on St-Georges Eco-Mining Corp. (isin : CA85235Q1000)
St-Georges Eco-Mining Corp. Provides Key Corporate and Operational Update
St-Georges Eco-Mining Corp. has announced significant advancements in its battery recycling operations and other strategic initiatives. The company’s subsidiary, EVSX, has completed the financial assurance required by the Ministry of the Environment, Conservation and Parks, and is now finalizing the commissioning of its Ontario plant.
EVSX is negotiating battery allocations and reactivating supplier discussions to finance multi-chemistry line installations. The company plans to use its Thorold plant as a showcase, with future expansions via partnerships or joint ventures.
St-Georges Metallurgy (SXM) has signed an agreement with an industrial farming group for processing blackmass into high-value micronutrients, aiming for joint venture formation post-testing. In the U.S., SXM plans to create a subsidiary to meet Department of Defense grant requirements.
An exclusive licensing agreement with LiOH Corp. has been established for SXM lithium technology, with LiOH financing initial operations and paying royalties based on net sales milestones. Additionally, St-Georges is working on funding a demonstration plant in South Korea in partnership with H2SX.
The company has ongoing negotiations with FeNiX Battery Metals for technology that could enhance the iron and steel-making industry's efficiency and environmental impact. A financing offering of up to $750k is also anticipated to support Thorold plant operations.
R. H.
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