St-Georges annonce des progres importants dans son usine pilote de lithium et ses initiatives metallurgiques

Executive Summary

• The consortium (Coalia, LiOH Corp., Métallurgie St‑Georges) received its first ~5 t shipment of Canadian spodumène concentrate and has begun alpha‑beta processing trials for the lithium pilot plant.
• SXM disclosed extensions of several series of stock purchase warrants, lengthening their expiry from 2025–2026 to 2027–2028 while keeping exercise prices unchanged.
• Additional metallurgical projects were highlighted, including nickel‑focused grant applications, bulk sample processing at critical mineral sites (Julie & Manicouagan), and geothermal gold‑equivalent testing in Iceland with material imported for extraction trials.

Key Details

• Spodumène Supply: First delivery of ~5 t Canadian spodumène concentrate received; initial alpha‑beta transformation tests underway.
• Lithium Pilot Plant Goal: Produce lithium nitrate, potentially lithium hydroxide, and value‑added by‑products (alumina, nitrogen‑based fertilizers); data to feed a feasibility study slated for launch by 31 Mar 2027.
• LiOH Corp. Rights: Provides financial support; receives a limited five‑year exclusive license on the technology with option to extend another five years if a commercial plant is built.
• Warrant Extensions:
• 1 Nov 2022 series (2,850,000 warrants) – exercise $0.29, now expires 1 Nov 2027 (60‑month term).
• 18 Nov 2022 series (3,600,000 warrants) – exercise $0.29, now expires 18 Nov 2027.
• 30 Dec 2022 series (5,000,000 warrants) – exercise $0.50, now expires 30 Dec 2027.
• 23 Nov 2023 series (14,259,260 warrants) – exercise $0.175, now expires 23 Nov 2028.
• 20 Dec 2023 series (7,703,700 warrants) – exercise $0.175, now expires 20 Dec 2028.
• Nickel Projects: Ongoing development supported by grant applications with partners Coalia and IGS; focus on metallurgical process supplier collaboration.
• Critical Mineral Bulk Processing: Preparations to commence bulk sample treatment for Julie and Manicouagan projects before year‑end, targeting full extraction of valuable minerals.
• Geothermal Gold Testing (Iceland Resources): Initial assays show Au‑equivalent grades ~67–437 g/t (~14+ oz/ton). Over 200 kg of material imported to Canada for extraction and separation trials.
• Future Feasibility Study: To be initiated by March 2027, covering detailed CAPEX/OPEX analysis to confirm economic viability versus Chinese alternatives.

Notable Quotes

• “La technologie au lithium de SX apportera des avancées majeures à la métallurgie du lithium… permettant au procédé de fonctionner à des coûts inférieurs aux alternatives chinoises.” – Mathieu Boudreau, chef de projet chez Coalia.