St. George Mining Ltd. (AU:SGQ) has released an update.
St. George Mining Limited is set to make a significant leap into the niobium market with the acquisition of the advanced Araxá Niobium Project in Brazil, positioning them near the world’s largest niobium producer. Historical drilling data suggests the presence of substantial high-grade niobium and rare earth elements, with the mine conveniently located in an established mining district with essential infrastructure. The company has also secured $21.25 million in capital to fund the acquisition and associated exploration costs.
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