St George Mining Limited (ASX: SGQ): European Alliance Strengthens Rare Earths Strategy at Araxá

St George Mining has signed a strategic MoU with Tecnicas Reunidas S.A., a leading European engineering group, to advance rare earths processing test work for the high-grade Araxá Rare Earths & Niobium Project in Brazil.

The collaboration provides access to advanced European processing expertise and supports St George’s strategy to build global supply pathways for critical minerals used in permanent magnets and clean energy technologies.

🔎 Key Highlights

• Strategic MoU with Tecnicas Reunidas, a global engineering leader in rare earths processing • Test work to optimise processing flowsheet for Araxá rare earth resource • Tecnicas Reunidas leads the EU-backed PERMANET Project focused on permanent magnet supply chains • PERMANET initiative includes 32 partners across 12 countries • Potential access to European rare earths markets • Complements existing strategic collaborations in the US (REalloys) and Brazil (MagBras) • Supports downstream strategy for magnet metals critical to EVs, wind turbines and electronics

🗣️ Management Commentary

Executive Chairman John Prineas highlighted that the partnership with Tecnicas Reunidas provides access to world-class rare earths processing expertise and strengthens the pathway to develop Araxá as a globally significant supplier of critical magnet metals.

📍 Strategic Importance

The collaboration enhances St George’s positioning across multiple jurisdictions, supporting supply chain diversification for rare earth permanent magnets amid growing global demand for energy transition technologies.

📊 Market Snapshot

Share Price: $0.112 Market Cap: $445.33M

📈 Investor Outlook

With strategic partnerships spanning Europe, the US and Brazil, St George continues to build global pathways to commercialisation for Araxá, positioning the project as a key future supplier of rare earths essential to electrification and advanced manufacturing.

🔗 Read more: https://colitco.com/st-george-mining-europe-rare-earths-deal-colitco/

⚠️ Disclaimer: This is not investment advise, please do your own research for any investment decisions.

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