St-Georges Eco-Mining Corp. (CSE: SX) announced on September 30, 2026, that it has filed its audited consolidated financial statements for the year ended March 31, 2026, along with the related management's discussion and analysis and executive certifications. The company reported a net loss of $4,384,254 for the fiscal year and continues to carry a going-concern disclosure in its financial statements. A failure-to-file cease trade order issued by the British Columbia Securities Commission remains in effect, keeping SX shares suspended from trading on the Canadian Securities Exchange.

Key Points

  • St-Georges Eco-Mining Corp. (CSE: SX; OTC: SXOOF; FSE: 85G1)
  • Audited annual financial statements for the year ended March 31, 2026, have been filed
  • Net loss of $4,384,254, including a non-cash equipment impairment charge of $1,712,799; cash and funds held in trust totalled $84,250 at year-end
  • Investors should watch for filing of outstanding interim statements and regulatory approval before trading can resume on the CSE

Annual Loss Widens as Impairment Charge Weighs on St-Georges Results

For the year ended March 31, 2026, St-Georges Eco-Mining reported a net loss of $4,384,254, compared with $3,843,283 for the prior year. The release states that the current-year figure includes a non-cash equipment impairment charge of $1,712,799. Net cash used in operating activities was $332,337, and cash and funds held in trust stood at $84,250 at March 31, 2026. The consolidated financial statements carry a going-concern disclosure in Note 1, with management citing EVSX's operating and creditor obligations, broader financing requirements, and the uncertainty surrounding its plans to increase revenue and manage expenditures.

Cease Trade Order Keeps CSE Shares Suspended Pending Interim Filings

The company disclosed that it remains in default of its continuous disclosure obligations because interim financial statements for the three-month period ended June 30, 2026, have not yet been filed. The British Columbia Securities Commission's failure-to-file cease trade order remains in effect, and the release states that CSE trading is not expected to resume until the interim filings are submitted, reviewed by regulators and the exchange, and required approvals are obtained. The company offered no assurance regarding the timing of the cease trade order's revocation. In the United States, shares are expected to remain quoted on the OTC Markets Pink tier.

EVSX Battery Processing Resumes at Thorold Facility After Standstill Period

Following a standstill and care-and-maintenance period during July and August 2026, the company's EVSX subsidiary resumed battery processing activity at its Thorold, Ontario facility in September 2026. Management's stated priorities include increasing processing volumes and generating revenue from processing fees and sales of recovered materials. EVSX's operations are supported by its agreement with Call2Recycle, with revenue expected to be supplemented by spot sales of recovered zinc and other metals. The company did not disclose specific volume targets or revenue figures in the announcement.