Significant Metallurgical Advancement: Moving Toward a New Industry Standard for LiFePO4 Battery Feedstock
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) has announced a significant advancement in its proprietary lithium processing technology. The company's subsidiary, St-Georges Metallurgy Corp., has developed a potential one-step process to produce LiFePO4 battery feedstock without producing lithium carbonate or lithium hydroxide first. This process is expected to have a minimal footprint and costs compared to traditional methods.
Key benefits of the new process include:
- Reduced Capex by over 70% and Opex by 50% compared to competitors
- Mineral recovery rates for lithium from spodumene exceeding 95%
- Environmental leadership with 92% recirculation of nitric acid used
- Scalable solution adaptable to diverse operational needs
The company has entered a collaboration agreement with a phosphoric acid provider and an equipment manufacturer to produce LiFePO4 battery feedstock, with financial support from LiOH Corp and governmental grants.
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) ha annunciato un'importante avanzamento nella sua tecnologia di lavorazione del litio. La sussidiaria dell'azienda, St-Georges Metallurgy Corp., ha sviluppato un potenziale processo in un'unica fase per produrre materia prima per batterie LiFePO4 senza dover produrre prima carbonato di litio o idrossido di litio. Si prevede che questo processo avrà un impatto ambientale e costi minimi rispetto ai metodi tradizionali.
I principali vantaggi del nuovo processo includono:
- Riduzione del Capex di oltre il 70% e dell'Opex del 50% rispetto ai concorrenti
- Tassi di recupero minerale per il litio da spodumene superiori al 95%
- Leadership ambientale con il 92% di ricircolo dell'acido nitrico utilizzato
- Soluzione scalabile adattabile a diverse esigenze operative
L'azienda ha stipulato un accordo di collaborazione con un fornitore di acido fosforico e un produttore di attrezzature per produrre materia prima per batterie LiFePO4, con supporto finanziario da LiOH Corp e sovvenzioni governative.
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) ha anunciado un avance significativo en su tecnología de procesamiento de litio. La subsidiaria de la empresa, St-Georges Metallurgy Corp., ha desarrollado un potencial proceso de un solo paso para producir materia prima para baterías LiFePO4 sin la necesidad de producir primero carbonato de litio o hidróxido de litio. Se espera que este proceso tenga un mínimo impacto y costos en comparación con los métodos tradicionales.
Los beneficios clave del nuevo proceso incluyen:
- Reducción del Capex en más del 70% y del Opex en un 50% en comparación con los competidores
- Tasas de recuperación de mineral de litio de spodumene que superan el 95%
- Liderazgo ambiental con un 92% de recirculación del ácido nítrico utilizado
- Solución escalable adaptable a diversas necesidades operativas
La empresa ha firmado un acuerdo de colaboración con un proveedor de ácido fosfórico y un fabricante de equipos para producir materia prima para baterías LiFePO4, con apoyo financiero de LiOH Corp y subvenciones gubernamentales.
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1)는 자사의 독점 리튬 가공 기술에서 중요한 발전을 발표했습니다. 회사의 자회사인 St-Georges Metallurgy Corp.는 리튬 탄산염 또는 리튬 수산화물을 먼저 생산하지 않고 LiFePO4 배터리 원료를 생산할 수 있는 잠재적인 단일 단계 프로세스를 개발했습니다. 이 프로세스는 전통적인 방법에 비해 최소한의 환경적 영향과 비용을 가질 것으로 예상됩니다.
새로운 프로세스의 주요 장점은 다음과 같습니다:
- 경쟁사에 비해 70% 이상의 Capex 절감 및 50%의 Opex 절감
- 스포듐넨에서 리튬의 광물 회수율이 95%를 초과
- 사용된 질산의 92% 재순환으로 환경적 리더십
- 다양한 운영 요구에 적응 가능한 확장 가능한 솔루션
회사는 LiFePO4 배터리 원료를 생산하기 위해 인산 공급업체 및 장비 제조업체와 협력 계약을 체결했으며, LiOH Corp와 정부 보조금으로 재정 지원을 받았습니다.
