St-Georges Eco-Mining Announces Progress on Battery Recycling and Private Placement

Montreal-based St-Georges Eco-Mining Corp has provided updates on its battery recycling operations in Ontario. The company's subsidiary, EVSX Corp, is ahead of schedule in installing a large-capacity multi-chemistry processing line at its Thorold facility. The move targets a recurring allocation of specialized batteries, which could enable EVSX to expand operationally. Preparations for documentation amendments and collaboration with battery circuit manufacturers are underway. Necessary governmental authorizations have been secured.

St-Georges also announced a $900,000 private placement offering. Up to 15,000,000 units priced at $0.06 each will be issued, consisting of one common share and a half-unit warrant. An additional $300,000 overallocation may be utilized if needed. The offering aims to support permitting modifications, installation, commissioning of new equipment, and operational cash flow. Proceeds may also cover general administrative expenses. Some insiders participated in the offering, classified as a related party transaction under Multilateral Instrument 61-101.