Lithium Pilot-Plant Service Agreement Executed
Lithium Pilot-Plant Service Agreement Executed
-FOR IMMEDIATE RELEASE-
Montréal, July 10, 2020 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is
pleased to announce that it has executed a pilot-plant service agreement with a Québec-based, publicly
funded laboratory. The agreement allows the Company to have access to a lithium metallurgical
processing pilot plant and start operations of the pilot plant as soon as current test work is completed.
St-Georges Metallurgy Corp., the Metallurgical Research & Development arm of St-Georges Eco-Mining
Corp., now has access to a larger, exceptional, and highly skilled team of scientists with experience and
in-depth knowledge in chemical, mining, met allurgy, and hydrometallurgy domains. The laboratory has,
in the past, done lithium and magnesium pilot plant work.
The infrastructure now in place allows industrial-scale testing and enable s the Company to accelerate its
contribution to its different partners’ research. Consequently, St-Georges will provide the scientific data
required for them to complete their respective feasibility or pre-feasibility studies (PFS/BFS/PEA).
Shareholders should expect more details in a follow-up press release in the coming days.
St-Georges’ lithium extraction technology is now being tested at scale at the refining stage. Current tests
focus on th e scalability of battery-grade purity mater ial production. The Company and its partners are
currently planning additional efforts aimed at the productio n of lithium metals for the new generation of
solid-state batteries. The overall research protocol to t est the direct production of lithium hydroxide
requires the acquisition and the ad aptation of specialized industrial equipment that has already been
identified and is in the process of being evaluated.
St-Georges has notified Iconic Mine rals (TS X-V: ICM) that it will no w be ready to process its bulk
material in short o rder. Both c ompanies have initiated discussions to expand the scope of their original
agreement (Refer to December 18, 2017, Press Release) in order to cover the new lithium metal research
development segment.
Enrico Di Cesare , St -Georges Metallurgy Corp c ommented: “(…) “We are excited to complete this
service agreement (…) In the truly short term, this agreement allows us to keep our focus a nd spend our
energy on the reminder of the process development instead of planning and building facilities. (…) While
it also allows us to continue to work on the latest stages of the bench trials with Co:alia (formerly known
as CTMP) (…) meanwhile, in parallel, we are looking to reach the point of operating the pilot plant and
producing sample s for the industry as quickly as possible . We now have the ability to do tria ls at a
smaller scale and larger scale (…)”
The Company would also like to disclose that it has agreed to take over, from a Québec-based industrial
partner, a Québec government research grant, that will be used towards the lithium and nickel initiative
research with Co:alia (formerly CTMP).
Other Corporate Matters
On July 8, 2020, the Company has agreed to convert all advances, promissory notes and other debt in its
favor owed by ZeU Crypto Networks Inc. into a new convertib le debt instrument having priority on all
other existing debts or debt instrument issued by the Corporation. The conversion price is to be based on
a VWAP of 5 previous days closing with a floor price of CA $ 0.25. The Company will also receive 1
warrant for every unit of $0.25 of debenture. The 2 year warrants execution price is at $0.30 for the first
year and $0.50 for the second year. The total consideration received is for $346,506.64.
BEHALF OF THE BOARD OF DIRECTORS
“Vilhjalmur T. Vilhjalmsson”
VILHJALMUR THOR VILHJALMSSON
President & CEO
About St-Georges Metallurgy Corp.
Created to manage all metallurgical research and development, joint ventures and partnerships and to hold all mineral processing
technology intellectual property and patents, the corporation is a wholly-owned subsidiary of St-Georges Eco-Mining Corp.
About St-Georges Eco-Mining Corp.
St-Georges is developing new technologies to solve some of the most common environmental problems in the mini ng industry.
The Company c ontrols all the active mineral ten ures in Iceland. It also explores for nickel on t he Julie Nickel Pr oject & the
Manicouagan Palladium Project on Quebec’s North. 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 accept responsibility for the adequacy or th e accuracy
of the contents of this release.