St George Mining Limited (ASX: SGQ): Government Confirms Financial Support for World-Class Araxรก Project ๐ง๐ท๐
St George Mining has secured a major boost for its Araxรก NiobiumโRare Earths Project in Minas Gerais, Brazil, with the State Government confirming a preferential tax regime that significantly reduces development costs.
๐น 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.
๐น Strong Government Backing The tax agreement was signed by Governor Romeu Zema and key state departments, reinforcing Minas Geraisโ commitment to fast-tracking Araxรกโs development.
๐น Pilot Plant & Technology Centre A new large-scale pilot plant at CEFETโs Araxรก Campus will support mineral processing and hydrometallurgical refinement, with capacity to produce ferroniobium and rare earth products including MREC and REO.
โ๏ธ World-Class Resource Base
41.2Mt @ 0.68% NbโOโ
40.6Mt @ 4.13% TREO (Globally significant niobium and rare earths resource)
๐ Investor Outlook With fiscal concessions feeding directly into feasibility studies, expedited approvals, pilot plant development, and ongoing high-grade drilling, Araxรก 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.
๐ Read more: https://colitco.com/st-george-secure-tax-support/