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) a annoncé un progrès significatif dans sa technologie de traitement du lithium. La filiale de l'entreprise, St-Georges Metallurgy Corp., a développé un potentiel processus en une seule étape pour produire des matières premières pour batteries LiFePO4 sans que cela ne nécessite au préalable la production de carbonate de lithium ou d'hydroxyde de lithium. Ce processus devrait avoir un impact minimal et des coûts réduits par rapport aux méthodes traditionnelles.
Les principaux avantages de ce nouveau processus incluent :
- Réduction des Capex de plus de 70 % et des Opex de 50 % par rapport aux concurrents
- Taux de récupération de lithium à partir de spodumène dépassant 95 %
- Leadership environnemental avec 92 % de recirculation de l'acide nitrique utilisé
- Solution scalable adaptable aux divers besoins opérationnels
L'entreprise a conclu un accord de collaboration avec un fournisseur d'acide phosphorique et un fabricant d'équipements pour produire des matières premières pour batteries LiFePO4, avec le soutien financier de LiOH Corp et des subventions gouvernementales.
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) hat einen bedeutenden Fortschritt in ihrer proprietären Lithiumverarbeitungstechnologie bekannt gegeben. Die Tochtergesellschaft des Unternehmens, St-Georges Metallurgy Corp., hat einen potenziellen Ein-Schritt-Prozess zur Herstellung von LiFePO4-Batterierohstoffen entwickelt, ohne zuvor Lithiumcarbonat oder Lithiumhydroxid produzieren zu müssen. Es wird erwartet, dass dieser Prozess geringere Auswirkungen und Kosten im Vergleich zu traditionellen Methoden hat.
Die wichtigsten Vorteile des neuen Prozesses umfassen:
- Kapital- und Betriebskosten (Capex) um über 70 % und Betriebskosten (Opex) um 50 % geringer als bei Wettbewerbern
- Mineral-Rückgewinnungsraten für Lithium aus Spodumen über 95 %
- Umweltführerschaft mit 92 % der verwendeten Salpetersäure, die recycelt wird
- Scalable Lösung, die sich an verschiedene betriebliche Bedürfnisse anpassen lässt
Das Unternehmen hat eine Kooperationsvereinbarung mit einem Phosphorsäure-Anbieter und einem Maschinenbauer unterzeichnet, um LiFePO4-Batterierohstoffe herzustellen, mit finanzieller Unterstützung von LiOH Corp und staatlichen Zuschüssen.
- Potential one-step process to produce LiFePO4 battery feedstock, reducing production complexity
- Expected reduction in Capex by over 70% and Opex by 50% compared to competitors
- High mineral recovery rates for lithium from spodumene exceeding 95%
- Environmental improvements with 92% recirculation of nitric acid used
- Collaboration agreement secured with phosphoric acid provider and equipment manufacturer
- Financial support obtained from LiOH Corp and governmental grants for showcase testing
- Technological advancements are still in development phase and not yet proven at industrial scale
- Potential dependence on external funding for showcase testing and scaling up
MONTRÉAL, QC / ACCESSWIRE / September 30, 2024 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1), is pleased to disclose that its wholly owned subsidiary, St-Georges Metallurgy Corp., one of the leaders in mineral processing technologies, has announced a significant advancement in its proprietary lithium processing metallurgical process. The team and its partners now aim to demonstrate the potential of producing LiFePO4 battery feedstock with what is potentially the industry's simplest process flow chart.
St-Georges' patent-pending lithium processing technology produces lithium nitrates from different chemistries of spodumene concentrates and DSO sources. The team has designed a method to move from this stage to LiFePO4 in one stage using phosphoric acid that is not exclusively of battery grade level.
This potential one-step process to produce LiFePO4 without having to produce lithium carbonate or lithium hydroxide first would have an extremely limited footprint and minimal costs compared to what is perceived as the competing industrial process.
