GEOMEGA Rare Earth Elements in Canada INNORD MONTVIEL GeoMegas - - PowerPoint PPT Presentation

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GEOMEGA Rare Earth Elements in Canada INNORD MONTVIEL GeoMegas - - PowerPoint PPT Presentation

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Neodymium Oxide Neodymium Metal NdFeB Magnets Electric Motors R ARE E ARTHS R ECYCLING FOR THE P ERMANENT M AGNET I NDUSTRY Corporate Presentation November 2018 TSX.V: GMA A BOUT U S GEOMEGA Rare Earth Elements in Canada INNORD MONTVIEL

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TSX.V: GMA Corporate Presentation November 2018

RARE EARTHS RECYCLING FOR THE PERMANENT MAGNET INDUSTRY

NdFeB Magnets Neodymium Metal Neodymium Oxide Electric Motors

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Page 2 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

ABOUT US GEOMEGA INNORD MONTVIEL

Rare Earth Elements in Canada 100% owned REE asset located in Quebec with a 43‐101 resource, permanent access and excellent infrastructure. GeoMega’s innovation arm focused on scaling up “ISR”, a local, environmentally friendly REE recycling and refining technology.

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TSX.V: GMA

FORWARD‐LOOKING STATEMENT

Our presentation contains “forward‐looking statements” not based on historical facts. Forward‐looking statements express, as of the date of this presentation, our estimates, forecasts, projections, expectations and opinions as to future events or results. The forward looking statements that are contained in this presentation are based on various assumptions and estimates by the Corporation 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 Corporation’s filings with Canadian Securities Administrators. 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 including as regards the commercialization of any of the technology, general business, economic, competitive, political and social

  • conditions. The Corporation expressly disclaims any obligation to update any forward‐looking

statements, except as required by applicable securities laws.

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Page 4 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

  • >85% mined in China
  • Strong demand growth (Wind Power & EV Industry)
  • Expected supply shortfall & Reducing exports from China
  • Expecting Magnet REE price increase in coming years

WHY INVEST IN REE SECTOR?

  • 15 Lanthanide elements critical to our clean tech & high tech

industries

  • Key product is the permanent magnet – the driver of the

renewable energy revolution & transportation electrification

Dysprosium

Dy

162.50

66

Terbium

Tb

158.93

65

Gadolinium

Gd

157.25

64

Europium

Eu

151.96

63

Samarium

Sm

150.36

62

Promethium

Pm

[145]

61

Neodymium

Nd

144.24

60

Praseodymium

Pr

140.91

59

Cerium

Ce

140.12

58

Lutetium

Lu

174.97

71

Ytterbium

Yb

173.05

70

Thulium

Tm

168.93

69

Erbium

Er

167.26

68

Holmium

Ho

164.93

67

Lanthanum

La

138.91

57

Yttrium

Y

88.90

39

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Page 5 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

REE INDUSTRY BOTTLENECK

  • REE refining capacity is >90% in

China

  • Know‐how for Solvent Extraction

(SX) is in China

  • Organic solvents not

environmentally friendly

  • High CAPEX & difficult to permit
  • utside of China
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Page 6 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

INNORD’S SEPARATION OF REE – ISR TECHNOLOGY

  • Organic solvent free
  • Clean technology for REE separation
  • Sustainable & competitive alternative to SX
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Page 7 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

ISR SCALE UP PROGRESS

0.0035 0.06 30 130 100 100 100 0.01 0.1 1 10 100 1000 10000 20 40 60 80 100 120 140 2014 2015 2016 2017 2018 2019 2020

CAPACITY (LITRES) Log scale CONCENTRATION (g REO / L)

DRAMATIC INCREASES IN CONCENTRATION AND CAPACITY

Increase in Capacity (L)

  • 2014 – 0.03 L
  • 2018 – 20 L
  • 2019 (F) – 200 L
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Page 8 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

ISR SCALE UP PROGRESS

$1 $10 $100 $1,000 $10,000 $100,000 $1,000,000 2014 2015 2016 2017 2018 2019 2020

COST ($/L Capacity)

  • log. scale

DRAMATIC DECREASES IN COST ($/L Capacity)

Decrease in Capital Cost ($/L Capacity)

  • 2014 ‐ $5M / L
  • 2019 (F) ‐ $500 / L

5 10 15 20 25 30 35 40 45 50 2017 2018 2019

INCREASE IN SEPARATION FACTOR

Separation factor (SF) 20 40 60 80 100 120 140 2013 2014 2015 2016 2017 2018 2019 2020

PURITY ‐ RECOVERY ‐ RESIDENCE TIME

Purity (% REO) Recovery Single Run Residence Time (hr/L Capacity)

