St Georges Eco Stock Price, News & Analysis

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.

St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF) announced results from the 2021 drill program at its 100% owned Manicouagan Project. The press release highlights high assay results, including 5.11 g/t platinum, 18.29 g/t palladium, and significant nickel and copper grades. A new mineralization discovery, the Bob Corridor, has been identified with dimensions of 270 meters in length and 80 meters in depth, open in all directions. Future exploration will target additional areas, with drilling set to resume in October 2022.

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF) announced a partnership with AraBat S.R.L. to advance battery recycling technology in Italy. This agreement aims to develop a plant in Puglia for producing black mass from used batteries. The company is also raising $4.5 million for its Manicouagan Project and another $4 million for battery recycling efforts. Additionally, they expect their three North American battery sorting plants to achieve a combined capacity of 25,000 tonnes annually.

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF) has announced a strategic realignment focusing on the Manicouagan project, battery recycling, and lithium hydroxide production. The company initiated a rebranding effort with BrandBourg and is allocating resources over the next 24 months. In July, it began generating revenue from commercial rent and is set to produce three battery processing units, each capable of processing 8,500 metric tons annually. The total investment for these units is estimated at $7.5 million. The company also plans to file three new patents for lithium and nickel-type batteries.

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF) announced significant findings from its Notre-Dame Project in Quebec. After three weeks of exploration, new pegmatites, including the Patro and Team Zone, were identified, with widths ranging from 2 to 20 meters. A total of 210 samples have been collected for assay analysis, with results pending. The company is also advancing battery recycling initiatives and planning further exploration activities.

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF, FSE:85G1) announced a strategic agreement with Wintech Energy Corp. for access to its green hydrogen technology. This partnership positions Wintech as a shareholder in H2SX, focusing on producing ccH₂™ (cheap and clean hydrogen) without water usage. H2SX acquires non-exclusive and exclusive licenses for territories including Quebec, Ontario, and Nevada. The deal also includes issuing 990,000 common shares and developing a research chair in hydrogen-based fertilizers at Cintech Agroalimentaire.

St-Georges Eco-Mining Corp. (CSE:SX, OTCQB:SXOOF) announced a unanimous board decision on April 12, 2022, to authorize its subsidiary EVSX to proceed with plans for battery recycling and nickel ingot production in Baie-Comeau, Quebec. The company aims to acquire a building and two additional land plots totaling nearly 400,000 square feet. The project's first phase, with a CAPEX of CA$15 million, will feature three processing circuits and is expected to begin operations by year-end. Funding strategies may include equity raising and commercial loans, pending government incentives discussions.