Focused on value-adding the whole value chain with the recovery of battery-grade nickel, ferronickel for alloying in the stainless steel industry and recovery of valuable elements such as cobalt.
St-Georges is working on processing nickel and minimizing tailings with solutions to energy challenges.
Samples from Julie and Isoukustouc are now in metallurgical and chemical testing focusing on an eco-friendly approach in relation to fully utilising the commodity within the resource.
Results are expected in Q2 or Q3 2019.
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.
- 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