St-Georges & EVSX to Produce Hydrogen
St-Georges & EVSX to Produce Hydrogen
-FOR IMMEDIATE RELEASE-
Montréal, November 26, 2021 – St-Georges Eco-Mining Corp. (CSE: SX) (OTCQB: SXOOF) (FSE:
85G1) is pleased to announce that it has, along with EVSX, its battery recycling subsidiary, entered into a
binding term sheet with Wintech Energy Co ltd of Seoul , South Korea and ZeeOne Corporation from
Canada. The executed agreement covers technological development and licensing for the pro duction of
what is referred to as the greenest hydrogen on the market.
The parties agreed to put in place , on or around February 5, 2022, a series of long form agreements that
will cover technological licensing, operations , the set -up of a pilot plant , and further research &
development. EVSX has negotiated the acquisition of an exclusive license for Nevada, Iceland, Québec,
and Ontario and a limited exclusivity for min ing and natural resources for Canada. St-Georges is a co -
signatory and beneficiary of the agreement.
St-Georges’ management expects to be able to deploy multiple hydrogen p roduction units within its
proposed future battery recycling and fertilizer plants. Excess production could be used within St -
Georges’ other verticals like the production of lithium from spodumene or eventually the treatment of
nickel ores, as well as being sold on the market. The partners agreed to evaluate the d eployment of an
initial pilot plant in 2022 in the region around Saint-Hyacinthe in Québec. The pilot plant is expected to
produce synthetic or bio-gas mainly from agricultural waste. Further tests should confirm the possibility
of using EVSX’s remaining battery waste to produce the hydrogen at a commercial level.
Wintech’s microwave plasma technology produces hydrogen using methane without any carbon
emissions. Battery-grade carbon is, in fact, a by-product of its operation, which makes its usage truly
carbon negative.
Jung Cheol Park, CEO of South Korea’s Wintech Energy, commented: "Our microwave plasma
technology, a collaboration between the Korean National Fusion Research Research Institute (NFRI), the
Korea Institute of Energy Research (KIER), Kwangwoon University, Wintech Energy and the Ministry of
Trade, Industry and Energy (MOTIE), is a highly efficient way to convert residues into hydrogen. We are
currently optimizing our technology for 100% green hydrogen production, which means zero greenhouse
gas emissions, high energy efficiency and not requiring the use of fresh water."
Other Developments
Aluminium
EVSX has entered into a confidential agreement with two aluminium producers. The agreemen t
establishes a right of first refus al to buy all the recycled aluminium from EVSX’s proposed battery
recycling operations in Baie-Comeau. It also establishes the terms of collaboration between the parties
that involves access to the partners’ aluminium testing facilities. Management also expects to provide
alumina for quality testing when available.
Pilot Plant
The Company has received its precipitation units and expects to complete its configuration in December
at the CIMMS contracted pilot-plant facilities. These will allow for the pilot operation of a full processing
circuit for material requiring further front-end concentration.
Flow Through Share Offering Financing
St-Georges has rece ived interest f or all of its $5.5 million sh are offering financing announced on
November 11, 2021. The Company ex pects to close in or around the end of next wee k when all
documentation is expected to be completed.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS
COO & Director.
About St-Georges Eco-Mining Corp.
St-Georges dev elops new technologies to solve some of th e most comm on environmental problems in the mining sector,
including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the Julie
Nickel Project and the Manico ugan Palladium Project on Quebec's North S hore and has multiple exploration projects in Iceland,
including the Thor Gold Proj ect. Headquartered in Montreal, St -Georges' stock is listed on the CSE u nder the sym bol SX a nd
trades on the Frankfurt Stock Exchan ge under the symbol 85G1 and on the OTCQB Venture Mar ket for early stage and
developing U.S. and intern ational companies. Companies are current in their reporting and undergo an annual verification and
management cert ification process. Investors can find R eal-Time quotes and market information for the compan y on
www.otcmarkets.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy
of the contents of this release.