EVSX Completes Installation of Multi Chemistry Line
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, una controllata interamente di St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF), ha completato l'installazione della sua linea di trattamento rifiuti da batterie con chimica multipla a Thorold, Ontario. La linea ha una capacità annuale di 10.000 tonnellate e può trattare vari tipi di batterie. L'impianto sta passando ai test finali prima della messa in servizio totale prevista per gennaio 2025.
EVSX ha presentato richiesta per un'ulteriore Approvazione di Conformità Ambientale (ECA) per trattare più chimiche delle batterie, ottenendo lo stato di Revisione Prioritaria. L'azienda detiene già una ECA esistente e un contratto di fornitura di batterie di tre anni con Call2Recycle. La linea è uno dei tre sistemi automatizzati per il recupero dei metalli delle batterie, acciaio, alluminio e altri materiali con un'efficienza superiore al 95%.
Inoltre, EVSX ha ottenuto un finanziamento tramite Debenture Convertibile da $356.000 con una scadenza di un anno e un tasso d'interesse annuale del 25%, convertibile in azioni a $0,0625.
EVSX, una subsidiaria de propiedad total de St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF), ha completado la instalación de su línea de procesamiento de baterías desechadas de química múltiple en Thorold, Ontario. La línea tiene una capacidad anual de 10,000 toneladas y puede procesar varios tipos de baterías. La instalación está en la fase de pruebas finales antes de la puesta en marcha total prevista para enero de 2025.
EVSX ha solicitado una aprobación de cumplimiento ambiental adicional (ECA) para procesar más químicas de baterías, recibiendo estatus de revisión prioritaria. La empresa ya posee una ECA existente y un contrato de suministro de baterías de tres años con Call2Recycle. La línea es uno de tres sistemas automatizados que recuperan metales de baterías, acero, aluminio y otros materiales con una eficiencia superior al 95%.
Además, EVSX aseguró un financiamiento a través de un debente convertible de $356,000 con un vencimiento de un año y un interés anual del 25%, convertible a acciones a $0.0625.
EVSX는 St-Georges Eco-Mining Corp.(CSE:SX)(OTCQB:SXOOF)의 완전 자회사로서 온타리오주 토롤드에 다중 화학적 폐배터리 처리 라인을 설치를 완료했습니다. 이 라인은 연간 10,000톤의 용량을 가지며 다양한 배터리 유형을 처리할 수 있습니다. 이 시설은 2025년 1월 예정인 전체 커미셔닝 이전에 최종 테스트 단계로 이동하고 있습니다.
EVSX는 추가 화학 배터리를 처리하기 위한 추가 환경 준수 승인(ECA)을 신청하였으며, 우선 검토 상태를 받았습니다. 회사는 이미 기존의 ECA를 보유하고 있으며 Call2Recycle과 3년간의 배터리 공급 계약을 가지고 있습니다. 이 라인은 95% 이상의 효율로 배터리 금속, 강철, 알루미늄 및 기타 자재를 회수하는 세 개의 자동화 시스템 중 하나입니다.
또한, EVSX는 $356,000의 전환 사채 자금을 확보하였으며, 만기는 1년, 연이율은 25%이며, $0.0625에 주식으로 전환할 수 있습니다.
EVSX, une filiale à part entière de St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF), a terminé l'installation de sa ligne de traitement de batteries usagées multi-chimie à Thorold, Ontario. La ligne a une capacité annuelle de 10 000 tonnes et peut traiter différents types de batteries. L'installation passe aux tests finaux avant une mise en service complète prévue en janvier 2025.
EVSX a déposé une demande d'Approbation de Conformité Environnementale supplémentaire (ECA) pour traiter plus de chimies de batteries, recevant un statut de Révision Prioritaire. L'entreprise détient déjà une ECA existante et un contrat d'approvisionnement de batteries de trois ans avec Call2Recycle. La ligne est l'un des trois systèmes automatisés qui récupèrent les métaux de batteries, l'acier, l'aluminium et d'autres matériaux avec une efficacité de plus de 95%.
De plus, EVSX a obtenu un financement de 356 000 $ par le biais d'une Obligation Convertible d'une durée d'un an et d'un intérêt annuel de 25%, convertible en actions à 0,0625 $.
EVSX, eine hundertprozentige Tochtergesellschaft der St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF), hat die Installation ihrer Mehrchemie-Abfallbatterieverarbeitungsanlage in Thorold, Ontario, abgeschlossen. Die Anlage hat eine jährliche Kapazität von 10.000 Tonnen und kann verschiedene Batterietypen verarbeiten. Die Einrichtung steht vor den abschließenden Tests, bevor die vollständige Inbetriebnahme im Januar 2025 erwartet wird.
