EVSX Secures Ontario Location for Battery Recycling

Rhea-AI Summary

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF) has announced the acquisition of a location for its battery recycling and processing operations at the Thorold Multimodal Hub in Niagara, Ontario. This strategic move aims to cut transportation time and costs while enhancing local partnerships. EVSX plans to complete its battery sorting and blackmass processing facility by Q2 2023, with potential expansions for lithium processing later. The company has also received hydrolysis equipment from Japan for lithium hydroxide pilot production, positioning it for operational testing in mid-2023.

Positive

• Secured a strategic location in Ontario for battery recycling, reducing transportation costs.
• Completion of modular plants expected by mid-2023, enhancing operational capacity.
• Received hydrolysis equipment for lithium hydroxide production, facilitating future growth.

Negative

• None.

MONTRÉAL, QC / ACCESSWIRE / December 5, 2022 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is pleased to announce that EVSX has secured the location for its Ontario battery recycling and battery mineral processing operations within the Bioveld Complex under the umbrella of the Thorold Multimodal Hub and the Hopa Port Authority in Niagara, Ontario. This location ties into the Company's strategy to reduce transportation time and costs while expanding potential local synergies. EVSX has also completed the Canadian Standard Association standard independent review for its battery recycling modular industrial plants, allowing operations in Canada.

EVSX Ontario Plant

Located within the Thorold Multimodal Hub, in the heart of Niagara, Canada, the facility will host the Company's battery sorting and blackmass processing operation with a full modular plant by the end of Q2 2023. A second modular circuit is expected to be added later in 2023. Management is reviewing the potential to use available space to host its lithium Center of Excellence to process blackmass from batteries and produce lithium hydroxide from hard rock concentrates. The complex will allow the Company to grow and leverage synergistic regional relationships.

HOPA Ports manages the facility through its subsidiary Great Lakes Port Management. The Hub features infrastructure to reduce transportation costs and boost efficiency, with integrated, multimodal connections on site. https://www.thebmigroup.ca/project/bioveld-canadahttps://www.hopaports.ca/new-multimodal-hub-on-the-welland-canal-a-major-step-forward-for-industry/

Picture 1: The Thorold Multimodal Hub

EVSX Modular Industrial Plants Progress Update

Two of the three modular industrial plants commissioned have passed CSA certification independent review. They will be finalized for delivery and inspection at the manufacturer by the end of the year. Management has retained the services of a tier-one engineering firm that will be on site for the live testing of the modular plants. They will advise on the units' conformity prior to ownership transfer. The units will then be dismantled and shipped to North America. The Company expects the units to be in Canada in the middle of 2023 and ready for operational testing within 45 days of their clearance by the Canada Border Services Agency. The third circuit would follow the same process and be delivered and operational within 60 days of the initial two.

Equipment received

The hydrolysis equipment for lithium hydroxide pilot production ordered from Industrie De Nora S.p.A. and shipped from Japan was received in November. The equipment cleared customs and is being prepared for installation.

ON BEHALF OF THE BOARD OF DIRECTORS

‘Frank Dumas'
FRANCOIS (FRANK) DUMAS

Chief Operating Officer & Director of St-Georges Eco-Mining Corp.

About St-Georges Eco-Mining Corp.

St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle battery recycling. The Company explores for nickel & PGEs on the Manicouagan and Julie Projects on Quebec's North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.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.

SOURCE: St-Georges Eco-Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/730014/EVSX-Secures-Ontario-Location-for-Battery-Recycling

FAQ

What is the significance of St-Georges Eco-Mining securing a location in Ontario?

Securing a location in Ontario allows St-Georges Eco-Mining to reduce transportation costs and enhance local synergies for its battery recycling operations.

When is the completion date for the Ontario battery recycling plant?

The battery sorting and blackmass processing facility is expected to be completed by the end of Q2 2023.

What equipment has St-Georges Eco-Mining received for lithium production?

St-Georges recently received hydrolysis equipment for lithium hydroxide pilot production, ordered from Industrie De Nora S.p.A. in Japan.

What are the next steps for the modular industrial plants?

Two of the three modular plants are set for delivery and inspection by the end of 2022, with operational testing anticipated in mid-2023 after clearance.