Just the Facts: St George Mining secures potential partnership for Araxá

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from St George Mining (ASX:SGQ). The company has signed a non-binding Memorandum of Understanding (MoU) with SKI Hong Kong Limited to support the development of the Araxá Niobium-Rare Earth Element Project in Brazil. The MoU provides a framework for collaboration on marketing, offtake and financing, aiming to progress the project through feasibility studies and toward a financial investment decision. SKI could secure up to 20% of niobium products from the project through potential offtake agreements. The partnership also includes funding support through investment or pre-payment and marketing rights for niobium products. St George plans to produce sample niobium products by the first half of 2025 using a pilot plant at Araxá for testing by SKI and its clients. St George believes the partnership with SKI highlights the strategic significance of Araxá as a globally important supplier of niobium. SKI’s expertise in niobium and steel materials positions it as a strong strategic partner for St George. The MoU is considered a major step in de-risking the project by facilitating technical and financial collaboration. The acquisition of the Araxá Project, approved by shareholders in October 2024, is nearing completion, with exploration scheduled to begin by the end of the year. #ProactiveInvestors #StGeorgeMining #ASX #JusttheFacts #AraxáProject #Niobium #RareEarthElements #SKIHongKong #MiningPartnership #FeasibilityStudy #NiobiumProducts #MiningInvestment #MetalsTrader #BrazilMining #OfftakeAgreements #ProjectDevelopment #MiningNews #ResourceExploration #CriticalMetals #PilotPlant #MineralExploration #InvestmentOpportunity #StrategicPartnership