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St. George Mining Ltd. ( (AU:SGQ) ) has shared an announcement.
St George Mining Limited has successfully secured A$72.5 million in institutional funding and strategic investment to advance its Araxá rare earths-niobium project in Brazil. The funding, which includes a significant investment from Hancock Prospecting, will be used to upgrade the mineral resource estimate, conduct metallurgical test work, and move towards a final investment decision for mine development. The Araxá Project is noted for its high-grade critical minerals, including niobium and several rare earth elements, which are vital for global supply chains. This development positions St George as a key player in the critical minerals market, especially in light of recent global policy shifts affecting rare earths supply.
More about St. George Mining Ltd.
St George Mining Limited is a company operating in the mining industry, focusing on the exploration and development of critical mineral resources. Its primary products include rare earth elements and niobium, with a significant market focus on the Araxá Project in Brazil.
YTD Price Performance: 360.0%
Average Trading Volume: 22,115,325
Technical Sentiment Signal: Buy
Current Market Cap: A$338.8M
For detailed information about SGQ stock, go to TipRanks’ Stock Analysis page.