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#ZeU Crypto Networks Retained to Develop Global #Blockchain Infrastructure and Data Mining Components of KinectHub Initiative $SX $SX.ca $SXOOF

Posted by AGORACOM-JC at 12:44 PM on Friday, March 29th, 2019
  • Announced that its subsidiary, ZeU Crypto Networks Inc., has been retained to develop the global blockchain infrastructure and data mining components of the KinectHub initiative of Kinect Corporation
  • KinectHub is a large multi-million-dollar infrastructure project using state-of-the-art technology

Montreal, March 29, 2019 / St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has been retained to develop the global blockchain infrastructure and data mining components of the KinectHub initiative of Kinect Corporation.

KinectHub is a large multi-million-dollar infrastructure project using state-of-the-art technology such as blockchain, distributed storage, anonymity solution and privacy insurances to bring healthcare to third world countries.

The scope of work will be starting with a full use case analysis for 30 days. At the end of this period, a Statement Of Work (SOW) will be delivered and used as a development road-map. This will be followed by the implementation of modular components. The infrastructure will be composed of data layers, including EHR (Electronic Health Records), distributed storage, data privacy solutions. This will need to include solutions to respect legislation of concerned countries.

There will also be Distributed Ledger Technology component including permission based & public blockchain, tokenization and digital wallet solutions. It will also be composed of a data mining layer including, data mining algorithms, powerful search tools, analytics solution to ensure the qualification and structuring of high-quality actionable data. This will eventually be followed by an abstraction sandbox on which Machine Learning & Deep Learning can be ran by either internal or external parties. Finally, there will be a component of point-of-access layer from which end-users will be able to access their health records. As we go, we will use agile development methods to offer flexibility to the changing needs of the industry and/or clients.

This project development is expected to span over at least a year and will be followed by maintenance, Machine learning (ML) & Deep Learning (DL) solutions to maximize the monetization of high-quality structured health data. KinectHub expects to be delivered in countries such as Tanzania, Ethiopia, Sudan, DRC, Cameroon and India. This will cover more than half a billion human beings and will bring benefit of an unprecedented level to these countries. This multi-year multi-million-dollar mandate is expected to start production within 45 days.

Dr. Fenglian (Frances) Xu, a ZeU director and consultant to the company on matters of blockchain application to the health industry, stated “(…) Conquering disease with engagement and data is such a powerful framework for healthcare transformation and innovation. It allows patient engagement on demand to create trust between them and healthcare service providers thus improving the currently barely available healthcare. Patient Electronic Health Record (EHR) data can ensure a more accurate diagnosis and treatment. A collective of large amounts of EHR will allow the discovery of certain types of disease patterns for both treatment and prevention. It is the first time that I see a project that connects both engagement and data capture. I believe that KinectHub is definitely in the right direction and will bring a positive solution to third world countries (…)”.

Jean-Philippe Beaudet, Director & CTO of ZeU commented: “(…) KinectHub is bringing an innovative solution to an endemic problem of healthcare access in third world countries. I believe that pairing data monetization with a humanitarian goal is not only a brilliant idea but a necessity for billions of people around the globe. The technological choices made will ensure that this can be done in an ethical and private way. It is rare that we can see a data driven project with a billion-dollar potential aimed at simply helping real people with something as crucial as health (…)”.

Corporate Update

ZeU Management has been working with its auditors to answer the last list of requests and finalize the financial statements and review of intellectual property required to proceed with its proposed listing on the Canadian Securities Exchange. Management expects that all final documents and listing memorandum should be delivered to the CSE on or before April 15. Furthermore, the company confirms that it has retained the services of Computershare Canada as its Transfer Agent, McMillan LLP as its legal advisors and Dale Matheson Carr-Hilton LaBonte LLP as its auditors. The latter will be subject to confirmation at the first shareholders annual meeting (AGM) expected to be held in early June in Montreal following the listing of the corporation on the Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS

DIRECTOR & COO, ST-GEORGES ECO-MINING

PRESIDENT & CEO, ZEU CRYPTO NETWORKS

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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#ZeU Nomination of Additional Board Member $SX $SX.ca $SXOOF

Posted by AGORACOM-JC at 2:54 PM on Tuesday, March 19th, 2019
  • Announced that its subsidiary, ZeU Crypto Networks Inc., has engaged the services of Doctor Fenglian Xu to serve on its board of directors and to advise the Company in the deployment of its blockchain technology and artificial intelligence initiatives to the healthcare industry.
  • Dr. Fenglian (Frances) Xu is a highly experienced thought leader and innovator with over 20 years of IT experience across various industries, including academic research in medical image processing, financial services, mobile networks and the health industry.

