0132 GMT - St. George Mining's Araxa project in Brazil could be the next new source of niobium, given it neighbors operations of the world's largest niobium producer, closely held CBMM, Macquarie analysts say in a note. "Its speed to market is enabled by the access to infrastructure, operational know-how, and a skilled workforce in a stable regulatory regime," the analysts say. They say St. George's drilling program "continues to impress." They also highlight its exposure to rare earths, and strong market sentiment. "We see attractive value in SGQ," say the analysts. Macquarie has an outperform rating and A$0.20 target on the stock. It trades down 16% at A$0.089. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

November 04, 2025 20:32 ET (01:32 GMT)

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