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St George Mining raises A$60M to advance Araxá rare earths project with record drill intercept in Brazil

Market News
03 Jul 2026
Proactive Investors - Finance
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Bullish
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St George Mining Ltd raised A$60 million, including A$20 million from Hancock Prospecting, to accelerate development of its Araxá Rare Earths and Niobium Project in Brazil. The company reported its thickest mineralised intercept to date—199.5 metres of high-grade mineralisation starting from surface—highlighting the project's strong potential. St George has appointed Worley as feasibility technical manager and plans further drilling updates, metallurgical test results, and a scoping study within six months. A final investment decision is targeted within 12 to 18 months, with permitting processes underway in an established mining region with existing infrastructure.

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The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Viasat and BMW Group demonstrate the first integrated automotive satellite voice call, enabling connectivity in remote areas.

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Iran warns of crushing retaliation if US targets its infrastructure amid escalating strikes.

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Solana (SOL) holds steady in the mid-$70s, boosted by $500M USDC mint, institutional access, and ETF momentum.

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