Montreal, QC / March 19, 2019 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has engaged the services of Doctor Fenglian Xu to serve on its board of directors and to advise the Company in the deployment of its blockchain technology and artificial intelligence initiatives to the healthcare industry.

Dr. Fenglian (Frances) Xu is a highly experienced thought leader and innovator with over 20 years of IT experience across various industries, including academic research in medical image processing, financial services, mobile networks and the health industry. She is currently a director of Data Health Intelligent and consulting as the Chief Scientist for the Aladdin Healthcare Technologies. Dr. Xu was instrumental in the delivery of the Hyperledger Composer Solution during her 12-year tenure at IBM. She has a portfolio of data management, business analytics and machine learning experience.

“(…) Hyperledger Composer Blockchain program has enabled me to acquire the experience to identify the needs for blockchain innovation at the core of my specialties of Artificial Intelligence and Big Data in relation with the healthcare industry. The major leap in ZeU technology advancement with respect to BigData on the Blockchain caught my attention and its acquisition of Vn3t, which was until then on my technology watchlist, intrigued me. Any serious commercially deployable Blockchain Healthcare solution will have to handle heavy load of Data and AI active algorithms on the chain while keeping access and clients’ files secured. What was years in the future is now here with ZeU Blockchain Protocol (…)” commented Dr. Xu.

“(…) as we were looking to add depth and first-tier healthcare industry experience to our team, Frances’ (Or should we say Dr. Xu?) integration to our brain pool couldn’t have been timed better at this stage of our development. Our push to deploy artificial intelligence routines on our protocol and our dapps is now within reach with a shorter timeline. We wish to welcome Frances to our team and we are thrilled to put her experience and wealth of contacts to good use immediately (…)”

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS

DIRECTOR & COO, ST-GEORGES ECO-MINING

PRESIDENT & CEO, ZEU CRYPTO NETWORKS.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Copyright (c) 2019 TheNewswire – All rights reserved.

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#ZeU to Provide RNG & #Blockchain Technologies to Gaming Operator $SX.ca $SXOOF

Posted by AGORACOM-JC at 12:43 PM on Friday, March 8th, 2019
  • Announced that its subsidiary, ZeU Crypto Networks Inc., has agreed to provide its patent pending Blockchain Random Number Generator and other related blockchain technologies to St. James House PLC (LSE:SJH),
  • A UK licensed gaming operator, formerly known as BoxHill Technologies, by way of Joint-Venture for the establishment of a blockchain lottery.

Montreal, Quebec / March 8, 2019 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has agreed to provide its patent pending Blockchain Random Number Generator and other related blockchain technologies to St. James House PLC (LSE:SJH), a UK licensed gaming operator, formerly known as BoxHill Technologies, by way of Joint-Venture for the establishment of a blockchain lottery.

Lottery Joint Venture

The binding term sheet entered by the main parties is subject to a definitive contract. The agreement calls for the establishment of a new lottery joint venture with its main license in Malta. The Company’s partner and license operator in this joint venture is St-James House PLC (LSE: SJH).

The Lottery JV will be established as a new company in Malta and will combine St-James’ expertise in regulated lottery management and administration with ZeU’s innovative blockchain-based technology.

St-James House who will act as the lottery operator, will hold a 45% equity interest in the Lottery JV and the other shareholders will be ZeU with 19.9%, St-Georges with 19.9% and the balance with independent investors.

All technology operating costs of the Lottery JV will be met by ZeU and in return, ZeU will charge a service fee that will not exceed 90% of the revenues from the Lottery JV. Profits generated by the Lottery JV will be distributed as a dividend to the shareholders, i.e. ZeU and St-Georges will each receive 19.9% of the expected profits of the Lottery JV by way of a dividend. St. James House will appoint three directors to the Lottery JV and ZeU will appoint one director. St. James House will apply to the Maltese authorities on behalf of the JV for the appropriate licence to operate an online gaming operation.

Additional Consideration

In excess of the 19.9% of the net profits that it will receive and of the revenues generated and of the fees that will be collected for the technology usage, ZeU will receive from St. James House’ new UK Subsidiary, LottoCo, 100,000 non-voting, zero-coupon redeemable preferred shares of a par value of 2 pence (the “Preferred Shares”). The Preferred Shares will be redeemable in 21 years, the redemption price of the Preferred Shares to be fixed within 3 months after the issue of the audited accounts of the Lottery JV for the second year of operations and will be based on an independent valuation report. At the discretion of ZeU, the Preferred Shares may be exchanged on the basis of one Preferred Share for two ordinary shares of 1 pence each in St. James House (“Ordinary Shares”), with notice to be given one day before the preferred shares are due to be redeemed in 21 years, i.e. a maximum of 200,000 Ordinary Shares may be issued.

