Call2Recycle Canada and EVSX, a subsidiary of St-Georges Eco-Mining Corp. (CSE: SX) (OTCQB: SXOOF) (FSE: 85G1) have partnered to efficiently sort and process batteries at an Ontario facility.
The companies announced their memorandum of understanding (MOU) on Monday in which they plan to capitalize on Call2Recycles’ Ontario recycling network and EVSX’s metal recovery and battery recycling technology.
EVSX and Call2Recycle believe the MOU will offer increased battery sorting and processing opportunities with a substantial environmental impact and benefits to the local economy.
The battery processing will take place at the Bioveld Complex near Niagara Falls, a facility operating under the authority of the Thorold Multimodal Hub and Hopa Port Authority. The companies say the location is ideal for their goals to reduce expenditures, carbon emissions and transportation times.
“We’re thrilled to be able to announce this agreement with a great local partner in EVSX, and we’re excited about the many benefits it will bring to the battery recycling ecosystem and to the province of Ontario,” said Joe Zenobio, President of Call2Recycle.
“Our commitment to being a valued partner in Ontario to safely collect and recycle as many batteries as possible in the province has never been stronger,” added Zenobio.
“To have access to a state-of-the-art processing facility locally in the Thorold Multimodal Hub positions us superbly to deliver on that mission, for the benefit of everyone who calls Ontario home.”
CEO of EVSX Enrico Di Cesare added that his company was excited to partner with Call2Recycle and is looking forward to engaging in more initiatives throughout Canada to advance and improve the recycling of batteries in an environmentally sustainable manner.
St-Georges stock increased by 8.33 per cent today to $0.26 on the Canadian Securities Exchange.