SX.CN 🇨🇦
SXOOF 🇺🇸
$0.02 / share
$7M MC
319M o/s
Yesterday, they finally posted a video on X showing that the new battery recycling industrial plant IS OPEN ! Check it out @stgeorgesplat
St-Georges Eco-Mining’s (SX) wholly owned subsidiary EVSX has built a state-of-the-art multi-chemistry battery processing plant in Thorold, Ontario—strategically located in the heart of North America’s largest automotive cluster (Ford, GM, Stellantis) and one of Canada’s densest battery collection hubs. Recent video footage and corporate updates showcase a facility that has evolved far beyond its initial alkaline line: highly automated processing with industry-leading recovery rates (over 90–93% recycling efficiency, nothing to landfill), capacity now in the 10,000–12,500+ tonnes per year range, and recent front-end upgrades (new large-scale hopper, dual shredder, conveyor) delivering a reported tenfold increase in throughput while cutting downtime, labor, and utility costs. 
The plant holds the necessary Environmental Compliance Approvals and municipal zoning for multi-chemistry operations, including lithium-ion and EV batteries. It benefits from a multi-year supply agreement with Call2Recycle (Canada’s leading battery collector) plus expanding feedstock partners, a full inventory of batteries on site, and early processing of significant tonnage across chemistries. Downstream, recovered materials (black mass, steel, aluminum, plastics, copper) re-enter the supply chain; residual streams support fertilizer applications via St-Georges Metallurgy. A recent joint venture with Voltrinov further extends reach into EV and micromobility battery evaluation, discharge, and processing for a closed-loop model in Ontario and Québec.
Yet SX trades at a market capitalization of roughly CAD $6–8 million (share price \~$0.02–0.025, \~319 million shares outstanding). This valuation does not reflect a permitted, operational, scalable industrial asset already generating tip-fee revenue potential and positioned for ramp-up in a sector where battery end-of-life volumes are rising sharply and processing capacity remains constrained in Eastern Canada. Comparable pure-play or regional battery recyclers and processors have commanded significantly higher multiples once commercial scale and offtake visibility are demonstrated.
The disconnect is clear: SX currently prices more like an early-stage explorer than the owner of a de-risked, location-advantaged, multi-chemistry processing platform with proven feedstock access and efficiency gains already executed. As full-scale operations accelerate, additional chemistry volumes flow, black-mass and recovered-metal sales materialize, and the broader critical-minerals/circular-economy narrative strengthens, a meaningful re-rating is a possible outcome. The Thorold plant is no longer a concept—it is a tangible industrial asset whose value is not yet reflected in the market cap.
This should be on your watchlist over the next few quarters as they start to post their first revenues.
DYODD, good luck!