🚀 St George Secures A$72.5M to Fast-Track Araxá Rare Earths–Niobium Project Towards FID

St George Mining Limited (ASX: SGQ) has locked in A$72.5M through a strongly supported equity raising, including a strategic investment from Hancock Prospecting — recognising the world-class scale and strategic importance of the Araxá Project in Brazil.

📌 Funding Highlights:

💰 A$50M Institutional Placement at A$0.10/share led by major North American & European funds.

🤝 A$22.5M Strategic Placement to Hancock Prospecting, strengthening the shareholder base with a highly credentialed partner.

🔑 Funds to accelerate resource upgrade, pilot plant development, permitting, feasibility work & deferred consideration to Itafos Inc.

🌍 Araxá hosts six of the US Top 10 Critical Minerals including niobium, samarium, terbium, dysprosium, lutetium & gadolinium.

🧭 China’s new export controls intensify the race for diversified rare earth supply chains.

🪨 Araxá: Largest and highest-grade carbonatite-hosted REE resource in South America, second-highest grade in the Western world.

📈 Investor Outlook:

This funding round anchored by major institutional investors and Hancock highlights strong market conviction in Araxá’s scale and strategic significance. With global policy shifts accelerating demand for critical minerals, St George is well positioned to fast-track to FID and potentially emerge as one of the few next-generation rare earths–niobium producers. Its Tier 1 location, near-surface mineralisation, and logistical advantages offer a clear pathway to project de-risking and potential value uplift.

📊 Last price: A$0.145 | Market Cap: A$338.75M

📢 Read more: https://colitco.com/st-george-mining-raises-72m-araxa-rare-earths-project

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