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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
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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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