St-Georges Eco-Mining Reports First Battery Processing Revenue and Return to Profitability
TL;DR
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.
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St-Georges Eco-Mining Corp. announced improved financial results for the six months ended September 30, 2025, reporting net income of $56,346 compared to a net loss of $1,427,171 during the same period in 2024. This financial turnaround coincides with the company's wholly owned subsidiary EVSX Corp. generating its first-ever operating revenues from battery processing activities, recording $55,873 from its Thorold, Ontario facility. The facility, which includes one multi-chemistry processing line and one specialized circuit, operated intermittently during the period while maintaining a full inventory of batteries awaiting processing, supported in part by feedstock partnerships including Call2Recycle.
The company's total assets stood at $29,498,376 with shareholders' equity of $22,626,732, while operating losses were reduced compared to prior periods. These financial results represent a significant milestone for St-Georges as it transitions from research and development phases to initial commercial operations in the battery recycling sector. The Interim Financial Statements and Management's Discussion and Analysis for the six months ended September 30, 2025, are available on SEDAR+ at https://www.sedarplus.ca.
Additional developments during the period included St-Georges Metallurgy Corp. recording $31,500 in October and $8,180 in November 2025 in revenues from the sale of residual materials generated by legacy R&D initiatives. At the Manicouagan Project, a new high-grade nickel-copper-PGE target zone was identified and disclosed in November 2025, indicating continued progress in the company's critical mineral exploration portfolio. These developments demonstrate the company's diversified approach to creating value across multiple subsidiaries and project areas.
The financial results are particularly significant given the growing emphasis on battery recycling and critical mineral supply chains in North America. EVSX's initial revenue generation from battery processing operations validates the company's technological approach and positions it within the expanding circular economy for battery materials. The company's diversified portfolio includes several highly prospective subsidiaries with patent-pending intellectual property across battery processing, metallurgical R&D, gold exploration, and clean technology development. This financial performance suggests the company is reaching important operational milestones that could support further development of its various initiatives.
Curated from NewMediaWire
