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St-Georges Eco-Mining Corp SXOOF


Primary Symbol: C.SX

St-Georges Eco-Mining Corp. develops new technologies to solve some of the common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The Company explores for nickel and PGEs and other strategic and critical minerals on the Manicouagan and Julie Projects on Quebec’s North Shore, for Niobium and Rare Earth Minerals on the Notre-Dame Project in the Lac St-Jean region and has multiple exploration projects in Iceland, including the Thor Gold Project. The Manicouagan Project is located approximately 70 kilometers (km) north of the Manicouagan Crater and 350 km northwest of Baie-Comeau, QC. The Julie Project is located via a 90-minute drive from the deep seaport city of Baie-Comeau on the Quebec North Shore. The Project comprises 294 claims for an area of 16,226.99 hectares. The Notre-Dame Project is located near the municipality of Notre-Dame de Lorette on the northern flank of the Lac St-Jean in Quebec.


CSE:SX - Post by User

Post by Goldtraderon Apr 01, 2022 3:45pm
147 Views
Post# 34568473

SX- critical mineral?

SX- critical mineral?
May also be of great benefit to us? found on gold sites.
Commodity supply: Biden wants to use 'defence production act' for supply of critical minerals
12:26 h | Editorial    
Many countries will step up efforts to reduce their dependence on foreign supply chains in light of recent commodity developments. The US is no exception.

As The Washington Post reports, the US government plans to draw on the Defense Production Act to encourage domestic production of raw materials for clean energy technologies and reduce dependence on other countries. President Biden could issue an executive order as early as this week, according to an anonymous source.

Producers of minerals such as lithium, nickel, graphite, cobalt and manganese could then receive support from the Title III fund of the Defense Production Act. However, loans or direct purchases of these minerals are not envisaged.

The Defense Production Act was passed by Congress in 1950 and signed by President Harry S. Truman during the Korean War. It gave the President the authority to "design national defence programmes and take appropriate measures to maintain and improve the domestic industrial base".

The Defence Production Act gives the president the authority to create, expand or maintain manufacturing capacity for industrial resources, technologies and materials needed to meet national security requirements, according to the US Department of Defence.
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