“(…) This is a first important step for ZeU, without dismissing the potential income derived from the JV, we believe that this lottery operation will allow us to showcase our Random Number Generator technology to the world. Other potential users are currently being approached, from lottery and gambling/gaming operators to financial service industry security software providers. This mandate will initiate the transition of the company from a small R&D operation to a commercial provider of blockchain solutions. We are up for the challenge and I am personally very proud of our team and what we achieved over a relatively short period (…)” commented Frank Dumas, ZeU’s President & CEO.

Important Conflict of Interest Disclosure

Lord Tim Razzall, Director of ZeU, is also the Non-Executive Chairman of St. James House PLC. He has recused himself from Board meetings and resolutions regarding this transaction. Lord Razzall owns less than 1 per cent of the common shares of St-Georges and is not a director of St-Georges.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, DIRECTOR & COO, ST-GEORGES ECO-MINING; PRESIDENT & CEO, ZEU CRYPTO NETWORKS.

Regulatory & Press Contact Only: 514.996.6342

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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#ZeU Acquisition of #Vn3t Assets & Nomination of a Chief Technology Officer $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 5:00 PM on Monday, February 4th, 2019
  • ZeU Crypto Networks Inc., has executed today an asset purchase agreement with VN3T Technologies Inc. and its subsidiaries, collectively “VN3T“, an arm’s length party,
  • Pursuant to which ZeU acquired the key IP of a VN3T’s decentralized data market place platform and secured development services.

Montreal / February 4, 2019 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has executed today an asset purchase agreement with VN3T Technologies Inc. and its subsidiaries, collectively “VN3T“, an arm’s length party, pursuant to which ZeU acquired the key IP of a VN3T’s decentralized data market place platform and secured development services.

VN3T, based in Montreal and Gibraltar, develops, manages, and markets a decentralized data marketplace which allows companies, institutions, and private individuals to buy and sell datasets within a decentralized, encrypted, anonymized, and GDPR-compliant network.

The majority of VN3T data comes from the previous untapped 97% of potentially useful information or “Dark Data.” When entities allow VN3T solutions to crawl their datasets, a matching algorithm identifies any data available that these entities may have which is required by a buyer within the network and attaches a cash value to it.

The IP and the expertise acquired will expedite the development of certain functionalities of ZeU’s blockchain marketplace platform for derivatives developed for Borealis EHF and will allow the integration of the new business segment of data trading in relation with this initiative and other opportunities. It will also generate exclusive tradeable content for Borealis.

The purchase price to be paid by the Purchaser to VN3T for the IP is $150,000, which will be satisfied by the issuance of a debenture of ZeU maturing 2 years from its issuance (the “Maturity Date“), and convertible into common shares (each a “Share“) of ZeU at a price equal to the 5-day VWAP of the Shares on the Canadian Stock Exchange, subject to a minimum of $1.85 (the “Debentures“). In addition, ZeU agreed to retain the services of the VN3T for a gross amount of $60,000 to assist with the development of certain aspects of the IP.

Under the Agreement, VN3T also granted ZeU an exclusive option (the “Option“) to acquire, on or before May 31, 2019, the additional assets for a purchase price of $25,000, which would be satisfied by the issuance to VN3T of a $25,000 Debenture under the same terms and conditions.

Nomination of a Chief Technology Officer

In parallel with this acquisition, ZeU is pleased to welcome Mr. Jean-Philippe Beaudet as a board member of ZeU Crypto Networks Inc. Mr. Beaudet will also take on the position of Chief Technology Officer and, alongside our Chief Architect and our CEO, will help identify blockchain development and deployment opportunities that can be quickly monetized.

Experienced Gaming developer, Jean-Philippe Beaudet launched his career at UbiSoft. He worked and researched natural language processing for Luminary, a private American research lab. Mr. Beaudet cultivated an interest in machine learning and decentralized technology which led him to co-found S3R3NITY Technologies, a technology incubator from which he launched numerous start-ups. Mr. Beaudet was an early enthusiast of blockchain technology and contributed to major projects such as a Bitcoin brokerage platform and a marketing data analytics tool for financial institutions. Seeing the opportunity to marry blockchain technology with artificial intelligence to meet the needs for a decentralized data market he founded VN3T. Jean-Philippe is an advisor on multiple blockchain initiatives and a regular conference speaker. He is also the CEO and CTO of VSekur.

