EVSX Secures New Three-Year Battery Supply Agreement
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.
St-Georges Eco-Mining Corp. (OTCQB:SXOOF) ha annunciato che la sua sussidiaria EVSX Corp. ha ottenuto un nuovo accordo triennale per la fornitura di batterie con Call2Recycle Canada Inc. L'accordo rappresenta una significativa espansione sia in termini di volume che di tipi di chimica delle batterie rispetto all'accordo alcalino del 2024.
Il contratto coinvolge la linea di lavorazione multi-chimica all'avanguardia di EVSX a Thorold, Ontario, con una capacità annuale di 12.500 tonnellate. L'impianto è in grado di trattare vari tipi di batterie, tra cui alcaline, zinco-carbonio, nichel-cadmio, litio-fosfato di ferro e batterie per veicoli elettrici.
La struttura dei ricavi include tariffe di smaltimento per alcune chimiche delle batterie, dove EVSX mantiene la proprietà dei materiali recuperati, mentre altre chimiche prevedono che EVSX condivida i ricavi delle vendite di massa nera con Call2Recycle. I prezzi sono soggetti ad aggiustamenti CPI e fluttuazioni dei prezzi delle materie prime.
St-Georges Eco-Mining Corp. (OTCQB:SXOOF) ha anunciado que su filial EVSX Corp. ha asegurado un nuevo acuerdo de suministro de baterías por tres años con Call2Recycle Canada Inc. El acuerdo representa una expansión significativa tanto en volumen como en tipos de química de baterías en comparación con su acuerdo alcalino de 2024.
El trato involucra la línea de procesamiento multi-química de última generación de EVSX en Thorold, Ontario, con una capacidad anual de 12,500 toneladas. La instalación puede procesar varios tipos de baterías, incluidas alcalinas, zinc-carbono, níquel-cadmio, litio-fosfato de hierro y baterías para vehículos eléctricos.
La estructura de ingresos incluye tarifas de disposición para ciertas químicas de baterías donde EVSX retiene la propiedad de los materiales recuperados, mientras que otras químicas implican que EVSX comparta los ingresos de las ventas de masa negra con Call2Recycle. Los precios están sujetos a ajustes de IPC y fluctuaciones en los precios de las materias primas.
St-Georges Eco-Mining Corp. (OTCQB:SXOOF)는 자회사 EVSX Corp.가 Call2Recycle Canada Inc.와 3년 동안의 배터리 공급 계약을 체결했다고 발표했습니다. 이 계약은 2024년 알카라인 계약에 비해 볼륨과 배터리 화학 유형 모두에서 상당한 확장을 나타냅니다.
이번 거래는 온타리오주 토롤드에 위치한 EVSX의 최첨단 다중 화학 처리 라인을 포함하며, 연간 12,500톤의 용량을 갖추고 있습니다. 이 시설은 알카라인, 아연-탄소, 니켈-카드뮴, 리튬-철-인산염 및 전기차 배터리를 포함한 다양한 배터리 유형을 처리할 수 있습니다.
수익 구조에는 EVSX가 회수된 자재의 소유권을 유지하는 특정 배터리 화학에 대한 처리 수수료가 포함되어 있으며, 다른 화학의 경우 EVSX가 Call2Recycle과 블랙 매스 판매 수익을 공유합니다. 가격은 CPI 조정 및 원자재 가격 변동에 따라 달라집니다.
St-Georges Eco-Mining Corp. (OTCQB:SXOOF) a annoncé que sa filiale EVSX Corp. a sécurisé un nouvel accord de fourniture de batteries de trois ans avec Call2Recycle Canada Inc. Cet accord représente une expansion significative tant en volume qu'en types de chimie des batteries par rapport à leur accord alcalin de 2024.
Le contrat concerne la ligne de traitement multi-chimie de pointe d'EVSX à Thorold, Ontario, avec une capacité annuelle de 12 500 tonnes. L'installation peut traiter divers types de batteries, y compris alcalines, zinc-carbone, nickel-cadmium, lithium-fer-phosphate et batteries de véhicules électriques.
La structure des revenus comprend des frais de traitement pour certaines chimies de batteries où EVSX conserve la propriété des matériaux récupérés, tandis que d'autres chimies impliquent qu'EVSX partage les revenus des ventes de masse noire avec Call2Recycle. Les prix sont soumis à des ajustements de l'IPC et aux fluctuations des prix des matières premières.
St-Georges Eco-Mining Corp. (OTCQB:SXOOF) hat bekannt gegeben, dass ihre Tochtergesellschaft EVSX Corp. einen neuen dreijährigen Batterieliefervertrag mit Call2Recycle Canada Inc. abgeschlossen hat. Der Vertrag stellt eine bedeutende Erweiterung sowohl im Volumen als auch in den Batterietypen im Vergleich zu ihrem Alkali-Vertrag von 2024 dar.
