The latest update is out from St. George Mining Ltd. ( (AU:SGQ) ).
St George Mining Limited has announced the strategic importance of its high-grade rare earths deposit at the Araxá Project in Brazil, amid global supply chain disruptions caused by China’s export restrictions on rare earth elements. The Araxá Project, with its significant mineral resource, offers a potential alternative supply of rare earths, crucial for various industries including defense and electric vehicles. The project is positioned to benefit from Brazil’s initiative to establish a permanent magnet-making facility, and ongoing development studies and drilling are expected to further enhance its resource potential.
More about St. George Mining Ltd.
St George Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary focus is on rare earth elements, with significant projects like the Araxá Project in Brazil, which aims to provide an alternative supply of rare earths amidst global supply chain challenges.
YTD Price Performance: 25.00%
Average Trading Volume: 32,000
Technical Sentiment Signal: Hold
Current Market Cap: €26.54M
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