St-Georges Eco-Mining Reports First Profits as Battery Recycling Unit Generates Initial Revenue

St-Georges Eco-Mining Corp. reported a notable financial turnaround for the six months ended September 30, 2025, with the company posting its first net income of $56,346 compared to a net loss of $1,427,171 during the same period in 2024. This shift to profitability represents a critical milestone for the company as it advances its sustainable resource recovery initiatives, particularly in the emerging battery recycling sector.

The financial improvement was significantly supported by the company's wholly owned subsidiary EVSX Corp., which generated $55,873 in revenue from battery processing activities at its Thorold, Ontario facility. These represent the first recorded operating revenues from EVSX's processing unit, indicating initial commercial traction in the competitive battery recycling market. The Thorold installation includes one multi-chemistry processing line and one specialized circuit, both of which operated intermittently during the period. The facility continues to maintain a full inventory of batteries awaiting processing, supported in part by feedstock partnerships including Call2Recycle.

For investors and industry observers, this development demonstrates that St-Georges' strategic investments in battery recycling infrastructure are beginning to yield tangible financial returns. 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. Additional revenue streams emerged from St-Georges Metallurgy Corp., which recorded $31,500 in October and $8,180 in November 2025 from the sale of residual materials generated by legacy research and development initiatives.

Beyond financial metrics, the company reported exploration progress at its Manicouagan Project, where a new high-grade nickel-copper-PGE target zone was identified and disclosed in November 2025. This discovery aligns with growing global demand for critical minerals essential to the energy transition. 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.

This financial turnaround matters because it validates St-Georges' business model at a time when sustainable resource recovery is gaining economic importance. As governments and industries worldwide push toward circular economy principles, companies that can profitably process end-of-life batteries and recover valuable materials position themselves for long-term growth. The initial revenue from EVSX suggests the company may overcome the commercialization challenges that often plague early-stage recycling technologies. For the broader battery and electric vehicle industries, successful recycling operations like EVSX's could help secure domestic supply chains for critical minerals while addressing environmental concerns about battery waste. The company's diversified portfolio across battery recycling, metallurgical research, and mineral exploration creates multiple pathways for future growth as global demand for sustainable resource solutions intensifies.