09:52:12 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



St-Georges Eco-Mining Corp
Symbol SX
Shares Issued 239,820,928
Close 2023-04-04 C$ 0.175
Market Cap C$ 41,968,662
Recent Sedar Documents

St-Georges unit completes 1st modular recycling plant

2023-04-04 16:17 ET - News Release

Mr. Frank Dumas reports

MANUFACTURING OF EVSX FIRST LITHIUM BATTERY RECYCLING MODULAR PLANT COMPLETED

St-Georges Eco-Mining Corp. has provided an update for its shareholders and stakeholders on the progress of the manufacturing of its battery processing equipment. The first of three battery preparation modular plants has had its 26 sections commissioned and inspected, and has met the requirements for Canadian safety standards, norms and regulations.

The first plant, with a maximum capacity of 7,920 tons per year, was inspected at the manufacturer's site by WSP Engineering on behalf of EVSX, a subsidiary of the company. It is expected to be dismantled and shipped to the company's battery recycling facilities in Thorold, Ont., after the reception of the WSP certification report. The two other plants are almost complete and should be ready for inspection in April.

These three modular plants will have a total capacity of 23,780 metric tons of battery preparation for all types of batteries.

The additional lines will support the focused alkaline battery line of 4,752 metric tons per year and give EVSX a total combined capacity of processing 28,532 metric tons of batteries per year.

While smaller in scale, the initial alkaline battery circuit is designed to accommodate upgrades that could push its production capacity up to 20,000 metric tons annually, as demand requires.

Currently, EVSX is awaiting the reception of its environmental authorization to commence battery processing and receive new batteries shipments.

Other developments

The company is in the process of testing the technology developed by its proposed Italian partners as part of its due diligence process, and is reviewing scenarios to address the influx of battery feedstock associated with this proposed partnership.

The company is actively engaged in discussions with different entities in the battery recycling industry to acquire additional feedstock to process at its Thorold plant. Additionally, discussions regarding technology transfer and collaboration are active with recycling operators in five jurisdictions.

Manicouagan project status

At the time of this press release, the exploration team at Manicouagan had drilled over 879 metres over three holes. A comprehensive update should be expected when more information is available and has been reviewed.

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 and platinum group elements (PGEs) on the Manicouagan and Julie projects on Quebec's North Shore, and has multiple exploration projects in Iceland, including the Thor gold project.

© 2024 Canjex Publishing Ltd. All rights reserved.