St-Georges Eco-Mining Reports Net Income for First Half of 2025, Marking Significant Turnaround

St-Georges Eco-Mining Corp. has reported improved financial results for the six months ended September 30, 2025, filing its condensed consolidated interim financial statements and Management's Discussion and Analysis. The company announced a net income of $56,346, a significant turnaround from the net loss of $1,427,171 reported for the same period in 2024. This positive shift underscores the company's progress in operational execution and revenue generation within its strategic business units.

A key driver of this financial improvement was the performance of the company's wholly owned subsidiary, EVSX Corp. During the period, EVSX recorded $55,873 in revenue from battery processing activities at its facility in Thorold, Ontario. These revenues represent the first-ever operating income generated by EVSX's processing unit, marking a critical milestone for the company's advanced battery recycling initiative. The Thorold installation, which includes one multi-chemistry processing line and one specialized circuit, operated intermittently during the reporting period. The facility maintains a full inventory of batteries awaiting processing, supported in part by feedstock partnerships including Call2Recycle, indicating a steady pipeline for future operations.

The financial highlights for the six-month period show total assets of $29,498,376 and shareholders' equity of $22,626,732. The company noted that operating losses were reduced compared to prior periods, contributing to the overall net income. Beyond the core financials, St-Georges reported additional developments. St-Georges Metallurgy Corp. (SXM) recorded revenues of $31,500 in October and $8,180 in November 2025 from the sale of residual materials generated by legacy research and development initiatives. Furthermore, at the Manicouagan Project, a new high-grade nickel-copper-platinum group elements (PGE) target zone was identified and disclosed in November 2025, highlighting ongoing exploration progress in critical minerals.

The implications of this announcement are multifaceted for the industry and investors. The transition to net income, however modest, signals potential operational stability and the beginning of commercial viability for St-Georges' technologies, particularly in the competitive battery recycling sector. The first revenues from EVSX validate a segment of its business model and could attract further interest in the company's diversified portfolio of green technology and mineral projects. For the broader critical minerals and recycling industries, St-Georges' progress demonstrates the ongoing development of North American capacity for processing end-of-life batteries, a growing necessity as electric vehicle adoption increases and supply chain security becomes a priority.

The interim financial statements and MD&A for the six months ended September 30, 2025, are available for review on SEDAR+ at https://www.sedarplus.ca. Investors and stakeholders can access these documents to gain a deeper understanding of the company's financial position and management's perspective on operations and future outlook.