GeoMegA and Innord Sign a Technology License Agreement

 

MONTREAL, QUEBEC-April 6, 2016 – Geomega Resources Inc. (“GéoMégA” or the “Company“) (TSX VENTURE:GMA) and Innord Inc. (“Innord“) are pleased to announce that the two companies signed a Technology License Agreement (“TLA“) pursuant to which GéoMégA is granted a non-exclusive license to build and operate processing and separation facilities using the licensed technology (“Licensed Technology“). The Licensed Technology includes the patent applications for “A system and method for separation and purification of dissolved rare earth/precious metals elements/compounds” covered under patent application 2,893,793 (Canada) and 14/653,777 (U.S.A) and for “A system and a method for metallurgical extraction of REE and Nb from Ferro-Carbonatite” covered under patent application 62/180,663. The companies will continue to work jointly on developing the technologies, scaling up, implementing pilot plants and attaining industrial application. The TLA is not limited in time and is not restricted to any particular territory.

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