Welcome to our dedicated page for St Georges Eco news (Ticker: SXOOF), a resource for investors and traders seeking the latest updates and insights on St Georges Eco stock.
Overview and Core Business
St-Georges Eco-Mining Corp. (SXOOF) is a diversified Canadian technology company that develops innovative solutions to longstanding challenges in the mining and recycling sectors. Leveraging advanced battery recycling, metallurgical recovery technologies, and robust exploration strategies, the company turns environmental challenges into opportunities for resource optimization. From its state-of-the-art battery processing facilities to cutting-edge hydrogen production systems, St-Georges integrates multi-disciplinary approaches to enhance recycling efficiency and maximize metal recovery.
Battery Recycling and Environmental Compliance
At the heart of its operations is the company’s subsidiary, EVSX Corp., which operates high-capacity, multi-chemistry battery recycling plants. These facilities are designed to process a diverse array of battery types, including alkaline, zinc-carbon, nickel-cadmium, and lithium-based batteries. With an industry-leading recycling efficiency rate, EVSX employs advanced, automated processing lines that recover critical components such as battery metals, plastics, and other recyclable materials. The company’s operations are underpinned by strict environmental compliance as evident from its multiple approvals and regulatory permits, ensuring that battery recycling is both sustainable and cost-effective.
Metallurgical Innovations
The metallurgical recovery arm of the business, known as St-Georges Metallurgy, focuses on optimizing processes to extract high-grade metals from processed battery materials. By converting recovered black mass into refined metals for further industrial applications, the company not only minimizes waste but also enhances value creation along the supply chain. This integrated approach supports a circular economy and reinforces the company’s commitment to sustainable industrial practices.
Exploration and Resource Development
In addition to its recycling operations, St-Georges is actively involved in exploration projects across key mineral-rich regions. Its projects in Quebec’s North Shore are focused on nickel, palladium, and platinum group elements, while in Iceland, the Thor Gold Project and other initiatives exemplify its commitment to diversifying resource streams. These exploration activities are conducted with rigorous technical standards and robust regulatory oversight, contributing to a balanced portfolio that spans both recycling technology and primary resource development.
Hydrogen Production and Clean Energy Initiatives
St-Georges further diversifies its technological portfolio with its hydrogen technology subsidiary, H2SX. This division is pioneering innovative methods to produce clean, cost-effective hydrogen using proprietary microwave plasma torch technology. The system efficiently converts methane into both pure carbon powder and hydrogen without greenhouse gas emissions, aligning with high efficiency and sustainable production principles. The operational demonstration plants underscore the company’s ability to integrate advanced technology with environmental stewardship.
Operational Excellence and Strategic Partnerships
Operational excellence is achieved through a combination of high automation, stringent quality controls, and adaptive process technologies. The company maintains strategic partnerships with industry leaders and governmental bodies to ensure robust supply chains and adherence to industry standards. Collaborations, such as those with battery collection organizations and recycling service providers, bolster its market presence and enhance its competitive edge. The company’s multinational presence, with listings across Canadian, European, and US markets, further positions it as a credible entity in the global mining and recycling landscape.
Commitment to Innovation and Sustainability
St-Georges Eco-Mining Corp. has established itself as a forward-thinking entity by continuously developing and integrating new technologies to elevate environmental recovery processes. The company’s approach is rooted in extensive research and innovation, supported by patent-pending intellectual property and expert teams. Through a blend of technical expertise, rigorous operational protocols, and long-standing partnerships, the company delivers comprehensive solutions that meet and exceed industry expectations without compromising on sustainability.
This detailed overview underscores the company’s capacity to serve multiple facets of the mining and recycling industries, making it a significant point of reference for stakeholders interested in advanced, technology-driven solutions in environmental resource recovery.
St-Georges Eco-Mining Corp. (OTCQB:SXOOF) has announced that its subsidiary EVSX Corp. has secured a new three-year battery supply agreement with Call2Recycle Canada Inc. The agreement represents a significant expansion in both volume and battery chemistry types compared to their 2024 alkaline agreement.
The deal involves EVSX's state-of-the-art multi-chemistry processing line in Thorold, Ontario, with a 12,500-tonne annual capacity. The facility can process various battery types including alkaline, zinc carbon, nickel-cadmium, lithium-iron-phosphate, and electric vehicle batteries.
The revenue structure includes tipping fees for certain battery chemistries where EVSX retains ownership of recovered materials, while other chemistries involve EVSX sharing revenue from black mass sales with Call2Recycle. Pricing is subject to CPI adjustments and commodity price fluctuations.
EVSX, a wholly-owned subsidiary of St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF), has completed installing its multi-chemistry waste battery processing line in Thorold, Ontario. The line has a 10,000-tonne annual capacity and can process various battery types. The facility is moving to final testing before full commissioning expected in January 2025.
EVSX has filed for additional Environmental Compliance Approval (ECA) to process more battery chemistries, receiving Priority Review status. The company already holds an existing ECA and a three-year battery supply agreement with Call2Recycle. The line is one of three automated systems recovering battery metals, steel, aluminum, and other materials with over 95% efficiency.
Additionally, EVSX secured a $356,000 Convertible Debenture financing with a one-year maturity and 25% annual interest, convertible to shares at $0.0625.
EVSX Corp, a subsidiary of St-Georges Eco-Mining, has begun installing a state-of-the-art battery recycling line at its Thorold, Ontario plant. The highly automated multi-chemistry processing line has a 10,000-ton annual capacity and a 93% recycling efficiency rate. The facility can process various battery types, including alkaline, lithium-ion, and EV batteries. EVSX holds an Environmental Compliance Approval permit and has secured a three-year battery supply agreement with Call2Recycle. The plant's strategic location serves North America's largest automotive cluster, including Ford, GM, and Stellantis.
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) announces successful completion of its initial 4,200-ton-per-year battery processing line commissioning at EVSX Corp, achieving over 85% recycling efficiency for alkaline and zinc-carbon batteries. The company is installing an additional 10,000-ton-per-year line at its Thorold, Ontario facility, with two more such lines ready for deployment. The strategic location serves major automotive clusters including Detroit. Ian C. Peres has been appointed as CEO of EVSX Corp, while Enrico Di Cesare transitions to President and CTO. The processing lines are highly automated, capable of handling multiple battery types, and produce recyclable materials including battery metals, plastics, and aluminum.
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.
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.
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.
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.
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.
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.
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