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St George Mining Secures A$60 Million to Fast-Track Araxá Rare Earths Project
9:04am on Wednesday 17th of June, 2026 AEST
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Mining
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St George Mining Secures A$60 Million to Fast-Track Araxá Rare Earths Project
9:04am on Wednesday 17th of June, 2026 AEST
Key Points
A$60 million institutional placement at A$0.10 per share
Hancock Prospecting commits A$20 million, increasing stake to ~10.5%
Funds earmarked for feasibility studies and investment decision at Araxá
Placement split into two tranches, second tranche subject to shareholder approval
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St George Mining (ASX:SGQ)
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