St-Georges Eco-Mining Corp. (CSE: SX) has filed its audited consolidated financial statements for the year ended March 31, 2026, reporting a net loss of $4,384,254 alongside a going-concern disclosure. The company remains in default of its continuous disclosure obligations, with a British Columbia Securities Commission cease trade order still in effect pending completion of outstanding interim filings. Despite the regulatory challenges, subsidiary EVSX resumed battery processing operations at its Thorold, Ontario facility in September 2026 following a care-and-maintenance period. Investors are watching for the interim filings and regulatory approvals required before trading on the Canadian Securities Exchange can resume.

Key Points

  • St-Georges Eco-Mining Corp. (CSE: SX / US OTC: SXOOF / FSE: 85G1)
  • Audited annual financial statements for the year ended March 31, 2026, have been filed, along with MD&A and CEO/CFO certifications
  • Net loss of $4,384,254 for fiscal 2026, 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 monitor the filing of outstanding Q1 interim statements and any regulatory decisions on the existing cease trade order

Fiscal 2026 Financial Results Reveal Wider Loss and Impairment Charge

For the year ended March 31, 2026, St-Georges reported a net loss of $4,384,254, compared with $3,843,283 for the prior year. The increase was driven in part by 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 year-end. The annual financial statements include a going-concern disclosure in Note 1, citing EVSX's operating and creditor obligations, St-Georges' financing requirements, and material uncertainty regarding the company's ability to continue as a going concern.

Cease Trade Order and Outstanding Interim Filings Extend Trading Halt

The British Columbia Securities Commission's failure-to-file cease trade order remains in effect because interim financial statements for the three-month period ended June 30, 2026, have not yet been filed. The company states it is completing those filings to reflect adjustments arising from the annual audit and expects to file them promptly. Trading on the CSE will not resume until the interim filings are submitted, regulators and the exchange complete their review, and required approvals are obtained. The company cautions there is no assurance regarding timing. In the United States, shares are expected to be quoted on the Pink tier of OTC Markets.

EVSX Resumes Battery Processing in Thorold After Summer Standstill

EVSX, St-Georges' battery processing subsidiary, resumed operations at its Thorold, Ontario facility in September 2026 after a standstill and care-and-maintenance period during July and August. Management has identified increasing processing volumes, generating revenue from processing fees, and recovering materials such as zinc as near-term priorities. Processing activities are supported by an agreement with Call2Recycle, with additional revenue anticipated through spot sales of recovered metals. The company's operating and financing plans, along with associated risks, are described in the annual filings.