“(…) Jean-Philippe is a natural fit for Chief Technology Officer of ZeU due to his breadth of experience in software management, operations management, human resources management, as well as design and implementation of technological pipelines. He is the perfect addition to many ongoing projects that we are currently working on and will allow us to solidify and accelerate many initiative that are in our pipeline (…) commented ZeU’s President & CEO, Frank Dumas.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, DIRECTOR & COO, ST-GEORGES ECO-MINING; PRESIDENT & CEO, ZEU CRYPTO NETWORKS.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Copyright (c) 2019 TheNewswire – All rights reserved.

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St-Georges Eco-Mining Corp. $SX.ca Update on #Lithium Extraction Technology Provisional Patent

Posted by AGORACOM-JC at 11:52 AM on Wednesday, January 30th, 2019

Update on Lithium Extraction Technology Provisional Patent

  • In the Company last press release, the text regarding the provisional patent filed under the name ‘Method of Mineral Recovery’ was incomplete as it omitted important elements of the innovation claim contained in St-Georges provisional filing.
  • The portion of the text related to lithium extraction technology refers solely to the prior art on which the St-Georges innovation and new patent evolves from.
  • It covers a portion of stage 1, the concentration phase, and is being improved upon.

Montreal, Quebec / January 30, 2019 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to provide important information in regards to the provisional patent filing mention in its January 20, 2019 press release and pertaining to its lithium extraction technology initiatives.

In the Company last press release, the text regarding the provisional patent filed under the name ‘Method of Mineral Recovery’ was incomplete as it omitted important elements of the innovation claim contained in St-Georges provisional filing.

The portion of the text related to lithium extraction technology refers solely to the prior art on which the St-Georges innovation and new patent evolves from. It covers a portion of stage 1, the concentration phase, and is being improved upon.

This prior art comes from United States Patent 4098687, Published 07/04/1978 and titled ‘Beneficiation of lithium ores by froth flotation’. This patent is now in the public domain.

(…), the lithium values fraction of lithium-containing ores is floated from gangue slimes, preferably without the use of a desliming step, by a froth flotation process wherein an aqueous pulp of the ore is treated with a conditioning reagent which improves the selectivity of anionic collectors to spodumene and other lithium values. … The conditioning reagent is added to and thoroughly mixed with the ore pulp before the pulp is subjected to conventional froth flotation in the presence of an anionic collector as the flotation agent (…)” (Extracts of the historical patent)

Although there are important differences in our approach, mainly by initially reducing the amount of material to be froth floated by 55% by adding a prior concentration step using a method of air classification and the fact that we are using this similar approach to treat clays and fines, it is important to point out that the concentration is not our innovation core claim.

The Provisional Patent Innovation Claim

The keys to the invention are using water saturated with silicate salts or other similar substitutes with reagents that make the lithium be attracted to air for successful flotation. Clay materials that are superfine generally do not concentrate well in water. The combination of nitric acid leach with a controlled dosage of citric acid with saturated salt solution for froth flotation has not been done together previously.

St-Georges has been working on low-grade ores in super fines form. These resources are often as difficult to leach as traditional hard rock resources. In the development, the R&D is being carried on two fronts: concentrating with improvements on prior art and leaching with our research team to avoid high-temperature and high-pressure vessels and eliminating the need to roast or calcine the material in order to reduce costs.

The provisional patent filed cover prior art to concentrate low-grade lithium resources with St-Georges technology to leach without pressure or high-temperature and avoid leaching materials that traditionally leach easily with H2SO4 and HCl that enter the circuit as impurities. This selective leaching process allows the reduction of waste materials and neutralization efforts.

Our team has been testing our selective leaching on a number of traditional hard rock crystalline forms of lithium and has successfully leached spodumene and leopodolite without the use of high-temperature and pressure and not requiring roasting and calcining.

The company already reported results of successful selective leaching that has helped to reduce the total weight leached to approximately 12% of the total initial weight. In the second stage of the process, prior art to concentrate lithium in slims and clays is being applied with the selective leaching. St-Georges expects to combine prior art with the innovation in leaching currently being further improved to unlock the lithium content of various conventional and alternative lithium-bearing material.

More material from various origins will be tested in the coming months. So far the selective leach is working on all lithium resources tested.

Timely release of information

St-Georges management has the difficult task to protect the knowledge acquired by its on-going R&D initiatives prior to the grant of formal patents while it also has the obligation to inform its shareholders on the progress of these initiatives while protecting their collective investment in the intellectual property to be generated.

The nature of provisional patent filing allows for amendments as further testing and fine tuning is done and generates positive results while keeping the information protected from third parties. St-Georges’ metallurgists are planning to further amend the provisional filings when significant improvement on the core innovation becomes material. The challenge to maintain the right balance between a maximum disclosure of information and the protection of the intellectual property generated is bound to create a situation where an internal censorship process get in the way of efficient information.

