- EVSX, a subsidiary of St-Georges Eco-Mining (CSE:SX), has launched Ontario’s newest battery processing facility with Call2Recycle Canada, which has recycled more than 45 million kilograms of batteries across Canada since 1997
- The facility in Thorold, Ontario, will recycle batteries at a rate of 4,200 tons per year collected from Call2Recycle’s recycling program in Ontario and other provinces
- St-Georges Eco-Mining develops new technologies to solve environmental problems in the mining sector, including metal recovery and full-circle battery recycling
- Despite as much as a 54 per cent pop on the news, shares of St-Georges Eco-Mining have given back 46.43 per cent year-over-year and 37.50 per cent since 2019
EVSX, a subsidiary of St-Georges Eco-Mining (CSE:SX), has launched Ontario’s newest battery processing facility with Call2Recycle Canada, which has recycled more than 45 million kilograms of batteries across Canada since 1997.
The operating facility in Thorold, Ontario, will recycle batteries at a rate of 4,200 tons per year collected from Call2Recycle’s recycling program in Ontario and other provinces, and it is expected to achieve an 87.7 per cent ratio of battery components effectively recycled, the highest for single-use battery recycling in Canada.
The plant will also work with St-Georges subsidiary St-Georges Metallurgy to develop agricultural fertilizer products and monetize black mass, a powder generated from the recovery of certain battery materials.
The news follows a 2022 agreement between Call2Recycle and EVSX to build a battery recycling ecosystem in Ontario, which led to a three-year supply agreement.
Leadership insights
“Call2Recycle is the leader in Ontario’s battery recycling and waste diversion efforts,” Joe Zenobio, president of Call2Recycle Canada, said in a statement. “Partnering with EVSX is a major step in expanding our recycling infrastructure and supports our objectives for ever greater battery recycling efforts in Ontario and all of Canada.”
“The Thorold plant investment is the stepping stone for EVSX’s battery recycling strategy, and we deeply appreciate Call2Recycle’s support in advancing it,” added Enrico Di Cesare, EVSX’s chief executive officer. “We are committed to continue expanding our operations to reach a 100 per cent recovery of all battery components recycled in our facility.”
About St-Georges Eco-Mining
St-Georges develops new technologies to solve environmental problems in the mining sector, including metal recovery and full-circle battery recycling. The company also explores for nickel, platinum group elements and other strategic and critical minerals in Quebec and Iceland.
St-Georges Eco-Mining (CSE:SX) is up by 36.36 per cent, trading at C$0.075 per share as of 12:23 pm ET. Despite Wednesday’s pop, which reached as high as 54 per cent, the stock has given back 46.43 per cent year-over-year and 37.50 per cent since 2019.
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(Top photo of EVSX and Call2Recycle Canada’s battery processing facility in Thorold, Ontario: St-Georges Eco-Mining)