St George Mining Limited has entered into a strategic partnership with MagBras to advance the development, research, and potential production of rare-earth magnets. This collaboration marks a significant step for St George Mining as it delivers a large-scale material sample from its fully controlled Araxá project to MagBras, making it a pioneering effort among emerging project developers in Brazil. The Araxá project boasts a high-grade deposit of 40.64 million tonnes of ore with an average content of 4.13% total rare-earth oxides (TREO). This partnership not only positions St George Mining as a forward-thinking player in the critical raw materials sector but also opens access to an integrated value chain for rare earths in Brazil. With increasing geopolitical interest, particularly from the United States, the collaboration underscores the potential to become part of new, secure supply chains for critical metals.
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