St George Mining Secures $5M to Fast-Track Araxá Drilling Campaign

Matterofspace026 Jul, 2025Business

St George Mining Limited (ASX: SGQ) has successfully secured $5 million via a strategic placement to fund the next phase of its drilling program at the Araxá Niobium and Rare Earth Elements (REE) Project in Brazil. The capital raise will support expanded exploration efforts aimed at uncovering high-grade mineralization zones and fast-tracking development opportunities in one of South America’s most promising critical minerals provinces. The placement reflects strong investor confidence in Araxá’s long-term potential and aligns with global demand for critical metals essential to green technologies and advanced manufacturing.