Geomega Resources Enters CA$1.4 Million Non-Dilutive Loan Financing

01:47 PM EDT, 09/16/2026 (MT Newswires) -- Geomega Resources (GMA.V) entered into a secured loan agreement for CA$1.4 million, it said in a statement on Wednesday. Shares of the company were last seen up 17% at CA$0.275 on the TSX Venture Exchange. The company arranged the loan financing with an arm's length private lender with whom Geomega has an established commercial relationship. The two-year loan bears interest at a rate of 10.5% per annum, with interest payable monthly, it said. Loan proceeds will be used to support the expansion of Geomega's Saint-Hubert operations, including new laboratory and office space and the development and commissioning of its demonstration plant, while advancing its broader research and development and commercialization activities, the company said. Price: 0.28, Change: +0.04, Percent Change: +17.02