Just the Facts: St George Mining in MoU to fast-track Araxá Niobium-REE Project

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from St George Mining Ltd (ASX:SGQ). The company has signed a Memorandum of Understanding (MoU) with the Minas Gerais State Economic Development Department and Invest Minas. The agreement prioritises regulatory support for St George's Araxá Niobium-Rare Earth Elements Project in Brazil, intended to fast-track exploration and mining licences to reduce project timelines. The Araxá Project, recognised by Invest Minas as a high-priority initiative, is expected to play a significant role in Brazil’s critical metals sector, supporting sustainable regional growth. This collaboration aims to develop local supply chains for niobium and rare earth elements (REEs), both essential in renewable energy technologies. St George’s local plans include hiring regional suppliers and workforce to stimulate job creation in Minas Gerais. The company’s executive team in Perth and a newly established team in Brazil will focus on developing these local supply chains, advancing the project’s sustainable impact. #ProactiveInvestors #StGeorgeMining #ASX #JusttheFacts #AraxáProject #Niobium #RareEarthElements #InvestMinas #CleanEnergy #MinasGerais #SustainableMining #MiningPartnership #EconomicGrowth #CriticalMetals #RenewableEnergy #MiningBrazil #ResourceDevelopment #LocalJobs #MiningMoU #BrazilMining #CriticalMinerals #MiningNews #GlobalSupply