St-Georges Inks Definitive Agreement with Altair
St-Georges Inks Definitive Agreement with Altair
-FOR IMMEDIATE RELEASE-
Montréal, February 12, 2021 – St-Georges Eco -Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE:
85G1) is pleased to announce that St-Georges Eco -Mining Corp. , St -Georges Metallurgy Corp. , and
Altair International Corp. have entered into a License and Royalty Agreement dated February 11, 2021 ,
for Altair to license S t-Georges Metallurgy ’s patent-pending extraction methods and technology in
separation, recovery , and purification of lithium and to act as an agent of St-Georges’ developing
technology in battery recycling.
Pursuant to the License and Royalty Agreement, S t-Georges Metallurgy Corp. will grant Altair a non-
exclusive license to use the Lithium Extraction Technology for any of A ltair’s lithium-bearing prospects
in the United States. In exchange for the license, Altair has agreed to grant SX a 5% net revenue royalty
on all metals and minerals extracted and processed using any of St. Georges methods or technologies.
This royalty w ill apply to all current and future properties in the United States in which Altair has
claims.
In addition, SX will provide Altair with full access to the EV Battery Recycling Technology for the
purpose of Altair acting as exclusive master agent to pro mote the licensing and deployment of th e EV
Battery Recycling Technology. Altair has the right to appoint sub-agents, each of which will enter into an
agency agreement with SX and Altair. In exchange for acting as master agent, SX has agreed to grant
Altair a 1% trailer fee on any royalty recei ved by SX from the licensing of the EV Battery Recycling
Technology to licensees brought by Altair or its sub -agents. SX has also agreed that it will not solicit any
third party with which Altair has initiated discussions to license the EV Battery Recycling Technology or
act as a sub-agent for a period of three y ears from the date that such party initially entered discussions
with Altair. Pursuant to the License and Royalty Agreement, SX and SXM retain all ownership rig hts to
the EV Battery Technology and t he Lithium Extraction Technology, respectively. In addition, SX retains
the right to market, promote, license, and sell the EV Battery Recycling Technology to third parties. The
License and Royalty Agreement may be term inated by mutual written consent of t he parties. This
agreement replaces the parties’ previous agreement, and no add itional payments o r additional share
issuance is to be expected.
Vilhjalmur Thor Vilhjalmsson, St-Georges Eco-Mining Corp.’s President & CEO, commented: “(…) the
parties have worked diligently in reviewing the prior proposed joint-venture partnership (…) St-Georges’
initial work conducted in January on battery recycling has shortened the initially expected timeline of 18
to 24 months to les s than 3 weeks ( …) it has also exposed that the Company ’s current recovery
technology allowed for the recycling of lithium-ion batteries with very little additional research and
development (…) the additional w ork required will generate IP that is mostly derivative and would not
create enough value on its own (…) a licensing and agency agreement allows the part ners to move faster
and leverage the positive development right away (…)”.
St-Georges Eco-Mining Corp. expects to receive independent analysis of the content grades and quality
from the batteries it processed in January in the coming days.
ON BEHALF OF THE BOARD OF DIRECTORS
"Enrico Di Cesare"
Enrico Di Cesare
St-Georges’ Director & President St-Georges Metallurgy
About St-Georges
St-Georges is dev eloping new technologies to solve some of the most c ommon environmental problems in the
mining industry. The Company controls all the active mineral tenures in Iceland. It also e xplores for nickel & PGEs
on the Julie Nickel Project and the Manicougan Palla dium Project on the Québec’s North Shore. Headquartered in
Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF
and on the Frankfurt Stock Exchange under the symbol 85G1
The Canadian Securities Exchange (CSE) has not reviewed and does not a ccept responsibility for the
adequacy or the accuracy of the contents of this release.