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, the Iconic Minerals development.
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 Company has done a similar technology agreement with HIPO Resources. For more information, see related Press Release.