St George Mining Secures Shareholder Approval for Araxá Niobium-REE Project Acquisition

St. George Mining Ltd. ( (AU:SGQ) ) has issued an announcement.

St George Mining Limited announced that its shareholders have overwhelmingly approved the acquisition of the Araxá Niobium-REE Project in Minas Gerais, Brazil. This strategic acquisition positions St George to potentially become a significant player in the global niobium market due to the project’s location near CBMM’s world-leading operations and the confirmed high-grade mineralization. The company has already established a skilled team in Brazil and secured governmental support to expedite project approvals, highlighting the project’s potential for substantial, long-term value creation for stakeholders.

More about St. George Mining Ltd.

St George Mining Limited operates within the mining industry, focusing on the exploration and development of high-grade mineral projects. The company is primarily involved in the extraction of niobium and rare earth elements (REE), with a significant market focus on becoming a key player in the niobium sector.

YTD Price Performance: 50.0%

Average Trading Volume: 32,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €28.49M

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