St-Georges Eco-Mining Corp.

Corporate Update Redox - Seite 3

 

The total manufacturing costs are expected to be US$1 million for the three units. Transportation, installation, training, and configuration costs should add $1.5 million to the total resources to be expensed. Building and facilities adaptation costs should add $5 million to the total. The Company expects all three industrial plants will be fully operational between the end of 2022 and the first part of 2023, notwithstanding any black swan event.

 

After dispersing any residual charges, the batteries are shredded. Most of the copper, steel, plastic, carbon, and aluminium is segregated and recuperated. These steps leave the different chemistry types of black mass as the end product. Depending on the type of battery, black mass can comprise between 5% to 20% of the total mass and weight. Steel and copper do not require any further transformation to be sold. Aluminium represents a significant part of the batteries, and third parties have indicated that they would be ready to acquire all of the Company's production alongside the carbon reduction credits produced by the process. These third parties are also interested in the carbon recuperated at this stage. This carbon is of different grades and quality, depending on the type of batteries being processed. It can be sold to clients in the steel-making industry or converted into briquettes and anodes to be used by aluminium smelters. This new development allows the Company to avoid sending carbon to landfills. Initial projections show that the stage of the operations should be financially self-sufficient, with the possibility of generating a profit.

 

ON BEHALF OF THE BOARD OF DIRECTORS

"Frank Dumas"

FRANK DUMAS

Chief Operating Officer & Director

 

About AraBat S.R.L.

AraBat is a circular economy start-up that has implemented "the most cost-effective and sustainable lithium batteries recycling process in the world". Our innovative hydrometallurgical technology allows to recycle spent lithium batteries through the use of agri-food waste and recover their precious metal compounds (lithium, cobalt, manganese, nickel, others) without polluting. Our circular business is based on the offer of the strategic recycling service to the batteries manufacturers and the sale of the critical raw materials we recover. Our company is also involved in the development of other circular processes, the production of renewable energy and consultancy activities in the field of the green economy. Sustainability and circular economy are fundamental values in AraBat's corporate strategy.