Geomega Announces $1.35 Million Non-Dilutive Loan Financing

Montreal, Quebec--(Newsfile Corp. - September 16, 2026) - Geomega Resources Inc. (TSXV: GMA) ("Geomega" or the "Corporation") is pleased to announce that it has entered into a secured loan agreement for a principal amount of $1.35 million (the "Loan").

The Loan financing was arranged with an arm's length private lender with whom Geomega has an established commercial relationship. The net Loan proceeds will support the expansion of the Corporation's Saint-Hubert operations, including new laboratory and office space and the development and commissioning of its demonstration plant, while advancing its broader R&D and commercialization activities.

The Corporation is complementing its previously announced government-funded programs with financing solutions more closely aligned with the recurring R&D expenditures. This Loan accelerates Geomega's access to refundable R&D tax credits, reducing the timing gap between eligible expenditures and receipt of the related tax credits, thereby improving working capital management.

The Loan is secured by certain movable assets of the Corporation and Innord Inc., Geomega's wholly owned subsidiary, including refundable R&D tax credits.

The Loan has a two-year term and bears interest at a rate of 10.5% per annum, with interest payable monthly. A portion of the principal will be repaid as the related tax credits are received, with the remaining balance due at maturity on September 14, 2028. A 2% administrative fee, representing $27,000, was deducted at closing, resulting in net proceeds to Geomega of $1.323 million. The Loan may be repaid without penalty following the first six months. The Loan is not a security, and the principal amount of the Loan is not convertible into any securities of Geomega.

"This financing aligns our funding structure more closely with the recurring R&D expenditures generated by our development programs," commented Mathieu Bourdeau, CFO of Geomega. "By accelerating access to the value of refundable tax credits, it helps us maintain momentum across our technology-development initiatives and manage working capital more efficiently as certain government-funded programs are completed."

About Geomega (www.geomega.ca)

Geomega develops technologies for the extraction, separation and recovery of rare earth elements and other critical metals from industrial and end-of-life feedstocks. The Corporation's technology platforms include rare earth magnet recycling, bauxite residue valorization and sulphide-tailings processing.

Geomega's strategy is to progressively de-risk its technologies through laboratory, pilot and demonstration scale development and to pursue commercial deployment with industry participants in the relevant value chains. Across its technology platforms, Geomega seeks to recover valuable metals and recycle key process reagents, with the objective of reducing environmental impacts and supporting more circular materials supply chains.

Geomega also owns the Montviel rare earth carbonatite deposit and holds more than 16.8M shares of Auriginal Mining Corp. (AUME.V), a mineral exploration company focused on copper and gold projects in Quebec, Canada.

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