Agreement with Altima to Produce Cheap & Clean Hydrogen in Alberta & British-Colombia

MONTREAL, QC / ACCESSWIRE / February 14, 2023 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is pleased to announce that its subsidiary H2SX and Altima Resources Limited (TSX-V: ARH) have entered into an agreement via a binding term sheet to move forward with the production of cheap and clean hydrogen (ccH2™) in Canada.

Altima has expressed its intention to use H2SX’s hydrogen production (ccH2™) and nano-carbon technology for the conversion of natural gas originating from gas & condensate wells in Alberta and British Columbia, Canada. H2SX will partner and will work on an exclusive basis with Altima in British Columbia and Alberta in the natural gas domain and for projects and companies that have traditional natural gas production of 65 MMcf/d or less.

In accordance with the provisions of the Terms (ccH2™) Altima will issue to H2SX 6,000,000 common shares upon the completion of milestones as set out in the performance shares schedule (the “Performance Shares“) below:

  • 2,000,000 shares to be issued upon delivery of a preliminary technological engineering report.
  • 2,000,000 shares to be issued upon receipt of a detailed engineering report tailored to Altima’s initial project.
  • 2,000,000 shares upon the delivery of a Preliminary Economical Assessment or a Prefeasibility Study.

These shares will be subject to such further restrictions on resale as may apply under applicable securities laws. The close of the issuance of shares is subject to further review and acceptance by the TSX Venture Exchange.

In addition to the issuance of Performance Shares, Altima has committed to the construction of a hydrogen processing facility utilizing the patented technology. Altima will fund and be co-operator of the hydrogen production plant(s) in relation to the gas wells it currently operates and in the future. One hundred percent of all capital expenditures will be reimbursed to Altima prior to any profit sharing between the joint venture parties.

Altima will be responsible to provide and manage the natural gas input into the joint venture operations and all infrastructures and logistics associated with it and will receive credits for the sale of hydrocarbons to the green hydrogen operation through this producing joint venture.

H2SX and its partner will be entitled to receive a 5% NRR for which a long form royalty agreement (the “Royalty Agreement“) will be executed and will be an integral part of the Joint Venture Agreement between the parties; A formal management structure for the anticipated joint venture will be put in place between the parties.

“(…) We look forward to working with H2SX in moving this exciting zero greenhouse gas (CO2) emission hydrogen production technology, into commercialization and for other prospective green tech opportunities that could benefit from utilizing low-cost green hydrogen (…)” said Joe DeVries, President & CEO of Altima Resources.

“(…) Alberta and British Columbia are strategic locations for H2SX. They will benefit from our low-cost, zero greenhouse gas (CO2) emission hydrogen production technology just as we will benefit from the low costs of their natural gas. A perfect synergy between Altima and us for the benefit of all. The production of cheap and clean hydrogen will spark a multitude of other opportunities such as the production of methanol, ammonia, or fertilizers (urea) with a very low environmental footprint. We can only be excited to start this collaboration with Altima as soon as possible (…,)” said Sabin Boily, CEO of H2SX.

________________________________________________________________________________________________________________________

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS

Director & COO

About St-Georges Eco-Mining Corp.

St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB Venture Market for early stage and developing U.S. and international companies under the symbol SXOOF. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com

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.

SOURCE: St-Georges Eco-Mining Corp.

PanSALB hands over certificate of excellence to 2022 Gauteng Matric top achievers, 16 Feb

PanSALB to hand over certificate of excellence to 2022 Gauteng Matric top achievers

The Pan South African Language Board (PanSALB) Gauteng provincial office in partnership with the Gauteng Department of Education and Sport, Arts and Culture is on Thursday, 16 February 2023, scheduled to handover certificate of excellence to the 2022 Gauteng matric top achievers at the School for the Deaf, Ekurhuleni Metropolitan municipality, in Johannesburg.

This is part of the institution’s efforts to promote the use of mother tongue and the furtherance of multilingualism in the country, which also aims to observe the International Mother Language Day celebration.

MEC for Gauteng Department of Education, Mr Matome Chiloane, MEC for Sport, Arts and Culture, Mr Morakane Mosupyoe, and the PanSALB CEO, Mr Lance Schultz are expected to lead the hand over, which will focus more on learners who have excelled in African Language subjects.

Source: Government of South Africa

Electricity Minister will allow government to work with increased urgency

Mineral Resources and Energy Minister Gwede Mantashe says President Cyril Ramaphosa’s announcement of a Minister of Electricity will go a long way to ensuring that the current energy crisis gripping the country is resolved.

