Australia's St George Mining rises on potential offtake project

St George Mining

15/01/2025 01:07

** Shares of St George Mining  SGQ.AX  rise 13% to A$0.026,
their highest levels since Oct 25
    ** Stock rose as much as 21.7% earlier in the day, set for
its biggest intraday gain since Aug 12
    ** The diversified miner signed an agreement to potentially
work together with Liaoning Fangda Group on the Araxa niobium
project
    ** Co and Fangda to consider offtake agreement whereby
Fangda may secure a minimum 20% of potential niobium products
from the project
    ** Stock up 12% this year, including session's gains 
    

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com;))