Australia's St George Mining rises on funding for Brazil project expansion

St George Mining

25/07/2025 05:18

** Shares of St George Mining SGQ.AX rise as much as 5.1% to A$0.041, their highest level since July 15

** Critical minerals developer receives commitments for A$5 mln via placement to upscale diamond drill programme at Araxa project, Brazil

** Project has high-grade niobium and rare earth element mineralisation

** Co assessing opportunities to establish downstream partnerships in the U.S. for rare earths processing and magnet production amid surging demand for non-China supply

** About 19.2 mln shares change hands, 1.1x the 30-day average

** YTD, stocks up ~60%

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))