The Minister was speaking during the debate on the State of the Nation Address (SONA) at the Cape Town City Hall on Tuesday morning.

Mantashe said the President’s announcement of a State of Disaster and a Minister of Electricity shows the seriousness with which government is approaching the energy deficit.

“We characterise [the announcement of a Minister of Electricity]…as a project management approach in dealing with the crisis. Some people in the media say, when we characterise it as project management, we are reducing this Ministry and its authority.

“This is not reductionist. It is communicating a sense of urgency and the desire to resolve this because we don’t have time to wait for 24 months to resolve load shedding. That is how serious the President takes this crisis.

“It is emphasising urgency of execution and delivery of the project. One…there will be clear timeframes, clear milestones and there will be a clear, critical path which we must not deviate from,” Mantashe said.

The Minister emphasised that the energy crisis is solvable, with government already moving to ensure that much-needed extra megawatts of energy are added to the grid.

These efforts include:

Improving Eskom’s energy availability factor [EAF] through maintenance to enable coal-fired power stations to perform optimally

Procuring emergency power from neighbouring countries – a move which is expected to see an additional 1000MW added to the grid

Procuring emergency power from private electricity producers

Improving the skills capacity at Eskom

Added to these efforts, the Minister said, government continues to develop capacity which is expected to secure energy in the long term.

“We must be reminded that 2205MW of renewable energy was procured under Bid Window 4 of which 2130MW are connected to the grid and providing us with much needed electricity. 2583MW have been procured under Bid Window 5 of which 1759 MW are under construction.

“Under BW 6, we procured 4200MW of which 1000MW could be declared because of [grid transmission constraints]. As we deal with the problem of the coal generators, we must equally urgently deal with strengthening of the transmission,” he said.

Added to this, the department is expected to issue Requests for Proposals in relation to:

513MW of battery storage by the end of February 2023

3000MW of gas to power by the end of the current financial year

Bid Window 7 of up to 5000 MW subject to grid capacity availability

Mining in South Africa

Meanwhile, the Minister said South African mining’s targeted contribution to the Gross Domestic Product of some 12% has been missed, only achieving 8% due to a range of factors.

“This low performance is largely attributed to the global increase in energy prices because of the continued geopolitical dynamics, the ongoing power disruptions which is load shedding, logistical bottlenecks on our rail network, port systems and crime. As a result, mineral production contracted by 9% year-on-year in November 2022.

“We welcome the establishment of the joint structures between Transnet and the Minerals Council South Africa (MCSA) to accelerate the improvement of our rail and port infrastructure. Those bottlenecks deprive South Africa of taking advantage of good prices of commodities…therefore it is important for us to attend to these problems,” he said.

Mantashe revealed that government will work with those investors who showed an interest in exploration during the Investing in African Mining Indaba held at the Cape Town International Convention Centre last week to ensure realisation.

“Furthermore, there is an interest in the minerals of the future which include lithium…rare earth minerals, copper, nickel, and many others. These minerals which our country is endowed with are essential for the development of a low carbon economy that we are looking forward to.

“The DMRE is also seized with addressing the backlog in prospecting and mining applications. In the last 18 months, we have reduced the backlog by 42% over the last 18 months. The procurement of a customised cadastral system is underway,” he said.

Source: South African Government News Agency

Creecy extends term of appointment of the EAPASA

Minister of Forestry, Fisheries and the Environment Barbara Creecy has extended the term of appointment of the Environmental Assessment Practitioners Association of South Africa (EAPASA).

“EAPASA was appointed for a five-year term in 2018 to serve as the single registration authority for Environmental Assessment Practitioners. Their term of office ends on 7 February 2023,” the Department of Forestry, Fisheries and the Environment said on Tuesday.

The Minister extended the term of appointment of the EAPASA until 7 February 2024 in a notice published in Government Gazette 47998 (Notice No.692) on 6 February 2023.

“The extension is to enable the Minister to adequately consider what the most sustainable way forward would be for the long-term regulation of Environmental Assessment Practitioners,” the department said.

Additional information on the EAPASA, work they have conducted to date, and supporting information may be accessed at www.eapasa.org.

Source: South African Government News Agency

Communities should work with police to curb crime, urges Cele

Police Minister Bheki Cele has called on communities to work with the South African Police Service (SAPS) to curb crime in the country.

The Minister on Tuesday made the call at the Cape Town City Hall during a Parliamentary debate of President Cyril Ramaphosa’s State of the Nation Address (SONA).

The Joint Sitting of the National Assembly (NA) and the National Council of Provinces (NCOP) are on Tuesday and Wednesday debating the President’s SONA, which he delivered last week. President Ramaphosa will respond to the debate on Thursday.

