St George Mining (ASX:SGQ) delivered a 30-kilogram bulk sample of rare earth material from its Araxá Project in Brazil to MagBras, Brazil's proposed rare earth element permanent magnet facility, for downstream studies into magnet production, according to a Tuesday Australian bourse filing.
The firm signed a memorandum of understanding with the facility to cooperate on research, development, and production of rare earth magnets regarding the supply of high-grade rare earth material from its project.
It added that it is evaluating opportunities to establish downstream partnerships in the US and other countries.
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