#quarterlyupdate

Following quarter-end, Carbonxt completed a further $750,000 convertible note package on 16 April 2026. This funding supports capital expenditure for the Minnesota pellet manufacturing expansion, another US$250,000 investment into Kentucky, and broader working capital requirements.

St George Mining has released its latest quarterly update, showcasing strong momentum at its flagship Araxá Rare Earths–Niobium Project in Brazil—reinforcing its position in the global critical minerals space.

🔎 Quarterly Highlights

75% increase in Mineral Resource to 70.91Mt @ 4.06% TREO & 0.62% Nb₂O₅

Confirms Araxá as one of the largest & highest-grade deposits globally

High-grade mineralisation from surface, supporting low-cost open-pit potential

Ongoing drilling continues to expand scale, including standout 178.7m intercept

Strategic downstream partnerships advancing across key global markets

Government support secured, including development incentives

Strong cash position of ~$43M to support continued exploration & development

📊 Market Snapshot

Share Price: $0.132 Market Cap: $510.91M

🚀 Investor Takeaway

With scale, grade, and strategic positioning aligning, SGQ is advancing Araxá as a globally significant rare earths & niobium project—well placed to benefit from rising demand across EVs, AI, and defence sectors.

🔗 Read more: https://colitco.com/st-george-mining-surges-ahead-as-araxa-emerges/