St Georges Eco Stock Price, News & Analysis

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) has signed a binding term sheet with Altima Resources Limited (TSX-V: ARH) to produce cheap and clean hydrogen in Canada. This collaboration will leverage H2SX's hydrogen production and nano-carbon technology to convert natural gas from Alberta and British Columbia. Altima will issue 6,000,000 shares to H2SX contingent on performance milestones, including engineering reports. Furthermore, Altima will construct a hydrogen processing facility funded by its operations, and H2SX will receive a 5% NRR under a future Royalty Agreement. The partnership aims to capitalize on low-cost natural gas for hydrogen production, potentially leading to diverse applications.

St-Georges Eco-Mining Corp. has successfully closed a non-brokered private placement financing of 5,000,000 flow-through units, raising $2.05 million at $0.41 per unit. The funds are designated for the Manicouagan Critical and Strategic Minerals Project. Each unit includes one common share and a warrant to purchase another share at $0.50 within 36 months. A finder's fee of $123,000 was paid. All securities are subject to a 4-month hold period. The company wishes all stakeholders a prosperous 2023.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) successfully held its Annual General Meeting (AGM) on December 13, 2022, in Montréal, Québec. The meeting approved all proposed matters with a total of 64,569,148 shares voted, representing 27.81% of the 232,220,928 eligible shares. The company focuses on developing technologies for environmental challenges in mining, including metal recovery and battery recycling. Their exploration projects include nickel and PGEs on the Manicouagan and Julie Projects in Quebec and the Thor Gold Project in Iceland.

Call2Recycle Canada Inc. and St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF, FSE:85G1) have announced a Memorandum of Understanding aimed at enhancing battery sorting and processing in Ontario. This collaboration will utilize St-Georges' EVSX subsidiary at the Bioveld Complex in Niagara to improve metal recovery and battery recycling efficiency. The agreement is expected to deliver significant environmental and economic benefits by optimizing local operations and reducing the carbon footprint. Both companies emphasize their commitment to fostering a sustainable circular economy.

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF) has announced the acquisition of a location for its battery recycling and processing operations at the Thorold Multimodal Hub in Niagara, Ontario. This strategic move aims to cut transportation time and costs while enhancing local partnerships. EVSX plans to complete its battery sorting and blackmass processing facility by Q2 2023, with potential expansions for lithium processing later. The company has also received hydrolysis equipment from Japan for lithium hydroxide pilot production, positioning it for operational testing in mid-2023.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) announced positive developments regarding its ongoing Manicouagan Drill Program. Drilling commenced on November 21, with six core holes completed over 1,000 meters. Notably, drill hole MN22-03 revealed a sulphide-rich zone, indicating mineralization close to the surface. The project has expanded with an additional 74 claims, totaling 22,388 hectares. Geophysical surveys are set to augment the drilling efforts and enhance mineralization targeting.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) announced updates on its Notre-Dame and Manicouagan Projects. The company mobilized its drilling team for the Manicouagan Project, with drilling set to commence shortly. Additionally, they closed a final tranche of $1.8 million in a flow-through financing, raising a total of $3.225 million, oversubscribing by $725,000. Initial sampling from the Notre-Dame Project indicates promising values in niobium and rare earth elements, warranting further exploration.

St-Georges Eco-Mining Corp. has completed the first tranche of a non-brokered private placement offering, raising up to $1,425,000 at $0.25 per flow-through unit. Each unit consists of one common share and half a warrant, with an exercise price of $0.29. Proceeds will support the Manicouagan Project exploration in Quebec. Notably, the offering was subscribed primarily by institutional investors, with insiders contributing $175,000. The company reported significant drilling results, including a new high-grade mineralization zone, Bob Zone, with dimensions of 270m by 80m and substantial values in nickel and copper.

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF, FSE:85G1) announced the completion of an industrial electrolysis unit by DeNora, tailored to its specifications. This equipment may be integrated into a pilot plant or production site, with installation anticipated for early February 2023. Alongside this, the company has secured agreements with geothermal energy producers in Iceland for mineral material collection for research, marking a significant milestone after a decade of negotiations. These developments are crucial for advancing their lithium processing and battery recycling initiatives.