Lithium Hydroxide Processing Equipment Manufacturing Completed

Rhea-AI Summary

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF, FSE:85G1) announced the completion of an industrial electrolysis unit by DeNora, tailored to its specifications. This equipment may be integrated into a pilot plant or production site, with installation anticipated for early February 2023. Alongside this, the company has secured agreements with geothermal energy producers in Iceland for mineral material collection for research, marking a significant milestone after a decade of negotiations. These developments are crucial for advancing their lithium processing and battery recycling initiatives.

Positive

• Completion of an industrial electrolysis unit by DeNora, enhancing lithium processing capabilities.
• Agreements with geothermal energy producers in Iceland to collect mineral material for research, potentially increasing revenue.

Negative

• None.

MONTRÉAL, QC / ACCESSWIRE / October 31, 2022 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is pleased to disclose that it has received confirmation from DeNora that the manufacturing of the industrial electrolysis unit built to Company specifications is completed.

The small industrial unit might be initially added to the Company's contracted pilot plant or directly to one of the production locations that management has identified and is in the process of securing. Certification, permitting, and importation permits should be obtained in the near future and shipping from Japan to Canada is being organized.

The equipment should be ready to be installed and tested around the first week of February 2023. It should be operational in the weeks following the installation.

Efforts to adapt the best membranes to the equipment will be initiated following the installation of this initial electrolysis circuit. This circuit will be at the core of Phase 2 of the lithium-from-hard-rock-and-sediment processing and production and Phase 3 of the recycling of batteries that have lithium as their dominant chemistry.

Iceland Energy Producers

The Company is also pleased to disclose that agreements are now in place with different geothermal energy producers from Iceland that allow for the collection of mineral material from their well operations for research purposes. Approximately 200 kg of this material was received by the Company's contracted metallurgical laboratories research facility in Québec this week.

"(…) the initiative being activated now is the culmination of over a decade of negotiations and efforts aimed at the regulators, energy producers, and stakeholders in Iceland (…) it has been the motivation for our ventures in Iceland from the beginning (…) if we can identify economic values in the holding ponds and effluent from the geothermal wells and then achieve favorable recovery, then this has the potential to add important revenues and value to Iceland Resources' operations (…) We are proud of the numerous recent achievements from our team in Iceland (…)" commented Herb Duerr, St-Georges' President & CEO.

ON BEHALF OF THE BOARD OF DIRECTORS

"Enrico Di Cesare"

ENRICO DI CESARE
Chief Executive Officer of EVSX
VP of R&D & 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/723007/Lithium-Hydroxide-Processing-Equipment-Manufacturing-Completed

FAQ

What is the significance of the new electrolysis unit for St-Georges Eco-Mining Corp. (SXOOF)?

The new electrolysis unit is crucial for advancing lithium processing and could enhance the company's production capabilities.

When is the electrolysis unit expected to be operational for St-Georges Eco-Mining Corp. (SXOOF)?

The electrolysis unit is expected to be operational around late February 2023 after installation.

How does the agreement with Icelandic energy producers affect St-Georges Eco-Mining Corp. (SXOOF)?

The agreements allow St-Georges to collect mineral material for research, which could lead to additional revenue and enhance operations in Iceland.

What are the main business developments reported by St-Georges Eco-Mining Corp. (SXOOF) in the recent PR?

The main developments include the completion of the electrolysis unit and agreements with geothermal energy producers for mineral collection.