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St George Mining Ltd finalised the 100% acquisition of the Araxá niobium-rare earth elements (REE) Project in Brazil in February 2025
positioning the company at the forefront of global critical minerals development
The project lies within the same carbonatite complex as CBMM’s operation
offering logistical advantages including access to infrastructure and skilled labour
A maiden JORC 2012 Mineral Resource Estimate (MRE) for the project was announced in April
comprising 41.2 million tonnes (Mt) at 0.68% niobium oxide (Nb₂O₅) and 40.6Mt at 4.13% total rare earth oxides (TREO)
The estimate includes a significant portion of high-value magnet REEs (MREOs)
with 19.09% of the measured TREO resource made up of neodymium
The mineralisation is contained within the weathered profile and predominantly within 100 metres of surface
Grades up to 8.29% Nb₂O₅ and 32.98% TREO remain open in all directions
The resource provides a solid base for permitting
St George is also advancing a scoping-level metallurgical testwork program in partnership with leading Brazilian research agencies SENAI and EMBRAPII
To expedite development of the Araxá Project
St George entered a binding Memorandum of Understanding (MoU) with Shandong Xinhai Mining Technology & Equipment Inc
a global EPC+F contractor with a portfolio exceeding 2,000 mining projects
Xinhai will contribute expertise in plant design
metallurgical testing and non-dilutive financing
and has invested A$8 million in St George’s A$20 million placement
St George has also built a highly credentialed in-country team with over 80 years of combined experience in niobium operations
Key recruits include Ricardo Nardi (ex-CBMM Head of Mineral Processing)
Carlos Araujo (former engineering lead at CBMM)
and Thiago Amaral (sustainability lead at CBMM)
This team strengthens project governance and de-risks the development timeline
strategic partnerships have been formed with EMBRAPII and SENAI to advance downstream processing
and with Liaoning Fangda Group—one of the world’s largest steelmakers—on offtake and development collaboration
These initiatives place St George in a strong position to progress Araxá from exploration to production
At the Destiny Project in the Eastern Goldfields
an airborne magnetic survey is planned for Q2 2025 to map structures related to mineralisation
particularly across tenements covering the Mt Ida Fault
the company opted not to proceed with certain tenements under option with Belres Pty Ltd and WA Mining Partners Pty Ltd
retaining tenure over 495 square kilometres prospective for gold
auger drilling at the Buningonia Project identified a lithium anomaly with up to 145 parts per million (ppm) lithium oxide (Li₂O)
along with elevated levels of rubidium and caesium in over 130 samples
An aircore program of 125 holes is scheduled for Q2 2025 to follow up these promising results
2,000 metres of aircore drilling is also planned in Q2 2025
with the aim of refining geological interpretations and informing follow-up campaigns
St George shareholders unanimously approved the acquisition of the Araxá Project at an Extraordinary General Meeting held on February 18
the company completed a placement of A$20 million
Investors also received one free attaching option (A$0.04 strike
two-year expiry) for every two shares subscribed
Cash at quarter-end totalled A$5.26 million
an increase from A$4.49 million in the previous quarter
The company raised A$19.5 million in Q1 through equity funding and incurred A$15.9 million in tenement acquisition and related costs
Operational outflows included A$1.36 million on exploration and evaluation
St George reports sufficient funding for 2.44 quarters of activity at current burn rates and no borrowings
Payments of A$155,000 were made to related parties during the period
The company is fully funded to advance exploration and development programs across its portfolio
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St George Mining Melbourne/Sydney Investor Luncheon Presentation
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St. George Mining Ltd. ( (AU:SGQ) ) has provided an update
St George Mining Limited has completed the acquisition of the Araxá niobium-REE Project in Brazil
The company announced a maiden JORC-compliant Mineral Resource Estimate for the project
highlighting significant resources of niobium and rare earth elements
This development positions St George as a key player in the niobium and rare earth sectors
with potential for resource expansion and low-cost open-pit mining
The project is expected to advance permitting
enhancing the company’s industry standing
St George Mining Limited is a company operating in the mining industry
focusing on the exploration and development of mineral resources
The company is involved in the production of niobium and rare earth elements
with a strategic emphasis on projects located in established mining districts with existing infrastructure
See more insights into SGQ stock on TipRanks’ Stock Analysis page
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St. George Mining Ltd. ( (AU:SGQ) ) has provided an update
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Christopher Blevins did something he’s never done before last weekend: Win two UCI Mountain Bike World Cup men’s elite races in one weekend
The Durango Olympian showed he’s ready to fight at the top of the men’s elite field with strong legs and a strong mind for tactics in Araxá
Blevins won the cross-country short track race (XCC) in 21 minutes and two seconds
five seconds ahead of his Specialized Factory Racing teammate Victor Koretzky
Blevins did the double on Saturday by winning the cross-country Olympic race in 1:22:42
two seconds ahead of his Specialized teammate Martín Vidaurre
the results really are what you see on the outside
I've had moments where I didn't really realize this was the most successful run I've had in my career
because I'm just excited to keep doing what I'm doing.”
