EVSX Begins Installation of Its Multi-Chemistry Battery Processing Line

EVSX Starts Installation of its Multi-Chemistry Battery Processing Line

EVSX Begins Installation of Advanced Battery Recycling Line in Ontario

In a significant step towards sustainable battery recycling, EVSX Corp, a subsidiary of St-Georges Eco-Mining Corp., has initiated the installation of a cutting-edge battery processing line at its facility in Thorold, Ontario. This initiative represents a crucial advancement in the company’s efforts to recover critical materials from used batteries efficiently.

### Revolutionizing Battery Recycling

EVSX Corp has embarked on installing a multi-chemistry processing line that is distinguished by its high level of automation and minimal labor requirements. This innovative technology is designed to recover vital battery metal elements, plastics, aluminum, and steel, significantly contributing to the recycling ecosystem.

The processing line exhibits an impressive recycling efficiency rate exceeding 93%. This efficiency not only facilitates the reuse of battery metals but also enables other metals, such as aluminum and steel, to be repurposed. Furthermore, waste materials processed through this line can be transformed into valuable downstream products, including fertilizers and feedstock, enhancing resource circularity.

### Capabilities and Capacity

The newly installed line boasts an annual processing capacity of 10,000 tons and has undergone thorough testing prior to installation. Supervised by the WSP Group PLC, this facility can handle a wide variety of batteries, ranging from alkaline and zinc-carbon to lithium-ion and electric vehicle batteries, including those with unconventional sizes.

A standout feature of the processing line is its adaptability; it can run varying batch sizes to accommodate fluctuations in battery types and volumes. This flexibility ensures that operations can continue smoothly, even with rapid shutdowns and restarts, without the need for extensive retooling.

### Regulatory and Strategic Developments

In addition to the technological advancements, EVSX has secured an Environmental Compliance Approval (ECA) permit, which allows for the processing of alkaline batteries within Ontario—a move that underscores the company’s commitment to regulatory compliance and environmental sustainability. Further solidifying its operational framework, EVSX has established a three-year battery supply processing agreement with Call2Recycle to enhance its battery procurement efforts in 2024.

Ian C. Peres, Chief Executive Officer of EVSX, expressed his confidence in the project:

“This 10,000-ton-per-year line is being installed with a high level of confidence given it was previously fully commissioned at the manufacturer, under the supervision of our independent engineers, WSP Group PLC.”

### Strategic Location and Growth Opportunities

The strategic location of the Thorold plant, situated within the heart of North America’s largest automotive manufacturing cluster, positions EVSX for significant growth opportunities. With automotive giants like Ford, General Motors, and Stellantis in close proximity, EVSX is poised to tap into the increasing demand for sustainable battery recycling.

### Financial and Management Updates

In conjunction with the installation news, St-Georges has announced several financial updates. The company canceled its second tranche of a private placement financing offering priced at $0.06 per unit, as reported earlier this year. Additionally, the Board of Directors has agreed to compensate directors with stock options instead of cash payments.

Leadership changes include Mark Billings stepping down as Chairman but continuing as an independent director. The Chairman position will remain vacant until further notice. The company has also issued 5,500,000 stock options at an exercise price of $0.075, set to expire between November 20, 2026, and November 20, 2029.

### In Closing

The launch of EVSX’s multi-chemistry battery processing line marks a pivotal moment in the pursuit of sustainable battery recycling. With advanced technology, strategic partnerships, and a prime operational location, EVSX is well-equipped to meet the growing demands of the recycling market and contribute to a circular economy for battery materials. This initiative not only positions the company as a leader in the field but also aligns with global efforts to promote environmental sustainability and resource management.

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