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St George Mining Secures A$8M Boost and EPC Deal for Araxá Project

8:46am on Wednesday 12th of February, 2025 AEDT Mining
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St George Mining Secures A$8M Boost and EPC Deal for Araxá Project

8:46am on Wednesday 12th of February, 2025 AEDT
Key Points
  • Binding MoU signed with Shandong Xinhai Mining Technology & Equipment Inc.
  • Xinhai commits A$8 million equity investment in St George's A$20 million fundraising
  • Negotiations underway for fixed-price EPC contract and strategic partnership
  • Araxá Project positioned for expedited development in Minas Gerais, Brazil
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