ON BEHALF OF THE BOARD OF DIRECTORS

“Enrico Di Cesare”

ENRICO DI CESARE, DIRECTOR & VP RESEARCH & DEVELOPMENT

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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St-Georges $SX.ca Lithium Extraction Technology Update

Posted by AGORACOM-JC at 6:02 PM on Wednesday, January 16th, 2019
  • successfully improved its lithium-in-clay extraction technology, as well as an important breakthrough regarding the processing of hard rock material

Montreal / January 16, 2019 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to report that it successfully improved its lithium-in-clay extraction technology, as well as an important breakthrough regarding the processing of hard rock material.

The Company previously reported back in December (See Press Release Dated December 20, 2018) that it had achieved the removal, by mechanical means, of 55% of the material processed from the Bonnie Claire lithium deposit fully owned by its partner Iconic Minerals ltd (TSX-V: ICM). At that point, 90% of the lithium contained in the initial material was later found in solution to be processed for recovery.

Additional tests have now improved the outlook on the recovery grade. Stage 2 selective leach processing has eliminated 70% of the material contained in the pregnant portion of the initial material. The company is now pleased to report that it found 100% of the initial lithium in solution post-leaching. The subsequent solution now represent between 12 to 15% of the initial material.

These simple steps eliminate the need for expensive processing of 85 to 87% of the initial material while retaining 100% of the lithium contained in the material from the deposit. This increase the lithium grade of the material to be further processed by 6 to 8 times.

From the 100% initial material, 55% is discarded mechanically, low cost lixiviation sets aside between 68 to 73% of the remaining material leaving approximately only 12 to 15% to be processed further.

The company is currently working on improving the leaching selectivity within its phase 2 development efforts. Phase 3 testing will focus on purifying the lithium to reach lithium hydroxide commercial quality.

Extraction of lithium from hard rocks.

The company has successfully tested its leaching approach with spodumene and other clay formations of lithium without pressure, calcining and high temperatures. This development can be applied to any hard feed which includes tailings, clay and hard rocks. St-Georges metallurgists are planning to initiate tests in the coming days with lepidolite lithium material available from St-Georges’ LeRoyal Project.

Joel Scodnick, P.Geo, a qualified person under NI 43-101 has reviewed and approved the technical content of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANCOIS (FRANK) DUMAS, DIRECTOR & COO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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St-Georges $SX.ca Announces the Closing of Flow-Through Placement Offering; Updates on Icelandic Hydro-Electric Project

Posted by AGORACOM-JC at 6:57 PM on Monday, December 31st, 2018
  • Mr. Vilhjalmur Vilhjalmsson, President and CEO of St-Georges, commented, “We are grateful for the continued support of our shareholders as well as from our multiple partners.
  • 2018 has been a challenging year for the management of St-Georges, however we are pleased with the effort of the team and the results that has brought us. The management would like to thank all its supporting shareholders and wish everybody a happy new year.”

Montreal / December 31, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that, further to its press release dated December 20, 2018, today it issued 2,550,000 Units pursuant to its non-brokered private placement for total gross proceeds of $255,000.

Proceeds of this Offering will be used to further finance the Corporation’s prospecting, drilling and other exploration and development expenses and activities, which qualify as eligible Canadian exploration expenses, as defined under the Income Tax Act (Canada) (“Qualifying Expenditures“), on or before December 31, 2019. The Corporation will renounce the Qualifying Expenditures to investors with an effective date of no later than December 31, 2018.

Each Unit issued under the Offering is comprised of one (1) common share in the capital of the company (a “Share“) issued on a flow-through basis, and one half of one (1/2) Share purchase warrant (each whole, a “Warrant“). Each Warrant entitles the holder thereof to purchase one (1) Share at an exercise price of: (i) $0.20 per Share until September 30, 2019 (the “Early Exercise Period“), and (ii), thereafter, at a $0.50 per Share until June 30, 2020 (together with the Early Exercise Period, the “Warrant Expiry Date“).

In the event that, during the period following 4 months from the Closing Date, the volume-weighted average trading price of the Shares on the Canadian Securities Exchange (“CSE“) exceeds $0.25 per Share for any period of 10 consecutive trading days, the Corporation may, at its option, following such 10-day period, accelerate the Warrant Expiry Date by delivery of notice to the registered holders (an “Acceleration Notice“) thereof and issuing a press release (a “Warrant Acceleration Press Release“, and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Montreal time) on the 30th day following the date of issuance of the Warrant Acceleration Press Release.

The securities issued in connection with the Offering are subject to the applicable statutory hold period ending May 1, 2019. The Offering is subject to receipt of applicable regulatory approvals, including the approval of the CSE.

