St-Georges Eco-Mining Corp Faces Legal Challenge Seeking Receivership of EVSX Corp

MONTRÉAL, September 2, 2026, St-Georges Eco-Mining Corp., a leading player in the eco-mining sector, announced that its wholly owned subsidiary, EVSX Corp., has been served with a legal application in Ontario Superior Court of Justice. A group of investors has filed the application, seeking among other things, the appointment of a receiver over the assets and undertaking of EVSX Corp. The court hearing is set for September 10, 2026.

St-Georges and EVSX are currently reviewing the legal documents and intend to vigorously oppose the relief sought. The company maintains that a court-appointed receivership is unnecessary and not in the best interests of EVSX, its stakeholders, customers, employees, creditors, and shareholders.

In a statement, Mark Billings, Director of St-Georges and Interim President & CEO of EVSX, noted that many of the allegations in the application remain unproven and are disputed. "The Company intends to present its evidence to the Court at the appropriate time," he said.

EVSX continues to advance its restructuring and financing initiatives, with management actively working to strengthen the company's capital structure, reduce liabilities, and preserve key operating assets. The company is confident that these efforts offer a better path forward for all stakeholders than the appointment of a receiver.

"EVSX remains a strategically important asset within our battery recycling and critical minerals platform," Billings added. "Our management team is evaluating various financing, strategic partnership, and operational alternatives aimed at maximizing long-term value."

St-Georges Eco-Mining Corp. remains committed to its continuous disclosure obligations and will provide further updates as developments warrant.

The company's diversified portfolio includes several subsidiaries: EVSX, focused on battery processing; St-Georges Metallurgy, which conducts metallurgical research and development; Iceland Resources, exploring high-grade gold projects; H2SX, developing methane-to-hydrogen technology; and Quebec exploration projects, including nickel, copper, and PGE critical mineral projects.