Lithium and other

Lithium and Other

St-Georges is working with non-conventional resources, such as clays, and working on ways to concentrate and reduce the environmental impact while unlocking the valuable content of the material.

Most notably is the Iconic Minerals development.

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Technical agreement with Iconic Minerals TSX.v:ICM

License agreement using St-Georges perpetual technologies and its future improvements.

ICM will pay St-Georges:

  • Invest by way of a private placement $100k (Done);
  • 5 million common shares issued in stages;
  • A perpetual Net Revenue Interest Royalty (NRI) of 5% on all minerals produced on sites licensed with SX technologies in the state of Nevada;
  • All shares escrowed for 36 months.

The Bonnie Claire Deposit

  • Potentially a deposit of inferred resource of 28.584 billion kilograms.
  • Located in Nevada, USA and the resource is open in all directions.
  • 35km2 of the licensed area.
  • Initial testing by St-Georges team is positive and promising.
  • St-Georges’ metallurgists have successfully separated all particles under 5 microns where most of the lithium resides.
  • Metallurgists have set their objectives to a minimum steady 4:1 concentration in order to consider this stage of process development successful.

The Company has done a similar technology agreement with HIPO Resources. For more information, see related Press Release.