Range of SF in Solvent Extraction

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Page 9 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

FEED MATERIAL

  • Focusing on magnet based feed
  • Grades >25% TREO (Nd, Pr, Tb, Dy)
  • Two main sources available:
  • 1. Magnet & alloy manufacturers residues
  • 2. Bulk magnets ‐ end of life recycling
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Page 10 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

FEED MATERIAL

October 25, 2018 – 1st feed secured

  • LOI with US based magnet manufacturer
  • 1,000 kg per month
  • Potential to increase to 2,000 kg per month

Working on securing additional sources of both feed types

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Page 11 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

PRODUCTION FROM RECYCLING & BLUE SKY

Commercial production plans

  • To be located in Quebec, Canada
  • Initial throughput capacity of 500 tonnes per year
  • Potential to produce over 150 tpy of Nd, Pr, Tb & Dy

Growth potential Once ISR is derisked through magnetic feeds & cash flows:

  • Expand toward other industrial feeds
  • Mining feeds
  • Montviel feed

Category Million Tonnes TREO Grade (%) Pr2O3 Nd2O3 Nb2O5 Grade (ppm) Grade (ppm) Grade (ppm) Indicated 82.4 1.51 766 2,452 1,715 Inferred 184.2 1.43 746 2,433 1,315

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Page 12 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

REE IN THE INDUSTRIAL CYCLE

1 2 3

  • 3 different feeds

3

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Page 13 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

Mining should not be the only answer! Innovative Technologies Alternative sources Derisking through production & cash flow Recycling

INVESTING IN THE CRITICAL METALS FOR

FUTURE TECHNOLOGIES?

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Page 14 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

MANAGEMENT

Kiril Mugerman ‐ President & CEO

  • Over 8 years in the REE sector
  • Previously mining analyst with IA Securities in industrial minerals and exploration geologist with Gold Fields Ltd.
  • President & CEO of Kintavar Exploration
  • Holds a B.Sc. With Honors from McGill University in Earth & Planetary Sciences
  • Dr. Pouya Hajiani, Ph.D. ‐ Chief Technology Officer
  • Over 5 years of research in lanthanides extraction and purification
  • Inventor of the FFE and ISR separation of REE and hydrometallurgical extraction method for REE and Nb for Montviel ore
  • Previously project manager and process engineer for petrochemical companies under RSI

Mathieu Bourdeau, CPA, CA ‐ Chief Financial Officer

  • 6 years at Deloitte as Director of Audit and Consulting Services
  • Previously financial controller for Explorance Inc.

Alain Cayer, P. Geo., M.Sc. ‐ VP Exploration

  • Responsible for delineating the large carbonatite deposit at Montviel
  • VP Exploration of Kintavar Exploration
  • Discovered the Eleonore gold deposit and the Mitchi Copper project
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Page 15 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

BOARD OF DIRECTORS

Gilles Gingras, CPA, CA

  • Retired and former Partner in Audit and Advisory Services at Deloitte LLP (1987 to 2013)
  • Member of Deloitte LLP Canadian Board of Directors and of its finance, risk management and

governance committees (2002 to 2010)

Kosta Kostic

  • Partner and member of McMillan LLP National Capital Markets and M&A group
  • Practice focused on corporate finance, securities and M&A in the mining, renewable energy and information technology

Mario Spino

  • Model validations for National Bank of Canada
  • Previously principal advisor with KPMG and financial market risk management and derivatives evaluation
  • Holds a M.Sc. In financial engineering from HEC

Jean Demers, P. Geo

  • President of Geodem Inc. consulting in corporate financing and evaluation
  • Assistant syndic and trainer for the Ordre des Geologues du Quebec and previously a director
  • Involved in corporate governance for 20+ year & receipient of the Quebec Interprofessional Council’s Merit Award
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Page 16 | Geomega & Innord (GMA.V)

Rare Earths Recycling for the Permanent Magnet Industry

SHARE STRUCTURE

Issued & Outstanding 90,072,634 Stock Options 4,530,000 Warrants 11,019,416 Fully‐Diluted 105,622,050 SHARE STRUCTURE As of May 31, 2018

3.6% 11.1% 37.8% 47.6% Management & Insiders Quebec Inst. Funds Private large positions Retail

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TSX.V: GMA

RARE EARTHS RECYCLING FOR THE PERMANENT MAGNET INDUSTRY

Kiril Mugerman – President & CEO kmugerman@geomega.ca 450‐641‐5119 #5653

  • Dr. Pouya Hajiani – CTO

phajiani@geomega.ca 450‐641‐5119 #5656