EVSX hat zusätzliche Umweltverträglichkeitsgenehmigungen (ECA) beantragt, um mehr Batteriemischungen zu verarbeiten und hat den Status einer prioritären Überprüfung erhalten. Das Unternehmen verfügt bereits über eine bestehende ECA sowie einen dreijährigen Liefervertrag für Batterien mit Call2Recycle. Die Linie ist eines von drei automatisierten Systemen, die Batteriemetalle, Stahl, Aluminium und andere Materialien mit über 95% Effizienz zurückgewinnen.
Darüber hinaus sicherte sich EVSX eine Finanzierung durch eine konvertierbare Anleihe über 356.000 $ mit einer einjährigen Laufzeit und 25% Jahreszins, die zu einem Preis von 0,0625 $ in Aktien umgewandelt werden kann.
- 10,000-tonne annual processing capacity installed
- Secured three-year battery supply agreement with Call2Recycle
- 95% recycling efficiency rate
- Priority Review status received for expanded ECA
- Secured $356,000 in financing through convertible debentures
- High 25% interest rate on convertible debentures indicates expensive financing
- Operations not yet commenced, pending final testing and commissioning
MONTRÉAL, QC / ACCESSWIRE / December 24, 2024 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1), announces that EVSX Corp, its wholly-owned subsidiary, has completed the installation of its multi chemistry waste battery processing line in its facility located in Thorold, Ontario.
The EVSX battery processing line is now moving to final testing prior to full commissioning. This line, with an annual capacity of 10,000 tonnes and capability to process virtually any type of battery, was previously fully commissioned for testing under the supervision of WSP Group PLC before shipping to Canada. The EVSX engineering team is working closely with the manufacturing engineers to ensure a smooth start-up.
EVSX further announces that it has filed an additional Environmental Compliance Approval ("ECA") submission which will permit the processing of a wider range of battery chemistries, more adapted to the line's capability. The submission was approved for Priority Review by the Ministry of the Environment, Conservation and Parks, a critical step in fast tracking ECA approval.
"We are pleased to announce that the installation of our multi chemistry line is now complete and undergoing final testing prior to full commissioning. EVSX holds an existing ECA which permits us to sort and process various battery chemistries under our battery supply agreement, so it's important to note that the new ECA submission to expand battery chemistries will not impact operational startup expected in January 2025." Commented Mr. Ian C. Peres, Chief Executive Officer of EVSX.
EVSX holds an existing ECA and a three-year battery supply agreement with Call2Recycle, a not-for-profit institution responsible for battery collection across Canada and the United States. Advanced discussions are underway to secure a greater range and volume of battery chemistries in 2025.
This line is one of three highly automated multi-chemistry lines that process waste batteries and recover battery metals (black mass), steel, aluminium, paper and plastics and other materials. There is no acid or similar product used in the process and end products are sold downstream for further processing as fertilizer, feed stock and back to the supply chain, with nothing ending up in waste landfill.
EVSX also announces that it has secured a Convertible Debenture ("Debenture") financing for gross proceeds of
ON BEHALF OF THE BOARD OF DIRECTORS
Neha Edah Tally
Corporate Secretary
About EVSX
EVSX holds three highly automated, multi chemistry processing lines that efficiently process and recover critical battery metal elements, steel, aluminium, plastic and other materials used in battery manufacturing, with annual capacity of 10,000 tonnes each, and an industry leading recycling efficiency rate of over
The EVSX plant is ideally situated in Thorold, Ontario (Niagara) within one of the most populated hubs for battery collection and is centrally located covering the largest automotive cluster in North America including Ford, General Motors, Stellantis (formerly Fiat Chrysler Automobiles), etc.
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending Intellectual Property within several highly prospective subsidiaries including: EVSX, a leading North American advanced battery processing and recycling initiative; St Georges Metallurgy, with metallurgical R&D and related IP, including processing and recovering high grade lithium from spodumene; Iceland Resources, with high grade gold exploration projects including the flagship Thor Project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie (CSM) projects on Quebec's North Shore, and Notre-Dame niobium Project in Lac St Jean.
Visit the Company website at www.stgeorgesecomining.com
For all other inquiries: public@stgeorgesecomining.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, general business, economic, competitive, political, and social uncertainties, and uncertain capital markets. Readers are cautioned that actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
SOURCE: St-Georges Eco-Mining Corp.
View the original press release on accesswire.com
FAQ
When will EVSX's battery processing facility in Thorold begin operations?
What is the annual processing capacity of EVSX's new battery recycling line?
What are the terms of EVSX's convertible debenture financing (SXOOF)?
What materials can EVSX recover from battery recycling?
Who is EVSX's battery supply partner and what is the agreement duration?
