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St. George Mining Ltd. ( (AU:SGQ) ) has shared an announcement.
St. George Mining Ltd. has announced that Itafos Inc., along with its associated entities CL Fertilizers Holding LLC and Castlelake, has become a substantial holder in the company, acquiring a 10% voting power through the acquisition of 266,782,003 ordinary shares. This acquisition was part of the consideration for the sale of Itafos’ Araxa Project, indicating a strategic move by Itafos and its associates to strengthen their position in St. George Mining Ltd. This development could have significant implications for the company’s operational dynamics and market positioning.
More about St. George Mining Ltd.
YTD Price Performance: 25.00%
Average Trading Volume: 32,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €24.03M
For a thorough assessment of SGQ stock, go to TipRanks’ Stock Analysis page.