St George Mining Expands Araxa Rare Earths Project with Strategic AU$5 million Capital Raise

St George Mining Limited (ASX: SGQ) has secured AU$5 million through a strategic share placement at a 13.1% premium, reflecting robust investor confidence in its 100%-owned Araxá Project in Brazil. This capital injection will fund an aggressive expansion of the project’s drilling program, increasing from one to three diamond drill rigs, with over 9,000 metres of drilling planned. The goal is to extend and upgrade the current Mineral Resource Estimate of 40.6 Mt at 4.13% Total Rare Earth Oxides (TREO) and 41.2 Mt at 0.68% Nb₂O₅. Located in a prime mining region, Araxá offers surface-level high-grade mineralisation and logistical advantages. St George is actively pursuing downstream partnerships in the US and Brazil to meet growing global demand for non-Chinese rare earths supply chains. With strong government and corporate interest, particularly from the US Department of Defense and Apple, the company aims to fast-track development and create long-term value

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