#mineralsindustry

St George Mining has secured a major boost for its Araxá Niobium–Rare Earths Project in Minas Gerais, Brazil, with the State Government confirming a preferential tax regime that significantly reduces development costs.

🔹 State Tax Exemptions Approved Under the regime, equipment and materials for both the pilot plant and full-scale operation will be exempt from state goods tax (up to 18%), directly improving project economics.

🔹 Strong Government Backing The tax agreement was signed by Governor Romeu Zema and key state departments, reinforcing Minas Gerais’ commitment to fast-tracking Araxá’s development.

🔹 Pilot Plant & Technology Centre A new large-scale pilot plant at CEFET’s Araxá Campus will support mineral processing and hydrometallurgical refinement, with capacity to produce ferroniobium and rare earth products including MREC and REO.

⛏️ World-Class Resource Base

41.2Mt @ 0.68% Nb₂O₅

40.6Mt @ 4.13% TREO (Globally significant niobium and rare earths resource)

📊 Investor Outlook With fiscal concessions feeding directly into feasibility studies, expedited approvals, pilot plant development, and ongoing high-grade drilling, Araxá continues to de-risk and strengthen its pathway toward production.

SGQ last traded at $0.096, with a market capitalisation of approximately $365.69M. Government-backed cost reductions and a globally significant resource position St George as a strategically aligned rare earths and niobium developer within emerging Western Hemisphere supply chains.