St-Georges Secures Future EV Batteries Recycling Plant & Engineering Expertise
St-Georges Secures Future EV Batteries Recycling Plant & Engineering Expertise
-FOR IMMEDIATE RELEASE-
Montréal, April 19, 2021– St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE:
85G1) is pleased to disclose that it has entered a binding term sheet to secure the site and building
for its proposed battery recycling plant in the deep seaport of Baie-Comeau on the Québec North
Shore.
The parties will have 30 days to finalize and execute a long-form agreement conditional on the
positive outcome of the feasibility study already underway. Part of the binding agreement concerns
the access to the engineering expertise that will allow the Company to have trained professionals
working in the facilities from day one of operations planned for later this year.
Important milestone reached allowing equipment vendors to share information
with the newly secured engineering team to accelerate the design of the Baie-
Comeau proposed electric vehicle, or EV, battery recycling plant with a target
phase 1 production capability of 10,000 annual metric tonnes.
The agreement, a long-term lease with an option to buy the targeted plant, was executed on April
16, 2021, and calls for a long-form agreement to be signed within 30 days. Additionally, a long-
form engineering and technical services agreement, with the option to acquire the engineering
firm, Roberge Industries Inc., will be included in the final agreement.
St-Georges will design the battery recycling plant to be modular and preassembled to reduce
construction and installation costs, timelines, and other challenges. The approach is to have a
universal battery recycling plant that can use the procedures for process, safety, and maintenance
anywhere in the world , including maintenance management systems with a technology allowing
real-time auditing and the generation of tradeable carbon credits as well as machine learning
management systems allowing real-time optimization of the process as well as the output based on
market needs.
St-Georges will issue to Roberge Industries Inc. a total of 500,000 common share warrants with
an execution price of $0.75 for two years with a clause to allow the Company to accelerate the
expiration of these warrants if the share price of St-Georges exceeds $1.13 at any time after the 4-
month regulatory hold period.
Mr. Guy Roberge, president of Roberge Industries Inc., commented, “(…) We are flattered by the
confidence put into our capacities and professionalism of our people by EVSX/St -Georges (…)
However, this does not come as a surprise to us as we learned to develop cutting edge engineering
concepts and designs over the years and we are certain that we can deliver on this mandate while
maintaining our highest level of services to our existing clients. (…) Although this is preliminary,
we are excited to join the feasibility study team composed of tier-one industry players, and we will
work diligently to complete the detailed agreement within the next month (…) For us , and most
probably for the whole region, it represents the beginning of an exciting new business that will
propel us into the future (…)”
Figure 1. Regional Overview of the Proposed EV Battery Recycling Plant Site
Herb Duerr, St -Georges’ President , commented, “(…) I am excited that our subsidiary, EVSX
Corp., has obtained its first base of operations for battery recycling within the welcoming
community of Baie -Comeau (…) and the added benefit of partnering with a locally sourced
engineering firm that knows the lay of the land (…) This is a great starting point for EVSX and St-
Georges Eco-Mining (…)”.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANCOIS (Frank) DUMAS
ST-GEORGES’ COO & DIRECTOR
About St-Georges
St-Georges is developing new technologies to solve some of the most common environmental problems in the mining
industry. The Company controls all the active mineral tenures in Iceland. It also explores for nick el & 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 symbol SX, on the US OTC under the Symbol SXOOF and 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 the
accuracy of the contents of this release.