St Georges Eco Stock Price, News & Analysis

St-Georges Eco-Mining Corp. (SXOOF) has reported initial assay results from its metallurgical sampling program at an Icelandic geothermal power plant. This initiative, in collaboration with a local energy producer, aims to recover valuable metals from geothermal fluids. Key assay highlights include up to 12.65% copper, over 30% zinc, up to 353 g/t gold, and up to 5,960 g/t silver. A total of 26 samples were collected and analyzed, demonstrating the potential for sustainable mineral recovery. CEO Thordis Bjork Sigurbjornsdottir emphasized the significant values present in Iceland's geothermal systems, while COO Frank Dumas highlighted the culmination of years of effort to access these resources. The findings suggest high potential for environmentally friendly mining practices, with further exploration planned.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) has reported significant progress in the manufacturing of its battery processing equipment. The first of three modular plants has passed inspection, meeting Canadian safety standards, with a processing capacity of 7,920 tons per year. Once certified, this plant will be shipped to Thorold, Ontario. The total capacity for the three plants will reach 23,780 metric tons, with potential upgrades for alkaline battery production up to 20,000 metric tons annually. The company is awaiting environmental authorization to start processing batteries. Other development efforts are ongoing with various partners in the battery recycling industry.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) has resumed drilling at the Manicouagan Critical and Strategic Minerals Project, following an 11-hole program that totaled 1,804 meters in late 2022. Recent airborne magnetic surveys identified potential new mineralization targets, including a possible impact crater with dimensions of approximately 2.6 km by 3.5 km. Ground EM surveys are now ongoing, with new drilling targeting priority sites. The company has updated its geological model, indicating that previous drill orientations may have missed mineralization. Additionally, George M. Yordanov has joined the team as project manager, and a market awareness campaign is set to launch soon.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) has filed a provisional patent for a revolutionary lithium processing technology utilizing spodumene. The process boasts a 92% recirculation rate of nitric acid, enabling zero waste lithium production and significant cost savings. It achieves 98% lithium recovery with 99% purity in lithium hydroxide crystals and allows for the processing of various feedstocks. An engineering study for a lithium production plant is underway with WSP, and discussions with three potential clients for spodumene concentrate are in progress. The technology also enhances battery recycling operations, showing improved recovery rates.

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.