St George Taps US Advisor to Boost Araxá Rare Earths
United States | South America
The move comes as US policymakers and financiers increase deployments into critical minerals globally, including recent major funding and loan packages and a multilateral focus on supply-chain partnerships. SGQ’s mandate for Graves is to advance discussions on commercial arrangements and public–private partnerships to support project development.
Araxá is a carbonatite-hosted deposit described by the company as the largest and highest-grade in South America and the second-highest grade REE deposit in the Western world. Three drill rigs are operating 24/7, assays are pending for 32 holes, the campaign has been extended into 2026 and a resource upgrade is expected later this quarter.
Corporate links and downstream plans include an expanding partnership with US magnet maker REAlloys, pilot-plant collaboration with CEFET, participation in the MAGBRAS initiative, and prior demonstrations of >99% purity rare earth product with high recoveries. The company is advancing environmental, geotechnical and development studies and targets permitting by Q4 2026.
Near-term catalysts are drill results that expand the resource footprint, clarification of downstream processing strategy (notably US-facing options), pilot trials and progress on permitting and offtake discussions.