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The latest update is out from St. George Mining Ltd. ( (AU:SGQ) ).
St George Mining Limited has announced a binding Memorandum of Understanding with Shandong Xinhai Mining Technology & Equipment Inc for the development of the Araxá niobium-REE Project in Brazil. This agreement includes a strategic partnership for an EPC contract, with Xinhai committing to an A$8 million equity investment. This collaboration is expected to enhance St George’s project development capabilities and de-risk the Araxá Project, emphasizing its near-term development potential and favorable mining conditions in Minas Gerais.
More about St. George Mining Ltd.
St George Mining Limited operates in the mining industry, focusing on the development and extraction of mineral resources. The company is currently engaged in the high-grade Araxá niobium-REE Project in Minas Gerais, Brazil, indicating its focus on rare earth elements and related markets.
YTD Price Performance: 16.67%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €24.13M
Learn more about SGQ stock on TipRanks’ Stock Analysis page.
