|By Marketwired .||
|January 15, 2014 06:31 AM EST||
MONTREAL, QUEBEC -- (Marketwired) -- 01/15/14 -- Geomega Resources Inc. ("GeoMegA" or the "Company") (TSX VENTURE: GMA), in cooperation with FFE Service GmbH (Munich, Germany), is pleased to announce the successful conclusion of tests confirming physical separation of rare earth elements ("REE"). Based on free flow electrophoresis(1) technology, GeoMegA's physical separation process has the potential to dramatically reduce the capital required to build separation facilities compared to conventional techniques (i.e. fractional precipitation, ion exchange and solvent extraction), optimize REE recovery and improve the environmental performance of operations.
Following months of process optimization, a series of three (3) tests have been conducted with the following characteristics:
-- Selected REE in synthetic mixture are europium (Eu), ytterbium (Yb) and lanthanum (La); -- Total REE concentration is approximately 1 g/L (65 millimolar); -- Single pass separation using the prototype instrument of FFE Service GmbH (96 separation channels).
The graphic results (click here) from the three (3) tests highlight the following advantages compared to conventional techniques:
-- All REE are separated simultaneously and not sequentially; -- Purity level is 100%.
The process uses no organic solvent which should have a very positive impact on the mitigation of environmental risks in addition to reducing operating costs. The next series of separation tests aims to isolate "neighbour" REE such as neodymium (Nd) vs. praseodymium (Pr) and dysprosium (Dy) vs. terbium (Tb). Results will be disclosed as they become available.
"Not only the separation occurs simultaneously, the slower and less abundant heavy REE are the easiest to isolate using our physical approach. A lot of process optimization and engineering work ahead of us but the confidence level in commercial scale-up is now very high. The world is funding research and development for a sustainable alternative to solvent extraction dominated by China, this breakthrough developed with our partners over the last two years leads us to believe we are close to succeeding." comments Simon Britt, President and CEO of GeoMegA.
Added value of REE separation
The selling price of a mixed REE concentrate is evaluated according to the distribution of each REE and the impurities of the composition. As finished products require high purity individual REE, the value of the REE in a mixed concentrate is reduced by a significant percentage, i.e. between 25% and 100%. The reduction is based on the criticality of each REE. Currently, the most critical REE are neodymium (Nd) and dysprosium (Dy) due to increasing demand for powerful permanent magnets.
The ongoing preliminary economic assessment ("PEA") for the Montviel project has a mixed REE concentrate as base case scenario. Since the separation process is in development and the potential impact very favorable, it will be excluded from the PEA base case scenario. Produced by G Mining Services Inc., the Company expects the completion of the PEA during the Company's third fiscal quarter of 2014.
NRCC Boucherville research facilities
The tests were performed in Munich, Germany by FFE Service GmbH. The Company conducted all analyses at the National Research Council Canada laboratory in Boucherville, Canada. The analyses were done on every sample using ICP-EOS spectrometer.
Dr. Pouya Hajiani, process engineer, and Dr. Gerhard Weber, CEO of FEE Service GmbH, supervised and approved the technical information of this news release.
(1) Electrophoretic mobility
Electrophoresis is the migration of charged species (ions, proteins, particles) in solution in the presence of an electric field. Each ion moves toward the electrode of opposite electrical polarity. For a given set of solution conditions and electric field intensity, the migration velocity depends on a characteristic number called the electrophoretic mobility. The electrophoretic mobility is directly proportional to the charge to size ratio of the ion.
GeoMegA has filed patents in multiple jurisdictions to protect its novel separation process. In exchange for the inventor rights and to encourage the conclusive development of the separation technology, the Company shall grant to Dr. Pouya Hajiani, subject to the approval of the TSX Venture Exchange, 1,000,000 common share purchase warrants ("Warrants"), each entitling its holders to subscribe to one additional common shares at an exercise price of $0.15 expiring July 1st, 2018. The Warrants become exercisable upon demonstration of high purity (greater than 99%) separation, in a pilot plant using the separation technology, of the following lanthanides from the Montviel concentrate: neodymium (Nd), dysprosium (Dy), europium (Eu) and praseodymium (Pr).
About FFE Service GmbH (www.ffeservice.com)
The mission of the FFE Service GmbH is the development and advancement of Free Flow Electrophoresis (FFE) and its application in research of biopolymers and bioparticles, with the focus in the field of protein research. The simultaneous activity in development, engineering, production, service and sales of FFE-instruments will ensure the successful implementation of this high performance separation technology in universities, research centres and industry. The know how about the application of FFE is offered within cooperation with scientific groups of universities, scientific research centres and industry. Work on contract is also offered for dedicated applications of FFE.
About GeoMegA (www.geomega.ca)
GeoMegA, which owns 100% of the Montviel rare earth elements/niobium project located in Quebec, is a mineral exploration and development company focused on the discovery and sustainable development of economic deposits of metals, such as rare earth elements, niobium and graphite, in Quebec. GeoMegA is committed to meeting Canadian mining industry standards and distinguishing itself with its innovative engineering, stakeholders engagement and its dedication to local transformation benefits.
GeoMegA currently has 42,825,238 common shares issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
Mar. 25, 2017 01:45 PM EDT Reads: 3,200
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Mar. 25, 2017 01:30 PM EDT Reads: 1,567
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
Mar. 25, 2017 01:15 PM EDT Reads: 1,964
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 25, 2017 12:45 PM EDT Reads: 1,779
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
Mar. 25, 2017 12:45 PM EDT Reads: 3,419
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 25, 2017 12:45 PM EDT Reads: 1,554
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Mar. 25, 2017 12:30 PM EDT Reads: 1,694
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Mar. 25, 2017 12:30 PM EDT Reads: 4,989
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
Mar. 25, 2017 12:30 PM EDT Reads: 1,090
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Mar. 25, 2017 12:00 PM EDT Reads: 818
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Mar. 25, 2017 11:15 AM EDT Reads: 1,435
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Mar. 25, 2017 11:15 AM EDT Reads: 720
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buyers...
Mar. 25, 2017 11:00 AM EDT Reads: 3,466
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 25, 2017 10:45 AM EDT Reads: 2,013
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Mar. 25, 2017 10:30 AM EDT Reads: 10,188