STOCK TITAN

ST GEORGES ECO MNG CORP - SXOOF STOCK NEWS

Welcome to our dedicated page for ST GEORGES ECO MNG news (Ticker: SXOOF), a resource for investors and traders seeking the latest updates and insights on ST GEORGES ECO MNG stock.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is a forward-thinking company focused on developing innovative technologies to address environmental challenges in the mining sector. With a core emphasis on maximizing metal recovery and implementing full-circle battery recycling solutions, St-Georges is at the forefront of sustainable mining practices. The company is actively exploring for nickel & PGEs, with projects in Quebec and Iceland. Headquartered in Montreal, St-Georges is committed to driving positive change in the industry by promoting eco-friendly practices and enhancing resource efficiency. Learn more about St-Georges and its transformative initiatives at www.stgeorgesecomining.com.

Rhea-AI Summary

St-Georges Eco-Mining Corp. and its subsidiary H2SX Corp. have announced the successful installation of a hydrogen production system at their Korean partner Wintech Energy's new facilities near Seoul, South Korea. The system, utilizing Wintech's proprietary microwave plasma torch technology, is expected to be fully operational by year-end, following a commissioning period.

The technology effectively dissociates carbon from hydrogen in methane molecules, producing clean hydrogen without greenhouse gas emissions. Jung Cheol Park, President of Wintech Energy, emphasized the system's ability to demonstrate the advantages of producing cheap and clean hydrogen. Dr. Sabin Boily, President and CEO of H2SX, expressed eagerness to showcase the operational technology to future partners and clients.

This Showcase Hydrogen Production Plant marks a significant milestone for H2SX, allowing interested parties to witness the technology in action and conduct independent due diligence. Several major industry players have already shown interest in reviewing the plant's operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
-
Rhea-AI Summary

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) has announced a significant advancement in its proprietary lithium processing technology. The company's subsidiary, St-Georges Metallurgy Corp., has developed a potential one-step process to produce LiFePO4 battery feedstock without producing lithium carbonate or lithium hydroxide first. This process is expected to have a minimal footprint and costs compared to traditional methods.

Key benefits of the new process include:

  • Reduced Capex by over 70% and Opex by 50% compared to competitors
  • Mineral recovery rates for lithium from spodumene exceeding 95%
  • Environmental leadership with 92% recirculation of nitric acid used
  • Scalable solution adaptable to diverse operational needs

The company has entered a collaboration agreement with a phosphoric acid provider and an equipment manufacturer to produce LiFePO4 battery feedstock, with financial support from LiOH Corp and governmental grants.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.42%
Tags
none
-
Rhea-AI Summary

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) has announced two significant developments:

  • Its subsidiary, EVSX Corp., is installing a large-capacity multi-chemistry battery processing line ahead of schedule in Thorold, ON. This move aims to capitalize on a time-sensitive opportunity for specialized battery recycling.
  • The company has arranged a non-brokered private placement offering for up to $900,000. This involves issuing up to 15,000,000 units priced at $0.06, with each unit consisting of one common share and half a warrant priced at $0.08.

The proceeds will be used to complete permitting modifications, install and commission the battery processing line, and support the Thorold recycling plant's operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
private placement
Rhea-AI Summary

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) has announced a significant financing agreement for its hydrogen technology subsidiary, H2SX Corp. A private Canadian company will invest $7,500,000 through a private placement of units at $0.75 per unit, including shares and warrants. Additionally, the investor will purchase 75% of St-Georges' holding in H2SX for $1,500,000.

The deal includes an initial $1,000,000 non-refundable payment within 30 days, followed by due diligence. Upon successful review, the remaining $6,500,000 will be paid. This agreement will free St-Georges from further financing obligations towards H2SX, allowing it to focus on its primary activities. H2SX plans to use the investment to accelerate its cheap and clean hydrogen (ccH2™) production technology development and deployment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.43%
Tags
-
Rhea-AI Summary

St-Georges Eco-Mining Corp (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) has announced that its wholly-owned subsidiary, EVSX Corp, has successfully processed its first batch of alkaline batteries at its Thorold, Ontario facility. The company received two shipments of batteries last week and produced its first batch of black mass from a small volume of alkaline batteries. Management is confident that the equipment and process will meet or exceed expectations.

