EVSX Batteries Recycling Initiative Progress & Thor Gold Project Updates
EVSX Batteries Recycling Initiative Progress & Thor Gold Project Updates
-FOR IMMEDIATE RELEASE-
Montréal, May 17, 2021– St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE:
85G1), an up -and-coming leader in green energy metals exploration, green te chnologies,
and battery recycling, is pleased to provide an update on the development of the Thor Gold
exploration project in Iceland and disclose s ome significant changes in the advancement of the
proposed battery recycling plant project in Baie-Comeau.
Thor Project Development
St-Georges’ management in Iceland is pleased to report that a first batch of samples from its
resampling effort should arrive in Ireland by thi s Friday, where they will be assayed at ALS
Laboratories’ facilities. The C ompany has be en actively planning, budgeting, and initiating
permitting, for a drilling campaign that is expected to be on par with the exploration campaigns
previously announced for the Company’s Québec projects. Relogging and scanning with the
XRF device for additio nal trace element data from the historical core now in St -Georges’
possession is still underway. T his work coupled with detailed geology and structural analysis
will occupy our team of geologists for another month. It is expected that by the end of the f ield
season, the team will have collected and processed more than 5,000 samples that will be assayed
by ALS in Ireland.
Early results will guide the first phase of the major drilling efforts to be initiated on or around
July 15, 2021.
Proposed Battery Recycling Plant Advancements
The Com pany received important information pertaining to the development of the proposed
battery recycling plant last week. The Company received information regarding the necessity to
conduct a n en vironmental impact public heari ng (Bureau d'audiences publiques sur
l'environnement or BAPE) for the project. The Company is now aware that the first two phases
of construction will not require publi c audiences. It is not expect ed, at this poin t, that it will
require any form of exempt ions to be obtained by the government. This represents an
acceleration of the pace of the project’s future growth by a factor of years.
Consequently, the option s agreements announced on April 19 must be adjusted. The activity
permitting process will now solely be conducted with the local authorities . Due to these
anticipated changes, further adjustments and certain representations and warranties will require
additional time to complete. The parties understand that time is of the essence and both sides are
working diligently to complete and execute these agreements.
Lithium Extraction Process Update
The Company had previously disclosed that it had sourced a pilot -sized industrial electroly sis
unit to add to its pilot plant oper ation. EVSX has since found an existing pilot plant for this item
with experienced personnel. The Company will pursue full-sized equipment once methodology
and specifications have been developed from the pilot plant work. Over the last mo nth, EVSX
has expeditiously organized many strategic partners to fulfill the challenges of lithium recycling
and production from a variety of batteries. This research is being coordinated with many
organizations, with the Key Performance Indicators being divided amongst different groups
based on their core strengths.
ON BEHALF OF THE BOARD OF DIRECTORS
“Herb Duerr”
HERB DUERR
President & CEO
About St-Georges
St-Georges i s develop ing new t echnologies to solve s ome of the mos t com mon environmental prob lems in the
mining industry. The Company controls all the active mineral tenures in Icel and. It also explores for nickel & PGEs
on the Julie Nickel Project and the Manicougan Palladium Project on the Québec’s North Shore. Headquartered in
Montreal, St-Georges’ stock is listed on the CSE under the sy mbol SX, on the US OTC under the Symbol SXOO F
and on the Frankfurt Stock Exchange under the symbol 85G1.
The Canadian Securities Exchange (CSE) has not reviewe d and does no t accept responsibility for the adequacy or
the accuracy of the contents of this release.