St-Georges Reports Improved Financial Results for the Six Months Ended September 30, 2025
Executive Summary
- St‑Georges Eco‑Mining Corp. filed its condensed consolidated interim financial statements and MD&A for the six months ended September 30, 2025, reporting a net income of $56,346 versus a net loss of $1.43 M in the same period 2024.
- Its wholly owned subsidiary EVSX Corp. generated its first-ever operating revenue – $55,873 – from battery‑processing activities at the Thorold, Ontario facility.
- Additional operational highlights include modest revenues from St‑Georges Metallurgy Corp., and the identification of a new high‑grade nickel‑copper‑PGE target zone at the Manicouagan Project.
Key Details
- Net Income (6M Sep 30 2025): $56,346
- Net Loss (6M Sep 30 2024): $1,427,171
- Total Assets: $29,498,376
- Shareholders’ Equity: $22,626,732
- Operating Losses: Reduced compared with prior periods (specific amount not disclosed).
EVSX Corp. – Battery Processing Revenue
* Revenue recorded: $55,873 for the six‑month period.
Facility: Thorold, Ontario – one multi‑chemistry processing line and one specialized circuit operated intermittently.
Inventory: Full inventory of batteries awaiting processing; feedstock partnerships include Call2Recycle.
St‑Georges Metallurgy Corp. Revenue
* October 2025 revenue: $31,500
* November 2025 revenue: $8,180 (sale of residual materials from legacy RD initiatives).
Manicouagan Project – Exploration Update * New high‑grade nickel‑copper‑PGE target zone identified and disclosed in November 2025.
Filing Availability * Interim Financial Statements and MD&A for the six months ended September 30, 2025 are available on SEDAR+ (www.sedarplus.ca).
Notable Quotes
“The transition from a net loss to profitability underscores the successful execution of our diversified operational strategy, highlighted by EVSX’s inaugural revenue generation,” – Neha Tally, Corporate Secretary, on behalf of the Board of Directors.