Mr. Ian Peres reports

EVSX SECURES NEW THREE-YEAR BATTERY SUPPLY AGREEMENT

St-Georges Eco-Mining Corp. has signed a new battery supply agreement for its battery processing in EVSX Corp., a wholly owned subsidiary, with facilities located in Thorold, Ont.

EVSX has entered into a significant new, three-year supply agreement with Call2Recycle Canada Inc., which includes a multiple-fold increase in volumes (over the 2024 alkaline agreement) and an expansion of the breadth of battery chemistries to now include virtually all battery types available from Call2Recycle.

"Our multichemistry line has significantly improved Ontario's capacity as a processor of batteries at the end of their useful life, with 12,500 tonnes of new capacity in one of the most populated hubs in the country for battery collection and processing. We are pleased to now work together with Call2Recycle to improve the volumes of batteries collected in North America and processed in Ontario," stated Ian C. Peres, president and chief executive officer of EVSX.

"We are excited to see EVSX expand their operations in Thorold," said Joe Zenobio, president and chief executive officer of Call2Recycle. "This expansion marks a significant milestone in our commitment to reducing our environmental footprint and supporting the local economy. With this new multichemistry processing line, EVSX will be able to recycle essential battery chemistries like lithium-ion, helping to reduce waste and advance the circular economy."

The revenue payout on this agreement varies based on battery chemistry. Certain chemistries include tipping fee revenues paid to EVSX by Call2Recycle, whereby EVSX owns all recovered materials and realizes additional revenues from the sale of the black mass (battery metals). Other chemistries include no tipping fee revenues, given the high value of the black mass, whereby EVSX pays Call2Recycle a portion of the revenues from the sale of the recovered black mass to EVSX commodity partners. The pricing is subject to periodic adjustment such as annual CPI (consumer price index) and commodity price fluctuations. The specific pricing details are subject to non-disclosure, pursuant to the terms of the agreement.

EVSX has also negotiated a provision with Call2Recycle in exchange for increased battery supply volumes to bring the multichemistry processing line to full capacity over the next year. This provision includes combined reporting of total battery volumes and chemistries but does not include any element of profit sharing and does not restrict or constrain battery supply agreements independently sourced by EVSX.

The multichemistry processing line is state of the art and highly automated and requires minimal labour to efficiently sort and recover critical battery metal elements, plastics, aluminum, steel and other materials used in battery manufacturing. The multichemistry line does not utilize any solvents and all recovered materials are repurposed downstream back into the supply chain, with nothing to landfill. The multichemistry line can process any type of battery such as alkaline, zinc carbon, nickel-cadmium, lithium-iron-phosphate (LiFePO4) and electric vehicle batteries.

About EVSX Corp.

EVSX operates a state-of-the-art multichemistry battery processing line, with capacity of 12,500 tonnes per year, that efficiently sorts and fully recovers critical battery metals, aluminum, steel, copper and other materials used in batteries and repurposes the materials downstream back into the supply chain with nothing to landfill. EVSX holds relevant regulatory permits and a three-year battery supply agreement with Call2Recyle and is expanding its battery supply partners.

The EVSX plant is ideally situated in Thorold, Ont. (Niagara), within one of the most populated hubs for battery collection and is centrally located covering the largest automotive cluster in North America, including Ford, General Motors and Stellantis (formerly Fiat Chrysler Automobiles).

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 and recycling initiative; St-Georges Metallurgy, with metallurgical R&D (research and development) and related IP (intellectual property), 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 Quebec exploration projects, including the Manicouagan and Julie critical minerals projects on Quebec's North Shore and the Notre-Dame niobium project in Lac Saint Jean.

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