St George Mining Invests R$ 250 Million to Boost Rare Earths Project in MG

Written by Sara Aquino

Published on 17/10/2025 at 18:17

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St George Mining Invests R$ 250 Million in the Araxá Project (MG) and Advances in Rare Earth Production, Seeking to Reduce Dependence on China.

St George Mining, an Australian mining company specializing in strategic metals, announced on Thursday (10/16/2025) the raising of R$ 250 million to accelerate the Araxá Project in Minas Gerais, considered one of the largest rare earth reserves in South America.

The investment marks a new phase in the advancement of the enterprise, which aims to reach the Final Investment Decision (FID) and establish Brazil as a relevant player in the global market dominated by China.

St George Mining Bets on Expansion in Brazil

The funds raised, according to an official statement from St George Mining, came mainly from North American and European funds.

ARTICLE CONTINUES BELOW

Recent Discovery Reinforces Potential of the Araxá Project

In September 2025, St George Mining confirmed a new high-grade discovery of rare earths and niobium in Araxá, increasing the potential of the mineral deposit.

The news boosted the company’s shares on the Australian Stock Exchange, which recorded a 23.1% increase, reaching 0.096 Australian dollars, the highest value since 2021.

The Araxá Project, located in the Triângulo Mineiro region, hosts about 40 million tons of ore with a high concentration of rare elements, including samarium, lutetium, terbium, dysprosium, and gadolinium — all listed by the U.S. government as critical and strategic minerals for energy transition and high-tech industry.

Impact of China and Brazil’s Role in the Global Market

St George Mining highlighted in a statement that the recent restrictions imposed by China on the export of rare earths are transforming the global landscape.

As China dominates over 80% of the global production of these minerals, countries like Brazil emerge as strategic alternatives to diversify supply.

“These changes in global policies increase the demand for short-term development projects, which can be beneficial for Brazil,” the company reported.

In addition to the economic benefit, the advancement of the Araxá Project also has geopolitical relevance, aligning Brazil with discussions on mineral supply security among the United States and Western allies.

Brazilian Government Intensifies Dialogue with the U.S.

The federal government is already moving to strengthen its position in negotiations regarding critical minerals.

The Minister of Mines and Energy, Alexandre Silveira, confirmed that he will meet this October with U.S. Energy Secretary Chris Wright to discuss bilateral cooperation in the mineral sector.

The initiative seeks to attract investments and ensure that the country participates in global value chains aimed at the production of batteries, semiconductors, and clean technologies, sectors that rely heavily on rare earths.

Challenges and Next Steps for St George Mining in MG

Despite the optimism, the Araxá Project is still in the preparatory phase. The mining company needs to obtain environmental and operational licenses, in addition to finalizing the technical project of the mine before beginning commercial production.

According to previous records, the Araxá site was tested in 2013, when an experimental plant managed to extract minerals with 99% purity and efficiently eliminate radioactive waste — results that reinforce the potential of the deposit.

With the new investment and collaboration with CEFET-MG, St George Mining hopes to accelerate industrial testing and move towards the final investment decision, a milestone that will officially confirm the start of construction of the mine and processing facilities.

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St George Mining Invests R$ 250 Million to Boost Rare Earths Project in MG

St George Mining Invests R$ 250 Million in the Araxá Project (MG) and Advances in Rare Earth Production, Seeking to Reduce Dependence on China.

St George Mining Bets on Expansion in Brazil

Recent Discovery Reinforces Potential of the Araxá Project

Impact of China and Brazil’s Role in the Global Market

Brazilian Government Intensifies Dialogue with the U.S.

Challenges and Next Steps for St George Mining in MG

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St George Mining Invests R$ 250 Million to Boost Rare Earths Project in MG

St George Mining Invests R$ 250 Million in the Araxá Project (MG) and Advances in Rare Earth Production, Seeking to Reduce Dependence on China.

St George Mining Bets on Expansion in Brazil

Recent Discovery Reinforces Potential of the Araxá Project

Impact of China and Brazil’s Role in the Global Market

Brazilian Government Intensifies Dialogue with the U.S.

Challenges and Next Steps for St George Mining in MG

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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