Icelandic Hydro Electric Dam Project Update

St-Georges also announces that, further to its press release dated October 11, 2018, today it issued 2,000,000 Shares to Spa ehf following their conversion of the $200,000 debenture issued as partial consideration to acquire a 15% equity interest in Islensk Vatnsorka EHF.

Mr. Vilhjalmur Vilhjalmsson, President and CEO of St-Georges, commented, “We are grateful for the continued support of our shareholders as well as from our multiple partners. 2018 has been a challenging year for the management of St-Georges, however we are pleased with the effort of the team and the results that has brought us. The management would like to thank all its supporting shareholders and wish everybody a happy new year.”

ON BEHALF OF THE BOARD OF DIRECTORS

“Vilhjalmur Thor Vilhjalmsson”

VILHJALMUR THOR VILHJALMSSON, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Copyright (c) 2018 TheNewswire – All rights reserved.

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St-Georges’ subsidiary #ZeU Crypto Entered Agreement to Provide Credit Card & Remittance Provider Prego International with #Blockchain Technology Solutions

Posted by AGORACOM-JC at 7:52 AM on Monday, December 24th, 2018
  • Executed an agreement with Prego International Group AS to develop and integrate certain proprietary technologies in a Global Multi Payment and E-Money Services Platform
  • Prego, based in Norway, is a global payment solution provider which develops and operates a range of payment services for partners and clients worldwide

Montreal / December 23, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that on December 21, 2018, it executed an agreement with Prego International Group AS to develop and integrate certain proprietary technologies in a Global Multi Payment and E-Money Services Platform.

Prego, based in Norway, is a global payment solution provider which develops and operates a range of payment services for partners and clients worldwide, including Everyday Digital, a solution which is Prego`s proprietary white label alternative e-money and payment platform. Everyday Digital is fully flexible and configurable, combined on conventional processing platform, integrated with blockchain technology with real-time processing providing everything from specific payment functionality to full current accounts including Direct Debit, Faster Payments, CHAPS, BACS and contactless Visa & MasterCard debit cards and Closed Loop payment cards (Virtual Everyday $ cards).

Under the Agreement, ZeU and Prego will share equally the costs of the Services as follows:

  • – Phase 1 – preface/innovation lab: USD$675,000, which shall include the setup cost and license fees of the full platform, prepared for pilot operational phase (timeline – Q2 2019); – Phase 2 – pilot operational: USD$750,000, which shall include full system integration with “POC” testing and user testing with stress test of the platform in 60 days with a complete report (timeline – Q3 2019); and – Phase 3 – project launched and running – upscale/internationalization. It shall include a full platform, service ready to go, for implementation in multiple global markets. (timeline – Q4 2019).

“(…) We believe that this technology agreement will open opportunities to provide blockchain based services combined with conventional payment services to the market in a very smart and user friendly way.(…) This agreement will strengthen both companies market opportunities and will pave the way to many more new initiatives to come (…) commented Ronald Erikson, Prego Executive Chairman.

Frank Dumas, President and CEO of ZeU, indicated that “The team at ZeU is excited to be working with Prego to provide a key complement to the foundation for its advanced end-to-end Global Multi Payment and E-Money Services, deploying proprietary software, and innovative business models. We expect to leverage the equal revenue sharing agreement between the two companies to accelerate the development and deployment of our business initiative (…)”

Other Corporate Matters

BigData on Blockchain

In early December, ZeU filed for an additional provisional patent named ‘System and Method for Augmenting Database Applications with Blockchain Technology’.

The application developed by ZeU and related to this invention patent provides a migration method that allows a database application that accesses a local database to be synchronized with a blockchain. Data to be written into the database, but requiring synchronization, will be sent to a blockchain for consensus voting automatically, and only the data that gets consensus is made to persist and viewed by application. It also allows a software application to access a local relational database and via a migration service synchronize the status and data of the database with blockchain. The data is sent to the blockchain for consensus automatically, and only thereafter viewed by the application. This approach resolves transaction conflicts both in local nodes and globally. The invention is protocol agnostic and ZeU management believe that it could be used as a gateway to share data between application using different protocols.

Additional Patent Applications

ZeU management is working on additional patents related to random number generation and encryption in relation with blockchain application. These technologies are being developed to be used in payment solutions, gambling industry and secure messaging.

CSE Listing

ZeU is pursuing its listing process on the CSE and expect to be listed in Q1 2019.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, DIRECTOR & COO / President & CEO of ZeU Crypto Networks Inc..

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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St-Georges $SX.ca Lithium-In-Clay Extraction Technology Update

Posted by AGORACOM-JC at 1:36 PM on Thursday, December 20th, 2018
  • Successful selective leaching to remove Magnesium Oxide (MgO) and Calcium Oxide (CaO) was achieved
  • This allows the potential recovery of High Purity MgO and eliminates the need for membranes and other purification steps required to make high purity lithium that can be used to make lithium carbonate, lithium hydroxide and/or lithium metal.