Communities joining forces with the South African Police Service (SAPS), he said, “would eventually realise the vision of having violent crimes in the country resolved in the prescribed times”.

“We are also making a clarion call to other sections of society – be it the academia, business, the clergy, the media, and other organised groupings – don’t be spectators, join the fight against crime.”

Cele welcomed President Ramaphosa’s announcement that government would recruit more officers in the 2023/24 financial year.

“We thank the President for responding to the call of strengthening the police service by allocating 10 000 trainee graduates in the past year.

“We are also training another 10 000 this year. That will help with the visibility of police but also it will help us give a pool to train the special units and be able to respond to the different crimes that are happening in South Africa. It does not mean that we are not responding at the present moment,” he said.

In his address last week, the President said the specialised police teams that were working on tackling crimes such as kidnapping, extortion and illegal mining had already made several breakthroughs, arresting dozens of suspects and achieving several convictions.

Despite challenges in the service, he said the police continue to make significant progress in the fight against crime.

“There are people that have been arrested, especially in crimes [such as] the construction mafia, and [crime at Eskom]. Last year alone, we arrested 4 990 people that committed gender-based violence.

“Of these, 198 were handed life sentences for GBV,” Cele said.

The debate coincided with the 10-year anniversary since the death of former model Reeva Steenkamp, who was on the day shot and killed by her boyfriend and celebrated Paralympian, Oscar Pistorius, at his Pretoria home.

“Woman are still killed today,” Cele said, stressing that efforts should intensified to curb the scourge.

He said while government agrees that there is a need to clamp down on illegal firearms, police had made progress in this regard.

“At least 65 952 illegal firearms have been destroyed in the previous year. We will continue to hunt these guns. We will continue to strengthen the law [so] that people [are] safe,” he said.

He called on the public to work with law enforcement agencies to curb crime, especially GBV.

Source: South African Government News Agency

Western Cape Human Settlements urges residents to take advantage of over 500 affordable housing opportunities

Western Cape residents urged to take advantage of over 500 affordable housing opportunities

The Western Cape Department of Human Settlements strongly encourages first-time home buyers to take advantage of over 500 affordable housing opportunities currently available across the province. Of its various developments, the department currently has opportunities available that specifically cater for households with a gross income of between R3,501 and R22,000 per month.

Housing opportunities range from one, two and three-bedroom homes. These affordable housing opportunities are currently available within the following developments:

Forest Village, Eerste River, Cape Town – priced from R379 000

Syferfontein, George – priced from R320 000.00

Mill Park, Bredasdorp – priced from R488 625.00

Details of the units and contact details of the agents can be found on the department’s website at https://www.westerncape.gov.za/dept/human-settlements/documents/public_info/F/59212(link is external)

Western Cape residents are encouraged to apply for the Department’s Help Me Buy a Home/FLISP subsidy in order to purchase one of the available housing opportunities. The Help Me Buy a Home / FLISP subsidy is designed to assist first-time home buyers to acquire a home. The subsidy will essentially assist to reduce monthly bond/loan payments, making it more affordable to purchase a home. Qualifying applicants will receive a subsidy based on their gross household income.

Provincial Minister of Infrastructure Tertuis Simmers said, “There are numerous housing opportunities in prime residential areas across this province. If your household income is between R3 501 to R22 000 per month, and you meet the qualifying criteria, this subsidy can assist you to purchase your first home. We encourage young professionals, first time homeowners and those starting a family to research the options available to get their foot into the property market.”

The Department’s Communication and Stakeholder Relations Director, Mr Nathan Adriaanse, commented that “there are multiple benefits to home ownership. While it often means different things to different people, to most a home represents stability, ownership of an asset with value that will increase over time, and providing a legacy within the family that many generations can benefit from. A home also helps to build communities since many homeowners get involved in the affairs of the neighbourhood for the betterment of the entire community”.

Thus far, over 250 Western Cape residents have purchased their first homes in one of the department’s three developments, using the Help Me Buy a Home/FLISP subsidy. At present, there are a total of 571 housing units still available in the Eerste River Cape Town, George and Bredasdorp developments. Residents are encouraged to check the qualification criteria and to submit an application for one of the available housing opportunities.

Interested residents can apply directly to the department’s partners. All contact details of the three developments are available on the website. For more information on the Help Me Buy A Home/ FLISP subsidy, Western Cape residents can contact their nearest municipal housing office or the Department of Human Settlements on any of the below details.

Source: Government of South Africa