St-Georges Eco-Mining Corp. reported a net income of $56,346 for the six months ended September 30, 2025, a substantial improvement from a net loss of $1,427,171 during the same period in 2024. This financial turnaround is attributed to the company's expanding operations in critical mineral processing and recycling technologies. A key driver was the generation of the first-ever operating revenues from its battery processing subsidiary, EVSX Corp. During the period, EVSX recorded $55,873 in revenue from processing activities at its facility in Thorold, Ontario. The facility, which includes one multi-chemistry processing line and one specialized circuit, operated intermittently and maintains a full inventory of batteries awaiting processing, supported by feedstock partnerships including Call2Recycle.
The company's total assets were reported at $29,498,376, with shareholders' equity at $22,626,732. Operating losses were reduced compared to prior periods, indicating improved operational efficiency. Additional revenue streams contributed, as St-Georges Metallurgy Corp. recorded $31,500 in October and $8,180 in November 2025 from the sale of residual materials generated by legacy research and development initiatives. Exploration progress was also noted, with a new high-grade nickel-copper-platinum group elements target zone identified and disclosed in November 2025 at the Manicouagan Project in Quebec. The company's interim financial statements and Management’s Discussion and Analysis for the period are available on SEDAR+. Further corporate information can be found on the company website at www.stgeorgesecomining.com.
The shift to profitability, led by initial commercial success in battery recycling, underscores the growing economic viability of circular economy technologies in the critical minerals sector. It reflects broader industry trends toward sustainable resource recovery, positioning St-Georges within competitive North American initiatives for battery processing and recycling. The reduced operating losses and new exploration targets suggest a strengthening foundation for future growth in both recycling and primary mineral exploration. This development matters as it demonstrates a tangible financial model for recycling ventures, which are crucial for reducing environmental impact and securing supply chains for critical minerals like those used in electric vehicle batteries. The implications include potential for scaling operations, attracting further investment in green technologies, and contributing to energy transition goals by making resource recovery more economically sustainable.