Montreal, QC / December 20, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to provide an update on the development of its lithium-in-clay extraction technology.

Successful selective leaching to remove Magnesium Oxide (MgO) and Calcium Oxide (CaO) was achieved. This allows the potential recovery of High Purity MgO and eliminates the need for membranes and other purification steps required to make high purity lithium that can be used to make lithium carbonate, lithium hydroxide and/or lithium metal.

“(…) Selective leaching of Magnesium, Calcium and Sodium is an interesting breakthrough that helps to make the down stream processing for lithium purification simpler with fewer challenges on water/acid balances, reduction in chemical usage and lower energy requirements. (…) We are still investigating converting problem elements into valuable salable by-products helping our cost structure and ecological focus (…)” said Enrico Di Cesare, St-Georges’ Vice-President Research & Development.

St-Georges tested its metallurgical process in a simulated industrial environment using large quantity of material received in September from the Bonnie Claire deposit owned 100% by its partner Iconic Minerals Ltd. (TSX-V: ICM). Approximately 100kg of Bonnie Claire material was used in the current test phase. 5 independent laboratories participated in the effort. The initial mechanical separation step was tested with an equipment vendor in Pennsylvania. The results show that 55% of the mass can be removed while concentrating the lithium without the use of water and chemicals.

St-Georges is working on the filing of two provisional patents in relation to the first phase of development of the process. Further testing is underway to optimize and firm up the patent applications. The current developments simplify and improve the process flow sheet. It eliminates the need to use membranes and it is expected to decrease total chemicals used.

In mutual agreement with Iconic Minerals, St-Georges’ management is revising the initial planning allowing to accelerate the development of the technology and should deliver a report to Iconic in January that will include elements that were initially expected in the second development report. Additional testing is currently underway for that purpose. St-Georges also expects to issue an additional press release in early January after it receives the results to the verification tests that it has just commissioned following this potential breakthrough.

Joel Scodnick, P.Geo, and Herb Duerr, P.Geo both qualified persons under NI 43-101 have reviewed and approved the technical content of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANCOIS (FRANK) DUMAS, DIRECTOR & COO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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St-Georges Eco-Mining Corp. $SX $SXOOF Provides Corporate Update

Posted by AGORACOM-JC at 2:40 PM on Friday, August 31st, 2018

Sx large

  • St-Georges is now adding to its team of mining consultants and contractors to accelerate the development of its projects and has also initiated discussions with third parties to investigate the potential to joint-venture or farm-out some of its mineral properties that it owns or has option to acquire
  • ZeU Crypto Networks is advancing its listing process as planned, while simultaneously strengthening and establishing its technical team
  • Iceland Resources ehf board of directors has decided to execute its option to acquire 15% of IV for 50 million ISK (approximately $600,000). In order to meet its obligation, St-Georges will issue a 5-year 6% capitalized debenture

Reykjavik / August 31, 2018 –St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to update its shareholders on its on-going corporate developments.

Recent corporate events and managerial changes have allowed the company to review its current mineral processing technology initiatives as well as its prioritization of its mineral exploration efforts. St-Georges is now adding to its team of mining consultants and contractors to accelerate the development of its projects and has also initiated discussions with third parties to investigate the potential to joint-venture or farm-out some of its mineral properties that it owns or has option to acquire. A summary of the Company’s activities as well as a recap of the state of its blockchain technology subsidiaries has been provided below.

BLOCKCHAIN SUBSIDIARIES

ZeU Crypto Networks

ZeU Crypto Networks is advancing its listing process as planned, while simultaneously strengthening and establishing its technical team. The company will publish updates as materiality requires it. The management, employees or consultants working with ZeU will not comment publicly or privately on matters of strategy or on the business model it is implementing.

Borealis EHF

St-Georges’ subsidiary, Borealis EHF is currently working within Iceland and Malta’s regulatory frameworks in order to obtain the proper licensing for the purpose of establishing a blockchain commodity and derivative market place. The subsidiary is evaluating its financial needs and expects to hold discussions with potential strategic partners

MINERAL PROCESSING AND EXPLORATION INITIATIVES

Iceland

Hydro Electric Dam Option: Islensk Vatnsorka EHF (IV)

Iceland Resources ehf board of directors has decided to execute its option to acquire 15% of IV for 50 million ISK (approximately $600,000). In order to meet its obligation, St-Georges will issue a 5-year 6% capitalized debenture. In addition, Iceland Resources will appoint Mr. Frank Dumas to the board of IV and will have first right of refusal on all new equity financing done by Islensk Vatnsorka.