EVSX CEO Enrico Di Cesare stated that the final stage of operational commissioning for the alkaline line is underway, with ongoing adjustments to feed rate and sequence. The company aims to improve total recovery standards and transition to more sophisticated multi-chemistry lines, ultimately linking end-of-life batteries to mineral resources and metallurgical technologies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.84%
Tags
none
-
Rhea-AI Summary

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) and Call2Recycle Canada have launched EVSX's new battery processing plant in Thorold, Ontario. The facility, located at the Bioveld Complex in Niagara, has a processing capacity of 4,200 tons of alkaline batteries per year with an 87.7% recycling efficiency rate, the highest for single-use battery recycling in Canada. This launch supports the increasing volumes of alkaline batteries recycled by Canadians, with Ontario contributing about 40% of the national collection.

The plant will also collaborate with St-Georges Metallurgy (SXM) to transform black mass and develop agricultural fertilizer products. This development follows a 2022 agreement between Call2Recycle and EVSX to build a full battery recycling ecosystem in Ontario, resulting in a three-year supply agreement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
42.86%
Tags
none
News
Rhea-AI Summary

St-Georges Eco-Mining Corp (SXOOF) provided an update on its battery recycling and other initiatives. The company's Thorold, Ontario plant is set for final inspections for its 4,200 tons/year line. They plan to use early results from operations to finance larger line installations. Discussions with suppliers and partners are ongoing. They aim to expand through partnerships and licensing agreements.

St-Georges Metallurgy updated its agreement with an industrial farming group to process blackmass, expecting higher profits from micronutrient products. A U.S. subsidiary is planned to meet Department of Defense grant requirements. The company also entered an exclusive lithium technology licensing agreement with LiOH Corp, with no cash commitment and future royalty payments.

H2SX is setting up a demonstration plant in South Korea, with expected financing and potential ownership dilution. Various exploration projects and corporate matters, including potential financing offerings, were also discussed.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
Tags
none
-
Rhea-AI Summary
St-Georges Eco-Mining Corp. announces that its subsidiary EVSX Corp. has received Environmental Compliance Approval for its battery processing plant in Thorold, Ontario. The approval allows for processing up to 4,200 tons of alkaline batteries annually, with strict conditions. EVSX can now commission the plant and prepare for full industrial operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.14%
Tags
none
-
Rhea-AI Summary
St-Georges Eco-Mining Corp. reports positive results from the 2023 drilling program at the Manicouagan Critical & Strategic Minerals Project, showing significant nickel-cobalt-chrome mineralization with Platinum Group Elements values. The company plans further exploration based on the promising findings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.71%
Tags
none
Rhea-AI Summary
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) has acquired surface and minerals rights on the Elbow Creek Project, demonstrating significant gold and silver values. The company also plans to spin out its Icelandic assets, unlocking their gold potential and listing St-Georges Iceland Ltd. on the CSE.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.58%
Tags
none

FAQ

What is the current stock price of ST GEORGES ECO MNG (SXOOF)?

The current stock price of ST GEORGES ECO MNG (SXOOF) is $0.03499 as of October 15, 2024.

What is the market cap of ST GEORGES ECO MNG (SXOOF)?

The market cap of ST GEORGES ECO MNG (SXOOF) is approximately 11.0M.

What is St-Georges Eco-Mining Corp. focused on?

St-Georges is dedicated to developing cutting-edge technologies to tackle environmental challenges in the mining sector, with a focus on metal recovery and battery recycling.

Where is St-Georges headquartered?

St-Georges' headquarters are located in Montreal, Canada.

What projects is St-Georges currently exploring?

St-Georges is actively exploring for nickel & PGEs, with projects in Quebec's North Shore and Iceland.

What is St-Georges' vision for sustainability in the mining industry?

St-Georges aims to drive positive change by promoting eco-friendly practices and enhancing resource efficiency.

How can I learn more about St-Georges and its initiatives?

Visit St-Georges' official website at www.stgeorgesecomining.com for detailed information on the company's transformative projects and technologies.

ST GEORGES ECO MNG CORP

OTC:SXOOF

SXOOF Rankings

SXOOF Stock Data

10.99M
250.41M
8.89%
4.15%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Montreal