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St-Georges Platinum and Base Metals ( (TSE:SX) ) has issued an announcement.
EVSX, the battery recycling subsidiary of St-Georges Eco-Mining, has formed a joint venture with Québec-based Voltrinov to expand evaluation, repurposing, and processing of end-of-life EV and micromobility batteries across Ontario and Québec. Voltrinov will manage diagnostic, discharging, dismantling, and hydrometallurgical refining in Québec, while EVSX will shred and process batteries in Ontario to produce black mass for recovery of battery-grade minerals.
The partnership is designed to alleviate recent regional shortfalls in battery recycling capacity in Québec and Eastern Canada and to keep more battery processing local and responsible. It is expected to add full-time jobs in Québec, increase repurposing and processing capacity, and deepen participation in Québec’s battery ecosystem, while leveraging St-Georges Metallurgy’s expertise and access to government-backed programs to advance circular battery value chains and critical minerals recovery.
The most recent analyst rating on (TSE:SX) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on St-Georges Platinum and Base Metals stock, see the TSE:SX Stock Forecast page.
Spark’s Take on TSE:SX Stock
According to Spark, TipRanks’ AI Analyst, TSE:SX is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow). Technicals also detract as the stock trades below key moving averages with negative MACD and weak RSI. Valuation provides limited support because the negative P/E reflects losses and there is no dividend yield data.
To see Spark’s full report on TSE:SX stock, click here.
More about St-Georges Platinum and Base Metals
St-Georges Eco-Mining Corp., through its wholly owned subsidiary EVSX, operates in the battery recycling and critical minerals recovery industry, focusing on end-of-life electric vehicle and multi-chemistry batteries. EVSX runs a ten-thousand-metric-ton-per-year processing plant in Thorold, Ontario, recovering battery metals and materials for reintroduction into the North American automotive and battery supply chains, while Voltrinov provides Québec-based repair, refurbishment, diagnostics, and recycling capabilities for lithium-ion batteries within a circular economy model.
Average Trading Volume: 325,106
Technical Sentiment Signal: Sell
Current Market Cap: C$12.46M
For an in-depth examination of SX stock, go to TipRanks’ Overview page.