For more information please refer to the press release dated August 15, 2018.

Fall campaign and Drone flights

Work is ongoing on the Icelandic projects and a technical team will be in the field at the Trollaskagi and Thormodsdalur projects in September for mapping, sampling, trenching and collecting aerial imaging of key target areas that were previously identified. Work is ongoing to gain approval for drilling in Thormodsdalur from the local municipality. The company still has six other licences pending that are currently being processed by the government.

Canada

Rare Earths and Niobium Findings

St-Georges’ mineral exploration contractors have been active on the “Muscovite Mines” group of claims owned by St-Georges. The company acquired these claims initially in a joint acquisition through claims designation (electronic map staking) with another mineral exploration company. The other company had also entered into an agreement with private claims owners, some of which were St-Georges directors and officers, for the core claims of these projects that are historical mines. The other mineral exploration company underwent a change of business in 2017 and sold its participation to St-Georges. The core claims of these projects are currently owned by Mark Billings, Frank Dumas and other minority partners.

While the claims acquired by St-Georges were acquired with the objective of securing a zone of interest around the historical mines, it was not the intention of the company to be the main exploration operator but to support its partner of the time to which it was providing technological solutions, while guaranteeing itself a supply of mineral material to test and develop metallurgical processes.

One of these sets of claims referred to as the Xavier Mine Property yielded results worth reporting. The 2018 field work has exposed some alkaline intrusive occurrences from which grab samples taken from surface outcrops have returned significant Rare Earth Elements results. The two best samples yielded 6780 ppm of Cerium (Ce), 2840 ppm of Lanthanum (La), 2690 ppm of Neodymium (Nd) 766 ppm of Praseodymium (Pr), 732 ppm of Yttrium (Y) for a total of over 1.5% REE and 5080 ppm of Cerium (Ce), 2140 ppm of Lanthanum (La), 2380 ppm of Neodymium (Nd), 1305 ppm Yttrium (Y) and results in excess of 2500 ppm of Nobium (Nb). Further testing for Nobium and a compilation of the work done are planned.

For further information on the muscovite mines group of properties please refer to St-Georges’ press release dated April 28th 2016 “St-Georges Partners with Active Growth to Explore Lepidolite & Muscovite Pegmatites” and press release dated November 13th 2017 “St-Georges Updates on Share Issuance & Warrants Execution”.

Isoukustouc (Kings of the North Subsidiary)

Earlier this summer, the company collected several hundred kilos of blast samples from the B40 showing section of the Isoukustouc project. This material is being used for metallurgical testing and approximately 100kg should be sent out for independent testing in the coming month. In order to test the scalability of a newly developed Ferro-Nickel metallurgical process, additional tonnage should be collected with heavy machinery in late September or early October.

Historical assay values obtained on selected grab samples yielded 17.00% copper, 3.84% nickel and 0.20% cobalt. The 2012 surface sample program executed by St-Georges on the surroundings of the B40 section of the project yielded 1.85% nickel and 0.335% copper on average. An exploration program of 2,343 line-km of airborne magnetic geophysical survey with 100m spacing was completed in 2011.

Julie Nickel

The company has initiated permitting for a multi-stage drilling effort on Julie in the coming months. A team should be on the project in late September to map, sample and prepare the ground for a multi-tonne bulk sampling to give the company enough material to advance some of its metallurgical initiative pertaining to Nickel and Cobalt. Some initial drilling might occur this fall if conditions allow. The potential for a larger drilling effort is being looked into for the winter of 2019.

The Julie Nickel Discovery best result to date is a 11.64 meters channel intersection at surface that graded 1.82% Nickel, 0.29% Copper and 0.04% Cobalt.

Le Royal Lithium

Earlier this summer a team of prospectors accompanied by geologists participated in a 5-day surface campaign on the property. Pegmatite outcrops and geophysical targets were the main focus of interest. Samples from Le Royal should be sent later this fall to Australia to be processed by Strategic Metallurgy PTY. This project is jointly own by St-Georges (90%) and Lepidico (ASX:LPD) 10%.

Lithium Processing Technology Update

Test work is ongoing to concentrate lithium fines in clays. Resulting higher concentrations of lithium should allow more aggressive recovery methods. Very fine particles and crystal characteristics are the key focus of the current research and testing initiative.

In parallel the team is experimenting with a hybrid approach to mixed acids. Success of this approach should allow the elimination of the calcining step of processing.

Final purification stages of the process, adjusted to the particular resources impurities, will combine membranes, resins and liquid separation.

Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Vilhjalmur T. Vilhjalmsson”

VILHJALMUR THOR VILHJALMSSON

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region.Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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