St George Mining: Strategic Alliance to Advance Rare Earths

St George Mining Limited (ASX: SGQ) has entered into a strategic alliance with US-based REAlloys Inc to commercialize its Araxá Project in Brazil, one of the world’s highest-grade rare earth and niobium deposits. The partnership focuses on metallurgical test work, process optimization, and downstream integration to produce magnet-ready rare earth products. REAlloys, a key US magnet supplier with defense and energy contracts, is positioned to secure up to 40% of Araxá’s production under a potential long-term offtake agreement.

The Araxá Project, located in Minas Gerais, holds 40.6Mt at 4.13% TREO and 41.2Mt at 0.68% niobium, with favorable logistics supporting fast-tracked development. Drilling continues to expand the resource base, while government support and strategic partnerships enhance project momentum. This alliance provides St George with a pathway into the US supply chain, supporting efforts to diversify rare earth sourcing outside China and accelerate development of sustainable, high-grade resources

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