12:07:41 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



St-Georges Eco-Mining Corp
Symbol SX
Shares Issued 247,020,928
Close 2023-10-02 C$ 0.065
Market Cap C$ 16,056,360
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St-Georges does not say why stock is down, but ...

2023-10-02 23:40 ET - News Release

Mr. Herb Duerr reports

ST-GEORGES TARGETS PRODUCTION AT BATTERY RECYCLING UNIT

St-Georges Eco-Mining Corp. has confirmed that there is no undisclosed adverse material situation that would explain the decline in the company's stock trading price over the past few weeks.

The company is focusing on putting its battery recycling units into production and is actively looking at monetizing its other core assets. As part of its continuing analysis of its business model, the company continues to evaluate different scenarios, including options, farm-in, sale or spinoff of non-core assets.

"Many of the irons currently in the fire are coming to fruition (...) while most of the resources available to the company are currently deployed in support of our battery recycling unit, EVSX, (...) we also are on track to deliver the [National Instrument] 43-101 reports for the Julie and Manicouagan critical minerals projects and the Thor gold project. (...) We are advancing towards the monetization of the metallurgical discoveries made in the recent year in collaboration with equipment manufacturers and spodumene producers. (...) We are actively working on grant applications that will support the showcase of our lithium nitrate and lithium hydroxide production technology. (...) Alternative financing for H2SX and the reduction of our holding in ZeU are also being worked on in parallel. (...) We are about to see an acceleration of our activities and the delivery of different milestones showing our strategy paying off (...)," commented Herb Duerr, president and chief executive officer of St-Georges.

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 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 has stock listed on the Canadian Securities Exchange under the symbol SX, and its stock 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.

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