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Corporation éco-minière St-Georges Announces Private Placement
Montréal, Quebec — April 1, 2026 — Leads & Copy — Corporation éco-minière St-Georges (CSE: SX) (OTCQB: SXOOF) (FSE: 85G1) plans to conduct a non-brokered private placement of up to 20,000,000 units at a price of $0.05 per unit, for gross proceeds of up to $1,000,000.
Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at an exercise price of $0.075 per share for a period of 24 months following the date of issue. Finder's fees may be paid to certain qualified intermediaries in connection with the financing.
The warrants will be subject to an acceleration clause, according to which, if the volume-weighted average price (VWAP) of the Corporation's common shares on the Canadian Securities Exchange (CSE) is equal to or greater than $0.16 per share for a period of five (5) consecutive trading days, the Corporation may, at its discretion, advance the expiry date of the warrants by giving notice to the holders, following which the warrants will expire no later than thirty (30) days following the date of such notice.
The proceeds from the placement are expected to be used to finance capital expenditures related to operational improvements and the general working capital of the Corporation's battery processing activities within its EVSX Corp. subsidiary, for the completion of a technical report compliant with Regulation 43-101 on the Thor gold project, for the preliminary work required for the independent listing of Iceland Resources, as well as for general working capital needs.
St-Georges develops new technologies and holds a diversified portfolio of assets and pending patent intellectual property within several promising subsidiaries, including: EVSX, a North American initiative in advanced processing of used batteries; St-Georges Metallurgy, with metallurgical research and development and related intellectual property, including high-grade lithium processing and recovery from spodumene; Iceland Resources, with high-grade gold and silver exploration projects, including the Thor gold asset; H2SX, which is developing technology to convert methane into solid carbon and turquoise hydrogen; and exploration projects in Quebec, including the Manicouagan and Julie critical mineral projects on Quebec's North Shore and the Notre-Dame niobium project on Lac St-Jean.