BUZZ-Australia's St George Mining gains on co-venture deal for Araxa project

Reuters

2025/01/09

** Shares of St George Mining SGQ.AX rise as much as 14.3% to A$0.024, their biggest intraday pct gain since Oct 21

** Co signs co-venture with Brazilian scientific agencies EMBRAPII and SENAI for development of downstream processing and production of niobium, rare earths at Araxa project in Brazil

** 6.8 mln shares traded so far vs 30-day avg of 6.4 mln

** Stock fell 26.5% in 2024

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@ThomsonReuters.com))

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