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St George deepens US ties for Araxá critical minerals

MiningJan 28, 2026

United States | South America

St George Mining has engaged Washington advisory firm Ervin Graves Strategy Group to strengthen relationships with US government agencies as Washington accelerates efforts to secure critical mineral supply chains across the Western Hemisphere.

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.

Recent Developments

3/31/2026

St George Mining's Strategic Rare Earths Push Amid 321% Rally Masks Dilution Concerns

St George Mining (SGQ) has surged over 321% year-to-date on bullish sentiment around its flagship Araxá rare earths project in Brazil, driven by high-profile international promotion and a new processing partnership with Spanish firm Tecnicas Reunidas. However, an upcoming capital raise signals potential shareholder dilution, creating a critical test of whether the company can convert strategic partnerships into tangible operational progress before 2028 production targets.

3/24/2026

St George Mining Surges as Index Inclusion and Rare Earths Progress Drive Investor Interest

St George Mining (SGQ) has experienced significant price volatility recently amid multiple positive developments including index inclusion and operational progress at its Araxa rare earths and niobium project. The company's stock has declined 4.35% to face recent selling pressure, with analyst sentiment turning cautious despite strategic advances and new share issuance to fund development.

3/18/2026

St George Mining's Araxá Resource Surge Drives Rally Amid Rare Earths Momentum

St George Mining (ASX:SGQ) has delivered substantial resource upgrades at its Araxá project in Brazil, expanding rare earth oxide reserves to 70 million tonnes and niobium to 95 million tonnes. Despite a sell rating from analysts, the company's strategic partnerships and ongoing drill success have shifted market sentiment positively, with recent developments highlighting significant production potential.

2/10/2026

St George Mining's Araxá Drilling Fuels Share Surge

St George Mining (ASX:SGQ) shares have experienced heightened volatility amid stellar drilling results from the Araxá rare earths and niobium project in Brazil, boosting trading volumes and drawing bullish analyst attention despite recent pullbacks.

2/3/2026

St George Mining Advances Araxá Amid Volatile Trading

St George Mining (ASX:SGQ) reports strong drilling results at Araxá project in Brazil, boosting niobium and rare earth potential, though share price shows recent declines and high volatility. Positive market sentiment driven by US partnerships, with analysts noting Hold ratings.

St George Mining

SGQ
St George Mining Limited (ASX:SGQ) is a West Perth-based exploration company targeting critical minerals like niobium, rare earths, lithium, nickel, and copper. Key assets include the Araxá Project in Brazil—acquired in 2025 with a maiden resource of 41.2 Mt at 0.68% Nb2O5 and 40.6 Mt at 4.13% TREO—and Western Australia's Mt Alexander project.
Australian Securities Exchange (ASX)