EVSX's management has worked on a complete strategic review of its research & development initiatives related to critical minerals production and recovery. A completed hydrogen production strategy is being developed with synergies to
The initial location proposed for the Company's first commercial showcase plant in
The Company is developing an innovative and industry-disrupting method to produce ready-to-sell nickel ingots from the processing of any type of nickel-cadmium batteries.
EVSX is currently reviewing the front-end operations that result in the recovery of aluminum, steel, copper, and carbon, with the objective to cover operational costs at this stage, leaving the Company with a black mass of nickel, cobalt, and cadmium for which size and recovery data was disclosed in a previous press release disseminated by the Company on
Discussions are underway to secure multi-year access to large quantities of nickel-cadmium batteries and work through the current multi-year backlog of this type of battery currently held in storage.
The feasibility study also covers lithium-iron-phosphate (LiFePO 4 ) battery recycling and recovery. It is expected at this point that the original commercial showcase plant will be using a similar process to convert these batteries into black mass. However, the recovery of these metals will be done at a separate location where the Company expects to deploy its lithium center of excellence.
Partners, as well as potential clients and suppliers, are in discussion with management for this initiative. Locations in Saguenay (
A cost-benefit analysis for alternate locations for the nickel-cadmium operations is also being conducted by the independent firm doing the feasibility study allowing additional flexibility for the Company and maximizing resource deployment.
No significant amount of spent EV batteries will be available on the market in the short term. This was stated in the preliminary report related to the feasibility study in
The EV strategy of the Company is unchanged. The Company will continue to process these batteries in batches as they become available and process the limited quantities at its contracted pilot plant in Val-des-Sources, QC. The now fully commissioned plant should be sufficient for the current volume available and will allow the Company to showcase its capability to industrial partners and clients.
About
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the
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