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St-Georges Eco-Mining Corp
Symbol SX
Shares Issued 138,408,961
Close 2021-02-17 C$ 0.67
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St-Georges receives offer for plant in Baie-Comeau

2021-02-17 10:48 ET - News Release

Mr. Frank Dumas reports

ST-GEORGES RECEIVES A LETTER OF INTENT & FEASIBILITY STUDY PARTNERSHIP PROPOSAL FROM REGIONAL INDUSTRIAL DEVELOPMENT AGENCY

St-Georges Eco-Mining Corp. has received a formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant in Baie-Comeau, Que., where the company could start its electric vehicle battery recycling operations in 2021.

The letter of intent received on Feb. 16, 2021, from Innovation & Development Manicouagan underlines the local community's support for the installing of St-George's first battery plant. St-Georges has identified a specific site for the recycling battery plant, which is already permitted for similar types of operations. Innovation & Development Manicouagan proposes defining the parameters of the study to encompass all the financial, strategic, technical and environmental aspects of the project. The partners expect to initiate work on the study by mid-March. Furthermore, they will assist the company in all of its negotiations and permitting process with the provincial and local governments.

Paul Pelosi Jr., president of St-Georges' wholly owned EV battery recycling subsidiary, EVSX Corp., commented: "Innovation & Development Manicouagan's intent to partner with St-Georges to complete this feasibility study validates our initiative to recover and recycle key materials from EV batteries in an ecologically sound manner. The team at St-Georges has done an outstanding job of pulling everything together expeditiously -- we are purposefully setting a fast pace, now and in the future, for the development of our battery recycling technology."

St-Georges and EVSX expect to update their shareholders regularly as the project and the final technological development updates are becoming available.

About St-Georges Eco-Mining Corp.

St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry. The company controls all the active mineral tenures in Iceland. It also explores for nickel and platinum group elements on the Julie nickel project and the Manicougan palladium project on Quebec's North Shore.

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