An announcement from St. George Mining Ltd. ( (AU:SGQ) ) is now available.
St George Mining Limited has completed the acquisition of the Araxá niobium-REE Project in Minas Gerais, Brazil, marking a significant step in its strategic expansion into the niobium sector. The project is located in a world-class niobium-producing district, offering substantial development potential due to its proximity to existing infrastructure and a skilled workforce. The company is fully funded for 2025 to conduct drilling and development studies, with plans to commence a 5,000m drill program and produce sample niobium and REE products. This acquisition positions St George at the heart of the global niobium market, with the potential to become a major player in the industry.
More about St. George Mining Ltd.
St George Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of niobium and rare earth elements, with a strategic market focus on becoming a significant player in the niobium sector.
YTD Price Performance: 50.0%
Average Trading Volume: 32,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €23.89M
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