Geomega Secures $3M Loan From Quebec Government Geomega Resources Inc.,Montreal, has secured additional debt financing of nearly $1.33 million to use toward build- ing a rare earth magnet recycling demonstration plant in St. Bruno, Quebec. Project financing will be provided by Inves- tissement Quebec, which will act as an agent on behalf of the Quebec government to secure funding for the project. Geomega Resources reports that this financing is in addi- tion to the first tranche amount of $1.72 million that was announced February 7. The debt financing now amounts to nearly $3.05 million and will have the same favorable terms as the first tranche, including that the debt is non-in- terest-bearing. The increased amount of debt financing amount is based on an updated project evaluated at $4.8 million, including capital costs and working capital, which was previously es- timated at $3.2 million. Geomega said the increased cost results from internal evaluations by the company based on the completed engineering work and adjusts for delays, as- sociated restrictions imposed by the COVID-19 pandemic and engineering work as well as higher costs of engineering and construction. Geomega said the funds will be used toward the purchase of equipment as well as engineering and construction of the demonstration plant. GFL Receives DOJ Approval For WCA Waste Acquisition The U.S.Department of Justice has approved GFL Environ- mental Inc.’s proposed acquisition of WCA Waste Corpo- ration under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. As previously announced, onAugust 12, 2020,GFL entered into a definitive agreement with an affiliate of Macquarie In- frastructure Partners II to purchaseWCA and its subsidiaries for an aggregate purchase price of US$1.212 billion. WCA operates a vertically-integrated network of solid waste assets, including 37 collection and hauling operations, 27 transfer stations, three material recovery facilities and 22 landfills supported by over 1,000 collection vehicles, across 11 U.S. states. WCA has an established regional platform with a growing footprint across the Midwest and Southeast United States, including three key markets inTexas,Missouri and Florida. DJJ Adds Appalachian Region Yards To Portfolio The River Metals Recycling (RMR) subsidiary of the Cin- cinnati, Ohio-based David J. Joseph Co. (DJJ) has acquired scrap processing locations in Ashland, Kentucky; Coeburn, Virginia; and Charleston,West Virginia. The recycling plants were acquired from Columbus Recy- cling, Columbus, Mississippi, which retains ownership and will continue to operate its nine other facilities in Mississip- pi,Tennessee and Kentucky.
Buyer’s Guide BALERS (HORIZONTAL)
ADVANCED EQUIPMENT SALES 535 Hagey Road, Souderton, PA 18964 (800) 572-9998 FAX (215) 723-7201
Website: www.aesales.net Email: sales@aesales.net ALLEGHENY SHREDDERS Old William Penn Hwy East • Delmont, PA 15626 (800) 245-2497 • Fax: (724) 468-5919 Website: www.alleghenyshredders.com E-mail: solutions@alleghenyshredders.com AMERICAN BALER Website: www.americanbaler.com E-mail: sales@americanbaler.com BALEMASTER (Division of East Chicago Machine Tool Corp.) 980 Crown Crt. • Crown Point, IN 46307 (219) 663-4525 • Fax: (219) 663-4591 Website: www.balemaster.com B E EQUIPMENT, INC. 1775 Wentz Rd. • Quakertown, PA 18951 (215) 536-0700 • Fax: (215) 536-2999 Website: www.beequipment.com E-mail: sales@beequipment.com C & M BALING SYSTEMS, INC. 2095 E. 1st St. • Winston-Salem, NC 27101 (800) 225-3796 • (336) 723-4869 • Fax: (336) 761-8695 800 E. Center St. • Bellevue, OH 44811 (800) 843-7512 • Fax: (419) 483-3815
Website: www.baling.com E-mail: sales@baling.com ELY ENTERPRISES
3809 Broadway • Lorain, OH 44052 (216) 252-8090 Fax: (216) 252-5607 Website: www.elyent.com E-mail: sales@elyent.com HARRIS 315 W. 12th Ave. • Cordele, GA 31015 (229) 273-2500
Website: www.harrisequip.com E-mail: info@harrisequip.com
INTERNATIONAL BALER CORPORATION 5400 Rio Grande Ave. • Jacksonville, FL 32254 (800) 231-9286
Website: www.intl-baler.com E-mail: sales@intl-baler.com
6 October 12, 2020 Recycling Markets
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