Curated News
By: NewsRamp Editorial Staff
December 01, 2025
St-Georges Eco-Mining Reports Profit as Battery Recycling Unit Generates First Revenue
TLDR
- St-Georges Eco-Mining's shift to net income and EVSX's first battery processing revenues signal a competitive edge in sustainable resource recovery.
- The company's financial filing details a $56,346 net income for six months, with EVSX generating $55,873 from its Thorold battery processing facility operations.
- EVSX's battery recycling operations with partners like Call2Recycle contribute to environmental sustainability by reducing waste and recovering valuable materials.
- St-Georges identified a new high-grade nickel-copper-PGE target at its Manicouagan Project while its subsidiaries generate revenue from diverse sustainable technologies.
Impact - Why it Matters
This news matters because it signals the successful commercialization of battery recycling technology at a critical time for the global transition to electric vehicles and renewable energy storage. As demand for lithium-ion batteries surges, efficient recycling processes are essential to secure supply chains for critical minerals like lithium, nickel, and cobalt while reducing environmental impact from mining. St-Georges' financial turnaround and EVSX's first revenues demonstrate that sustainable business models in the circular economy can be profitable, potentially attracting more investment into green technologies. For investors, this represents validation of the company's strategy and could indicate future growth in the rapidly expanding battery recycling market. For consumers and policymakers, it shows progress toward creating a closed-loop system for battery materials, reducing reliance on environmentally destructive mining practices and helping meet climate goals through responsible resource management.
Summary
St-Georges Eco-Mining Corp. (CSE: SX, OTCQB: SXOOF, FSE: 85G1) has announced a significant financial turnaround, reporting a net income of $56,346 for the six months ended September 30, 2025, compared to a net loss of $1,427,171 during the same period in 2024. This positive shift marks a pivotal moment for the company, which operates through several innovative subsidiaries focused on sustainable resource development. The financial statements and Management's Discussion and Analysis are available on SEDAR+, providing transparency for investors and stakeholders interested in the company's progress.
A key driver of this financial improvement is EVSX Corp., the company's wholly owned subsidiary, which generated its first-ever revenues from battery processing operations. During the reporting period, EVSX recorded $55,873 in revenue from activities at its Thorold, Ontario facility, where it operates a multi-chemistry processing line and a specialized circuit. The facility maintains a full inventory of batteries awaiting processing, supported by feedstock partnerships including Call2Recycle. This milestone represents a crucial step in establishing EVSX as a leading North American advanced battery processing and recycling initiative, contributing to the circular economy for critical materials.
Beyond EVSX's breakthrough, St-Georges reported additional positive developments across its diversified portfolio. St-Georges Metallurgy Corp. (SXM) generated revenues from the sale of residual materials from legacy R&D initiatives, while at the Manicouagan Project, a new high-grade nickel-copper-PGE target zone was identified. The company's total assets stand at $29,498,376 with shareholders' equity of $22,626,732, reflecting a strengthened financial position. These operational achievements, combined with reduced operating losses, demonstrate St-Georges' progress in commercializing its technologies and advancing its exploration projects, including high-grade gold projects in Iceland and critical mineral projects in Quebec.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, St-Georges Eco-Mining Reports Profit as Battery Recycling Unit Generates First Revenue
