After recently pivoting to a Brazilian focus, junior explorer St George Mining (ASX:SGQ) is looking to collaborate with a major Chinese steelmaker to supercharge its Araxà niobium and rare earths project.

Under a memorandum of understanding shared with the market this week, SGQ and Liaoning Fangda Group will assess commercial opportunities for offtake from Araxà and to support the project’s development pathway towards a fully fledged mining operation.

Already a hungry consumer of niobium, Fangda has aspirations to expand its yearly output to sit in the same class as big hitters like Nippon Steel and POSCO.

Tune in to get the full picture.

 

This article was developed in collaboration with St George Mining, a Stockhead advertiser at the time of publishing.

This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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