EVSX Starts Installation of its Multi-Chemistry Battery Processing Line
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.
EVSX Corp, una filiale di St-Georges Eco-Mining, ha iniziato a installare una linea di riciclaggio di batterie all'avanguardia nel suo stabilimento di Thorold, Ontario. La linea di lavorazione, altamente automatizzata e multi-chimica, ha una capacità annuale di 10.000 tonnellate e un tasso di efficienza del riciclaggio del 93%. L'impianto può lavorare diversi tipi di batterie, tra cui batterie alcaline, agli ioni di litio e batterie per veicoli elettrici (EV). EVSX possiede un permesso di approvazione di conformità ambientale e ha assicurato un contratto triennale per la fornitura di batterie con Call2Recycle. La posizione strategica dello stabilimento serve il più grande cluster automobilistico del nord America, inclusi Ford, GM e Stellantis.
EVSX Corp, una subsidiaria de St-Georges Eco-Mining, ha comenzado a instalar una línea de reciclaje de baterías de última generación en su planta de Thorold, Ontario. La línea de procesamiento, altamente automatizada y multiquímica, tiene una capacidad anual de 10,000 toneladas y una tasa de eficiencia de reciclaje del 93%. La instalación puede procesar varios tipos de baterías, incluidas baterías alcalinas, de iones de litio y de vehículos eléctricos (EV). EVSX cuenta con un permiso de aprobación de cumplimiento ambiental y ha asegurado un acuerdo de suministro de baterías por tres años con Call2Recycle. La ubicación estratégica de la planta da servicio al mayor clúster automotriz de América del Norte, que incluye a Ford, GM y Stellantis.
EVSX Corp는 St-Georges Eco-Mining의 자회사로서, 온타리오주 토롤드에 최첨단 배터리 재활용 라인을 설치하기 시작했습니다. 이 고도로 자동화된 다중 화학 처리 라인은 연간 10,000톤의 용량과 93%의 재활용 효율성을 가지고 있습니다. 이 시설은 알카라인, 리튬 이온, 전기 자동차(EV) 배터리를 포함한 다양한 배터리 유형을 처리할 수 있습니다. EVSX는 환경 적합성 승인 허가를 보유하고 있으며, Call2Recycle과의 3년 배터리 공급 계약을 체결했습니다. 공장의 전략적 위치는 포드, GM, 스텔란티스 등 북미 최대 자동차 클러스터를 지원합니다.
EVSX Corp, une filiale de St-Georges Eco-Mining, a commencé à installer une ligne de recyclage de batteries à la pointe de la technologie dans son usine de Thorold, Ontario. Cette ligne de traitement hautement automatisée et multi-chimique a une capacité annuelle de 10 000 tonnes et un taux d'efficacité de recyclage de 93%. L'installation peut traiter divers types de batteries, y compris des batteries alcalines, au lithium-ion et de VE. EVSX détient un permis d'approbation de conformité environnementale et a sécurisé un contrat d'approvisionnement en batteries de trois ans avec Call2Recycle. La position stratégique de l'usine dessert le plus grand cluster automobile d'Amérique du Nord, y compris Ford, GM et Stellantis.
EVSX Corp, eine Tochtergesellschaft von St-Georges Eco-Mining, hat mit der Installation einer hochmodernen Batterierecyclinganlage in ihrem Werk in Thorold, Ontario, begonnen. Die hochautomatisierte Multichemieverarbeitungsanlage hat eine jährliche Kapazität von 10.000 Tonnen und eine Recyclingeffizienzrate von 93%. Die Anlage kann verschiedene Batterietypen verarbeiten, einschließlich alkalischer Batterien, Lithium-Ionen-Batterien und EV-Batterien. EVSX verfügt über eine Genehmigung zur Umweltkonformität und hat einen dreijährigen Batterie-Liefervertrag mit Call2Recycle gesichert. Die strategische Lage des Werks bedient den größten Automobilcluster Nordamerikas, zu dem Ford, GM und Stellantis gehören.
- 93% recycling efficiency rate demonstrates superior technology performance
- 10,000-ton annual processing capacity indicates significant operational scale
- Secured Environmental Compliance Approval permit for battery processing
- Established three-year battery supply agreement with Call2Recycle
- Secured financing for line installation and operations
- Strategic location near major automotive manufacturers
- Cancellation of second tranche of $0.06 per unit private placement financing
- Share dilution through $110,000 share-for-debt settlement
MONTRÉAL, QC / ACCESSWIRE / November 28, 2024 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1), is pleased to announce that EVSX Corp, a wholly-owned subsidiary, commenced the installation of one of its three state-of-the-art battery recycling lines at its plant located in Thorold, Ontario.
EVSX's multi-chemistry processing lines are highly automated, and minimal labor is required to efficiently recover critical battery metal elements, plastics, aluminum, steel, and other materials used in battery manufacturing.
The technology boasts an industry-leading recycling efficiency rate of over
This line, with an annual capacity of 10,000 tons per year, was previously fully commissioned for testing under the supervision of WSP Group PLC. The line can process any type of battery, such as alkaline, zinc-carbon, nickel-cadmium, nickel-cobalt-manganese, lithium-iron-phosphate (LiFePO4), and electric vehicle batteries. It can also process irregular materials and batteries deemed too small or resource-intensive for most operators. Functionality includes the ability to run varying batch sizes to support fluctuations in battery volume and type, including rapid shutdowns and restarts without retooling.
EVSX holds an Environmental Compliance Approval ("ECA") permit, issued in May 2024, allowing it to sort and process alkaline batteries in Ontario. EVSX also entered into a three-year battery supply processing agreement with Call2Recycle in 2024.
"(…) This 10,000 ton-per-year line is being installed with a high level of confidence given it was previously fully commissioned at the manufacturer, under the supervision of our independent engineers, WSP Group PLC. The plant is centrally located within a large urban setting and the largest automotive cluster in North America, including Ford, General Motors, and Stellantis (formerly Fiat Chrysler Automobiles). (…) This highly automated line allows us to expand battery chemistry processing, including lithium primary and lithium-ion batteries. (…)," said Ian C. Peres, Chief Executive Officer of EVSX.
EVSX has secured financing to support the battery processing line installation and the start of operations.
St-Georges announces the cancellation of the second tranche of its
The Board of Directors of St-Georges has agreed to compensate directors with annual stock options in lieu of cash payments, effective immediately.
Mr. Mark Billings has stepped down from his position as Chairman but remains an independent director. The Chairman position will remain vacant for the time being.
St-Georges further announces the issuance of 5,500,000 incentive stock options to directors, management, and consultants at an exercise price 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 recovers critical battery metal elements, plastics, aluminum, steel, and other materials used in battery manufacturing, with an annual capacity of 10,000 tons per year and an industry-leading recycling efficiency rate of over
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 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 Québec exploration projects including the Manicouagan and Julie Nickel & Palladium (CSM) Projects on Québec's North Shore, and Notre Dame Niobium Project in Lac St Jean.
Visit the Company website at www.stgeorgesecomining.com
For Regulatory or Media Inquiries Only: Frank Dumas, 514.295.9878
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.
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