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How St George’s A$72.5M Raise Could Unlock Araxá’s Rare Earths Potential
9:25am on Monday 13th of October, 2025 AEDT
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Mining
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How St George’s A$72.5M Raise Could Unlock Araxá’s Rare Earths Potential
9:25am on Monday 13th of October, 2025 AEDT
Key Points
A$72.5 million equity raise led by major North American and European institutional investors
Strategic placement of A$22.5 million to Hancock Prospecting, pending shareholder approval
Funds allocated to resource upgrades, permitting, metallurgical testing, and feasibility studies
Araxá hosts high-grade rare earth elements and niobium critical to US and global supply security
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ST GEORGE MINING (ASX:SGQ)
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