St George Mining Advances Araxá Project with Minas Gerais

St. George Mining Ltd. (AU:SGQ) has released an update.

St George Mining Ltd. has entered into a non-binding Memorandum of Understanding with the State of Minas Gerais to expedite regulatory approvals for the Araxá niobium-REE Project in Brazil. This collaboration aims to enhance domestic supply chains for critical metals vital to the clean energy transition, underscoring the project’s strategic importance to both local and federal economies. The agreement promises to de-risk and accelerate the project, highlighting the significant value of St George’s investment in the region.

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