footprint
3 years payback time with a contribution margin average of 23%
Video about Geomega Solution
https://www.youtube.com/embed/9DDHDHoDXhk
Geomega Solution website : https://geomega.ca/
