St George deepens US ties for Araxá critical minerals
United States | South America
The adviser will support outreach for St George’s 100%-owned Araxá rare earths–niobium project in Minas Gerais, Brazil. Araxá hosts a maiden Mineral Resource Estimate of 40.6Mt at 4.13% TREO (2% TREO cut-off) and a niobium resource of 41.2Mt at 0.68% Nb2O5 (0.2% cut-off), with mineralisation from surface and potential for open-pit extraction.
The appointment follows heightened US policy and financing actions aimed at diversifying supply beyond China, including a reported US$1.6 billion financing package linked to USA Rare Earth and up to US$465 million of DFC support for another Brazilian project. Ervin Graves, with senior-level US government and defence policy experience, will help position Araxá within emerging mine-to-magnet priorities and pursue potential US funding and downstream partnerships.
St George cites Araxá’s favourable Minas Gerais location, established infrastructure, significant carbonatite-hosted grades comparable to major global deposits, selection under Brazil’s MagBras initiative, a state cooperation agreement to expedite permitting, and a strategic downstream alliance with US-based REalloys as enablers for rapid development.
"Araxá aligns closely with US policy to support critical minerals in the Western world," said executive chairman John Prineas.