Saturday, July 13, 2024

St-Georges Eco-Mining Corp (CSE: SX) (OTCQB: SXOOF) : Unique Battery Metal Recycling Play to Take Notice of


St-Georges Eco-Mining Corp (CSE: SX) (OTCQB: SXOOF) (FSE:85G1) St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The Company explores nickel & PGEs on the Manicouagan and Julie Projects on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. (Website)

SX is a truly unique company. At its core is the exploration for critical minerals, several tech innovations, recycling, and renewable energy.

The Company combines innovative mining techniques to ensure it maintains and expands ecological mining. Also, it is at the forefront of the recycling of nickel and platinum while minimizing its mining footprint. Investors will see, both in SX and others, the term ‘circular economy–“the way our economies extract, use, then dispose of resources is putting pressure on our natural systems, communities, and public health. This represents a linear economy to investors—it moves straight from resource extraction to waste disposal.”

In a circular economy, nothing is wasted. The circular economy retains and recovers as much value as possible from resources by reusing, repairing, refurbishing, remanufacturing, repurposing, or recycling products and materials.

Point of interest only; According to a report issued in 2020 by the Italian Foundation for Sustainable Development and the COREPLA (National Consortium for the collection, recycling, and recovery of plastic packaging), Italy is the leading country in achieving a circular economy. Ben fatto!

The growth of the circular economy is varied.

The global economy is at a critical crossroads. In 2022, the Deloitte Economics Institute published research that, if left unchecked, climate change could create US$178 trillion in global economic losses between 2021 and 2070.

The global green mining market size is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027 at a compound annual growth rate (CAGR) of 9.9% during the forecast period.

The Global Green Mining Market is expected to grow at a CAGR of 7% during the forecast period 2023 – 2030.

The point is obvious. Companies such as SX are worth taking a serious look at as it is on the cusp of a necessary and, unfortunately, ridiculously huge, and enduring market. While that is sad, the eco-tide has apparently turned to right the ship.

SX Hip Deep in the Circular Economy = a Massive Investment Opportunity

Lack of environmental awareness on the part of suppliers and clients. Economic barriers and access to financing. Technical skills and abilities that still need to be present in the workforce. Presence of waste that is difficult to recycle and transform.

Enter SX.

Let’s look and summarize recent announcements in just the last month.

June 13: Delivery of the first modular industrial recycling circuit capable of processing 7,800 tonnes of battery per year has cleared Canadian customs in Montréal and will be forwarded to the Company’s battery recycling facility in Thorold, Ontario.

May 18; The Company received confirmation from the manufacturer that the circuits were ready for independent testing. As of today, the independent inspection is completed. Management expects to receive the separate engineering certification report from WSP Engineering before the end of May, and the shipping of these circuits will follow in short order.

A private placement of up to gross proceeds of CAD 3,000,000 on May 18, 2023. The company will issue secured convertible debentures in up to three tranches of CAD 1,000,000 each.

May 17 The Company received confirmation from the manufacturer that the circuits were ready for independent testing. As of today, the independent inspection is completed. Management expects to receive the separate engineering certification report from WSP Engineering before the end of May, and the shipping of these circuits will follow in short order.

May 17th Assays are still pending for rhodium, osmium, ruthenium, and iridium.

On May 1, WSP Engineering completed the lithium process’s metallurgical modelling and mass balances. The metallurgical modelling report covers all interactions of gases and elements in the liquids requiring treatment and evaluating components turned into products. 

SX has four business divisions. 

EVSX: Battery recycling, by-products– fertilizer, lithium hydroxide, carbon briquettes and high-grade alumina.

H2SX:  H2SX produces dark green hydrogen using minimal electricity with no carbon emissions. Using natural gas creates hydrogen and battery-grade carbon. It requires no water. H2SX’s technology can transform organic waste, like biogas, into dark green hydrogen and battery-grade carbon. 

Iceland Resources: St-Georges owns multiple mineral exploration licenses in the country and an extensive database of geochemical sampling, geologic mapping, and detailed drilling programs. This historic work provides immense potential for eco-mining with additional potential in geothermal operations for in-situ productions, tailings processing, and hydrothermal effluents. 

SX Metallurgy:  manages all metallurgical research and development, joint ventures, and strategic partnerships, as well as holding all mineral processing intellectual property. It creates, supports, and maintains metallurgical intellectual property for St-Georges and its related companies.

SX should appeal to all investors, given its solid business understanding and development of processes that mitigate and eventually negate mining waste and recycling end-of-life metals. With somewhere between 1 percent critical metals and 90% of steel and aluminum currently recycled, the fallow mining field is open and will grow and increase.I will leave the last word to SX’s CEO Enrico Di Cesare, who commented; “EVSX will finish the summer with a streamlined, optimized, top-of-the-industry battery capacity above 10,000 tonnes per year, the efforts made on automation and the remote control of operations should allow the Company to be highly competitive. Management is now embarking on a marathon of negotiation with Asian and European trade desks and aggregators to increase the number of batteries it can store for processing to increase operational volume, as the initial capacity will exceed all domestic and commercial batteries available on the Canadian marketplace.”

And there you have it. By recycling the past, the future is bright.

Bob Beaty
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For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.

Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)

Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;

‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.

Let’s go.


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