St George Mining Confirms European Listing, Shares Down 3%

MT Newswires Live
08/18

St George Mining (ASX:SGQ) confirmed its dual listing on the Frankfurt Stock Exchange under the ticker SOG, while it said it maintains a primary listing on the Australian Securities Exchange, according to a Monday Australian bourse filing.

The company said the listing broadens its exposure to European institutional and retail investors at a time of unprecedented investor interest in critical minerals projects that can potentially supply European demand.

The company added that it continues to assess increasing access to US capital markets through a potential listing on a US stock exchange and downstream partnerships in the US for both rare earths and niobium products.

The company currently has a drill program underway at its Araxa project in Brazil with five drill rigs deployed and the next assay results due later this month.

The company's shares fell nearly 3% in recent Monday trade.

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