Geomega Adds Technical and Operations Management Experience; Nominates Nicholas Nickoletopoulos to its Board of Directors
September 16 2020 - 7:30AM
Geomega Resources Inc. (“
Geomega” or the
“
Corporation”) (TSX:V.GMA) (OTC: GOMRF), a
developer of clean technologies for the mining, refining and
recycling of rare earths, is pleased to announce that Mr. Nicholas
Nickoletopoulos will be presented as a new nominee to the board of
directors of Geomega. Director Jean Demers will not be standing for
re-election. The new director will be proposed at Geomega’s Annual
General Meeting (“AGM”) which will take place on Wednesday October
21st, 2020 at 10 a.m. (Eastern Time) at McMillan LLP 1000,
Sherbrooke W, Suite 2700, Montréal, Québec.
“As Geomega evolves to its next stage of growth,
the company keeps adding new expertise and knowledge to its board
of directors. Nicholas brings the technical metallurgical
engineering background that was missing and adds to the operations
management experience.” said Kiril Mugerman, President & CEO of
Geomega. “His background in operations both in Quebec and abroad
will be instrumental as the Corporation looks to expand its
operations in the future. His knowledge of the metals processing
industry could open the door to other industrial waste streams
where critical metals could be extracted and are being lost today.
Recruiting a Quebec-born candidate of his caliber who spent his
career in manufacturing locally specialized goods and who
successfully expanded outside the province is great for Geomega and
demonstrates the deep and diversified pool of talent in Quebec.
Additionally, I would like to thank Director Jean Demers for his
contribution to the Corporation and wish him well in his future
endeavours.”
Mr. Nicholas Nickoletopoulos, P. Eng. (ON),
Ph.D. brings over 25 years of operational, technical and executive
management experience in the metals industry. Currently, he
is President, Managing Director and minority shareholder of
Metalunic, a Quebec-based manufacturer of metallic building
envelope products primarily composed of Canadian base materials.
Previously, Nicholas led Urecon as President, CEO, minority
shareholder and Director from 2013, a Canadian-based manufacturer
of factory-insulated piping systems and insulated product solutions
until its acquisition by Switzerland based Georg Fischer Ltd. in
2019 (FI-N on the SIX Swiss Exchange). From 2009 to 2013, he
was General Manager for Sivaco Wire Group and Ifastgroupe
concurrently, both Quebec-based manufacturers of carbon and alloy
steel products with 5 manufacturing facilities in Quebec and
Ontario and 7 distribution facilities across North America.
From 1994 to 2009 he held various posts including Manager of
Technical Services and Product Development and Director of
Marketing for Ivaco Rolling Mills. Dr. Nickoletopoulos sat on
the Board of Directors of Durabox Paper Inc. from 2003 to 2016
until it was acquired by Supremex Inc. (SXP on the TSX). He sat on
the Board of Wire Association International based in Madison,
Connecticut, and acted as President and Chairman in 2012. Dr.
Nickoletopoulos holds a Ph.D. and a Bachelors degree in
Metallurgical Engineering from McGill University and is a member of
the Professional Order of Engineers of Ontario since 1997.
About Geomega
(www.geomega.ca)Based in
Boucherville and St-Bruno, Quebec, Canada, Geomega Resources has
developed a proprietary, environmentally friendly “ISR Technology”
that recycles rare earth elements with focus on the permanent
magnet industry and produces four high demand, high price, rare
earth elements (HHREE), specifically Nd, Pr, Tb and Dy.
The Corporation is advancing towards initial
production phase from its demonstration plant to supply HHREE’s to
North America and other parts of the world.
Geomega also owns the Montviel rare earth
carbonatite deposit and holds over 16.8M shares, representing
approximately 19% of the issued and outstanding shares, of Kintavar
Exploration Inc. (KTR.V), a mineral exploration company that is
advancing the Mitchi stratiform copper project in Quebec.
For further information, please
contact:
Kiril Mugerman |
President and CEO |
Geomega |
450-641-5119 ext.5653 |
kmugerman@geomega.ca Nancy ThompsonVorticom Public
Relations212-532-2208nancyt@vorticom.com Twitter: @Geomega_REE |
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Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains statements that may
constitute “forward-looking information” or “forward-looking
statements” within the meaning of applicable Canadian securities
legislation. Forward-looking information and statements may
include, among others, statements regarding future plans, costs,
objectives or performance of the Corporation, or the assumptions
underlying any of the foregoing. In this news release, words such
as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate” “target” and similar
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not necessarily be accurate indications of whether, or the times at
or by which, such future performance will be achieved. No assurance
can be given that any events anticipated by the forward-looking
information will transpire or occur, including as regards the
commercialization of any of the technology referred to above, or if
any of them do so, what benefits the Corporation will derive.
Forward-looking statements and information are based on information
available at the time and/or management's good-faith belief with
respect to future events and are subject to known or unknown risks,
uncertainties, assumptions and other unpredictable factors, many of
which are beyond the Corporation’s control. These risks,
uncertainties and assumptions include, but are not limited to,
those described under “Risk Factors” in the Corporation’s annual
management’s discussion and analysis for the fiscal year ended May
31, 2020, which is available on SEDAR at www.sedar.com; they could
cause actual events or results to differ materially from those
projected in any forward-looking statements. The Corporation does
not intend, nor does the Corporation undertake any obligation, to
update or revise any forward-looking information or statements
contained in this news release to reflect subsequent information,
events or circumstances or otherwise, except if required by
applicable laws.
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