Collaboration Agreement
On September 26, management entered into an agreement to collaborate with a phosphoric acid provider and an equipment manufacturer to produce LiFePo4 battery feedstock using the financial resources provided by LiOH Corp. and with a small portion of the significant financial resources from grant money provided by governmental entities that require not to be disclosed at this stage.
The intent is to produce LiFePO4 crystals more cost-effectively and leverage the SX proprietary technology with a better link to the world's future battery material needs. This approach reduces the learning curve and allows faster optimization.
The costs of the showcase testing will be assumed by LiOH Corp, the equipment manufacturer, and a phosphoric acid stakeholder and subsidized by the governmental grant money. The financial resources provided by LiOH Corp. stem from its showcase plant option agreement.
A New Era of Efficiency and Sustainability
After years of rigorous R&D and collaboration with industry partners, St-Georges Metallurgy has developed a novel processing technology that enhances mineral extraction efficiency. This technological leap significantly reduces capital expenditure (Capex) and operational expenditure (Opex) for industrial-scale operations, positioning SXM and LiOH Corp as cost leaders in the field.
This new process makes lithium extraction faster, cleaner, and more scalable, addressing the growing global demand for high-quality lithium nitrates, lithium hydroxides, and LiFePO4 feedstock. Moreover, the process minimizes environmental impact, significantly reducing the carbon footprint and lowering hazardous waste output to zero.
Key Benefits of the New Process
Reduced Costs: The target goal for Capex and Opex is a reduction by more than
Increased Recovery Rates: Mineral recovery rates for lithium from spodumene have reached in excess of
Environmental Leadership: A groundbreaking approach that cuts emissions with the recirculation of
Scalable Solution: From small-scale mining operations to large industrial processes, the new technology should be adaptable to diverse operational needs, ensuring flexibility and scalability. The potential to use lower-lithium-grade spodumene and lower-grade phosphoric acid in the process to produce LiFePO4 feedstock while keeping operational costs low should allow producers to continue to grow during periods in which the pricing of lithium-related battery material is very low.
"(…) Today marks a transformative moment for us and potentially for the broader industry. This metallurgical breakthrough allows us to deliver premium quality LiFePO4 faster, cleaner, and with fewer production steps. Fewer steps lead to lowering costs of a critical element for the EV industry, and eliminating waste streams makes the process greener and also lowers the operating costs (…) we will not only be creating value for our shareholders in the future with this process but also contributing to the advancement of a whole range electric battery ecosystem impacting all its stakeholders, including the renewable energy operations that seek to reduce the costs of their battery banks and regulate the interaction with the electric legacy grid (…)."said Enrico Di Cesare, CEO of St-Georges Metallurgy.
Industry Impact and Next Steps
The implications of this advancement extend beyond immediate cost benefits. With the increasing demand for low-cost lithium-based LiFePO4 across industries such as battery manufacturing and renewable energy like wind and solar, construction, electronics, etc., our partnership is firmly engaged on the path to becoming a strategic North American supplier to critical sectors, enhancing supply chain resilience and reducing dependency on overseas producers and legacy processing methods with larger carbon footprints.
In the coming months, the collaborative partners, including SXM, LiOH Corp, the equipment manufacturer, and the phosphoric acid provider, will focus on scaling up this breakthrough technology in the context of the showcase plant. LiOH Corp and the governmental contributors will shoulder all financial burdens.
Investor Outlook
This breakthrough positions St-Georges at the forefront of innovation in the small-cap resource sector. With improved margins and drastically reduced environmental impact, the Company is well-positioned to capture significant market share, driving long-term value for its investors.
ON BEHALF OF THE BOARD OF DIRECTORS
"Neha Tally"
NEHA TALLY
Corporate Secretary 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 Critical Minerals 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 as SXOOF 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
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.
SOURCE: St-Georges Eco-Mining Corp.
View the original press release on accesswire.com
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