Battery Processing Operations Authorized by the Government of Ontario

THOROLD, ON / ACCESSWIRE / March 25, 2024 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is delighted to announce that its wholly owned battery recycling subsidiary, EVSX Corp., has received the Environmental Compliance Approval for its battery processing plant in Thorold, Niagara Region, Ontario. EVSX had sought the Ministry of the Environment, Conservation and Parks' authorization for a waste transfer and processing site for the receipt, transfer, and processing of waste alkaline batteries.

The Company currently has one industrial line installed, allowing for the initial processing of 4,200 tons per year of alkaline batteries that could result in up to approximately 3500 tons of manganese/zinc crude blackmass production annually.

The environmental compliance approval issued to EVSX by the Ministry is subject to certain terms and conditions, including, but not limited to, provisions regarding potential changes of ownership in the future, site visits and inspections, data collection, record keeping and reporting, complaint management, training, spill response and reporting, and the obligation to present a plan for site closure four months in advance, if the Company decides to move its operations in the future.

Some provisions are more restrictive; these sections of the environmental compliance approval are as follows:

Financial Assurance

1. The Owner shall maintain financial assurance, as defined in Section 131 of the Act, in the amount of one hundred ten thousand one hundred seventy-five dollars and zero cents (CAD 110 175). This financial assurance shall be in a form acceptable to the Director and shall provide sufficient funds for the analysis, transportation, Site clean-up, monitoring and disposal of all quantities of waste on the Site at any one time.

2. Commencing on March 31, 2029 and at intervals of five (5) years thereafter, the Owner shall submit to the Director, a re-evaluation of the amount of financial assurance to implement the actions required under Condition 7.1. The re-evaluation shall include an assessment based on any new information relating to the environmental conditions of the Site and shall include the costs of additional monitoring and/or implementation of contingency plans required by the Director upon review of the closure plan and annual reports. The financial assurance must be submitted to the Director within ten (10) days of written acceptance of the re-evaluation by the Director.