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The latest update is out from St. George Mining Ltd. ( (AU:SGQ) ).
St George Mining Limited has signed a Memorandum of Understanding (MoU) with Liaoning Fangda Group, a major global steel producer, to collaborate on the development of the Araxá niobium-REE Project in Brazil. This strategic partnership could significantly advance the project, offering potential financial and technical support, as well as a commitment for Fangda to secure a minimum of 20% of the niobium products. The MoU highlights the strategic importance of the Araxá Project as a global niobium supplier, and positions St George as a key player in the global niobium market, supported by Fangda’s extensive industry expertise and demand for niobium in steel production.
More about St. George Mining Ltd.
St George Mining Limited is involved in the mining industry, focusing on the development of the Araxá niobium-REE Project in Brazil. The company aims to position itself as a global player in niobium production, leveraging its confirmed niobium mineralization and existing regional infrastructure.
YTD Price Performance: -8.33%
Average Trading Volume: 22,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €17.2M
Find detailed analytics on SGQ stock on TipRanks’ Stock Analysis page.
