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St-Georges Reports Improved Financial Results for the Six Months Ended September 30, 2025
Thenewswire· 2025-12-01 13:10
Core Insights - St-Georges Eco-Mining Corp. reported a net income of $56,346 for the six months ended September 30, 2025, a significant improvement from a net loss of $1,427,171 during the same period in 2024 [1] - The company's subsidiary, EVSX Corp., generated its first-ever revenue of $55,873 from battery processing operations at its facility in Thorold, Ontario [1][4] - The company has a diversified portfolio of assets and patent-pending intellectual property across several subsidiaries, including advanced battery processing, metallurgical R&D, and high-grade mineral exploration projects [3] Financial Highlights - Net income for the six months ended September 30, 2025, was $56,346 [1] - Total assets amounted to $29,498,376 [4] - Shareholders' equity stood at $22,626,732 [4] - Operating losses were reduced compared to prior periods [4] Operational Developments - EVSX's facility includes one multi-chemistry processing line and one specialized circuit, both of which operated intermittently during the reporting period [1] - St-Georges Metallurgy Corp. recorded revenues of $31,500 in October and $8,180 in November 2025 from the sale of residual materials generated by legacy R&D initiatives [4] - A new high-grade nickel-copper-PGE target zone was identified at the Manicouagan Project and disclosed in November 2025 [4]