Der Deal umfasst die hochmoderne Multi-Chemie-Verarbeitungslinie von EVSX in Thorold, Ontario, mit einer jährlichen Kapazität von 12.500 Tonnen. Die Anlage kann verschiedene Batterietypen verarbeiten, darunter alkalische, Zink-Kohlenstoff-, Nickel-Cadmium-, Lithium-Eisen-Phosphat- und Elektrofahrzeugbatterien.
Die Einnahmestruktur umfasst Entsorgungsgebühren für bestimmte Batterietypen, bei denen EVSX das Eigentum an den recycelten Materialien behält, während bei anderen Chemien EVSX die Einnahmen aus dem Verkauf von schwarzer Masse mit Call2Recycle teilt. Die Preise unterliegen CPI-Anpassungen und Preisschwankungen bei Rohstoffen.
- Secured new three-year battery supply agreement with multiple-fold volume increase
- 12,500-tonne annual processing capacity in strategic location
- Diversified revenue streams through tipping fees and black mass sales
- Zero-waste operation with all materials being repurposed
- Revenue subject to commodity price fluctuations
- Some battery chemistries require revenue sharing with Call2Recycle
MONTRÉAL, QC / ACCESS Newswire / March 12, 2025 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) announces a new battery supply agreement for its battery processing in EVSX Corp., a wholly-owned subsidiary, with facilities located in Thorold, Ontario.
EVSX Corp. ("EVSX") has entered into a significant new, three-year supply agreement with Call2Recycle Canada Inc. (the "Agreement") which includes a multiple fold increase in volumes (over the 2024 alkaline agreement) and an expansion of the breadth of battery chemistries to now include virtually all battery types available from Call2Recycle.
"Our multi-chemistry line has significantly improved Ontario's capacity as a processor of batteries at the end of their useful life, with 12,500 tonnes of new capacity in one of the most populated hubs in the country for battery collection and processing. We are pleased to now work together with Call2Recycle to improve the volumes of batteries collected in North America and processed in Ontario," stated Ian C. Peres, President & CEO of EVSX.
"We are excited to see EVSX expand their operations in Thorold," said Joe Zenobio, President and CEO of Call2Recycle. "This expansion marks a significant milestone in our commitment to reducing our environmental footprint and supporting the local economy. With this new multi-chemistry processing line, EVSX will be able to recycle essential battery chemistries like lithium-ion, helping to reduce waste and advance the circular economy."
The revenue payout on this Agreement varies based on battery chemistry. Certain chemistries include tipping fee revenues paid to EVSX by Call2Recycle whereby EVSX owns all recovered materials and realizes additional revenues from the sale of the black mass (battery metals). Other chemistries include no tipping fee revenues, given the high value of the black mass, whereby EVSX pays Call2Recycle a portion of the revenues from the sale of the recovered black mass to EVSX commodity partners. The pricing is subject to periodic adjustment such as annual CPI and commodity price fluctuations. The specific pricing details are subject to non-disclosure, pursuant to the terms of the Agreement.
EVSX has also negotiated a provision with Call2Recycle in exchange for increased battery supply volumes to bring the multi-chemistry processing line to full capacity over the next year. This provision includes combined reporting of total battery volumes and chemistries but does not include any element of profit sharing and does not restrict nor constrain battery supply agreements independently sourced by EVSX.
The multi-chemistry processing line ("MC Line") is state of the art, highly automated and requires minimal labor to efficiently sort and recover critical battery metal elements, plastics, aluminium, steel and other materials used in battery manufacturing. The MC Line does not utilize any solvents and all recovered materials are repurposed downstream back into the supply chain, with nothing to landfill. The MC Line can process any type of battery such as alkaline, zinc carbon, nickel-cadmium, lithium-iron-phosphate (LiFePO4) and electric vehicle batteries.
ON BEHALF OF THE BOARD OF DIRECTORS
Neha Tally
Corporate Secretary
About EVSX Corp.
EVSX operates a state-of-the-art multi chemistry battery processing line, with capacity of twelve thousand five hundred tonnes per year, that efficiently sorts and fully recovers critical battery metals, aluminium, steel, copper and other materials used in batteries and repurposes the materials downstream back into the supply chain with nothing to landfill. EVSX holds relevant regulatory permits and a three-year battery supply agreement with Call2Recyle and is expanding its battery supply partners.
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).
About Call2Recycle Canada Inc.
Call2Recycle Canada Inc. is a not-for-profit organization founded in 1997 to protect and preserve the environment by offering safe and efficient collecting and recycling services across a range of batteries and devices, helping obligated producers meet Extended Producer Responsibility regulations across Canada. Thanks to its national scope, Call2Recycle is able to achieve economies of scale across regulated provinces and territories. Over 90 percent of people in Canada reside within a 15-kilometer radius of a Call2Recycle drop-off site (over 12,000 locations), which makes battery recycling convenient and easy. Since inception, Call2Recycle programs have recycled over 55 million kilograms of batteries, keeping them out of local landfills and recovering the valuable materials that can be used to create new products.
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, silver exploration projects including the flagship Thor gold asset; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie Critical Minerals Projects on Quebec's North Shore, and the 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 ACCESS Newswire
FAQ
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