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St George Mining Secures Strategic MoU with Fangda to Boost Araxá Niobium Project
8:25am on Wednesday 15th of January, 2025 AEDT
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Mining
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St George Mining Secures Strategic MoU with Fangda to Boost Araxá Niobium Project
8:25am on Wednesday 15th of January, 2025 AEDT
Key Points
Non-binding MoU signed with Liaoning Fangda Group for Araxá project collaboration
Potential Fangda offtake commitment for minimum 20% of niobium products
Fangda may provide project financing and technical support
Fangda aims to expand steel production capacity, increasing niobium demand
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