St George Mining Upscales Drill Program at Araxá Following $5 Million Placement

St George banks $5M from placement to ramp up Araxá Rare Earths Project

St George Mining (ASX:SGQ) has notched up commitments for a $5 million capital raise to accelerate the development of its flagship Araxá Project in Minas Gerais, Brazil – a significant leap forward for the rare earths project. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. The placement, comprising 131.6 million new shares at 3.8cps, was is…

St George Mining Upscales Drill Program at Araxá Following $5 Million Placement

St George Mining Limited (ASX: SGQ) has announced it will upscale its drill program at the Araxá Project in Minas Gerais, Brazil, after securing firm commitments for A$5,000,000 through a strategic placement. St George Mining is focused on the discovery and development of strategic minerals resources. The company’s primary focus is on its 100%-owned Araxá Project in Brazil. The placement, priced at A$0.038 per share, represents a 13.1% premium t…