After Blevins had a win and a second-place finish at the first round of the World Cup in Araxá
Blevins said the second round course had a longer climb compared to the first round course
He described the second round as more of an interval session with two or three minutes of all-out effort and then five minutes to recover
sustained effort needed for those longer climbs and it paid off
It was hot and humid in Araxá for both weekends but especially last weekend
Blevins said the riders had dump bottles twice a lap and a full bottle of ice to keep them cool
Blevins didn’t have the best start from the front row as the riders began eight laps around the 1.39-kilometer short track
but many riders wanted to get ahead of the Specialized guys after seeing the dominance the Specialized team had during the first round of the World Cup the weekend before in Araxá
“It has an effect; it changes the way XC racing is perceived at the end of the day,” Blevins said about Specialized’s early dominance
but having that mass swarm of red jerseys on the front is a little intimidating for the other riders and it's really cool
These are the people you live with for most of the year and it goes beyond us as racers.”
Blevins made a move during the second lap and made it up to fourth at the start of the third
The top group stretched out a little bit at the end of the third lap as Blevins took the lead as the top group started their fourth lap
Luca Schwarzbauer did a lot of the work at the front in the middle of the race
Blevins made his move on the climb during the sixth lap and took the lead around the outside with a powerful attack
He fell back to second on the seventh lap behind Carter Woods
A lead group of four started the final lap
Blevins took the lead on the climb and attacked again
He destroyed Nino Schurter and Koretzky on the climb
gapping those two and building a five-second lead
The Durango star went through the jumps with ease and crossed the finish line sitting up
“Victor didn't feel as good as he did the first week
because I knew he's not someone you want on your wheel and always fights to the end.”
Blevins got a great start and led from the starting gun as the riders began the 10 laps around the 3.69 km XCO track
He led the first lap and Vidaurre took the lead as a lead group of 10 stared the second lap
Blevins dropped back to sixth as the top group attacked a climb but he made a move and held the lead during the third lap
Blevins and Koretzky had gap growing at the end of the fourth but decided not to go for a big attack to build a gap
The commentators for the race questioned the move not to build the gap
“It sort of was like a slinky effect every time; it would spread out
they could get back on the wheels,” Blevins said
“We were just trying to recover more because we knew it was a long climb.”
The race really broke when Fabio Püntener skipped the tech zone and went for it at the start of the ninth lap
creating a five-second gap to Blevins and the chasing group
Blevins and Vidaurre caught Püntener before he skipped the tech zone again at the start of the final lap
Blevins caught him on the climb on the final lap and took the lead
Fellow Specialized Factory rider Adrien Boichis led during the middle of the final lap as Blevins was close by in second
As the riders went from the grass to the final stretch on the pavement
Blevins got out of the saddle and attacked
Boichis didn’t have a response as Blevins surged to the line for the win
Blevins now leads the men’s elite standings after two rounds with 610 points
Koretzky is second with 510 points and Vidaurre is third with 420 points
“Winning a World Cup can make a season,” Blevins said
But I've only done it three times in my career
After a podium at the first round in Araxá
Durango resident Savilia Blunk couldn’t replicate the same success in the second round in Araxá
She finished 11th in the XCC women’s elite race on Friday and 14th in the XCO women’s elite race on Saturday
because it's been a super different build into the season than last year
“I've really approached my process and my preparation with being more relaxed
That kind of comes with an Olympic year and the pressure
But I really have tried to hone my process
to be more relaxed and just trusting that I'll be where I need to be when I'm there.”
Blunk liked both of the tracks in Araxá and thought round two had more natural and technical sections
whereas round one was like a pump track with a bunch of big hits with the jumps
Evie Richards won the XCC women’s elite race in 21:24 while Blunk crossed the line in 21:40
Jenny Rissveds won the XCO women’s elite race in 1:26:59 and Blunk crossed the line in 1:28:42
Blunk is excited for the rest of the World Cup
especially with how well her Decathlon Ford Racing team is doing; teammate Samara Maxwell finished on the podium last weekend
Blunk is intrigued with the possibility of doing team tactics with Maxwell if they’re both at the front in future races
Next up for Blunk is the Whiskey Off-Road in Prescott
Durango’s Riley Amos bounced back after a tough men’s elite debut in Araxá in round one
Amos finished 22nd in the men’s elite XCC race and 14th in the men’s elite XCO race
Amos was in the top five in the short track race before finishing 23 seconds behind Blevins
He finished 1:17 behind Blevins in the XCO race
“Beyond happy to be able to be in the top 15 in the second World Cup after not being able to finish last weekend,” Amos wrote on Instagram
“It was an absolute war for 1.5 hours but to be in the battle for it at the front was freaking cool
In 2 weeks I’ve learned so much already about how different these elite races are and how small race decisions and a bit of luck can take you from fighting for the podium to the 30’s in an instant.”
Durango’s Bailey Cioppa had a career day in the U-23 women’s XCO race on Saturday
earning her first U-23 top-10 finish with a ninth-place result
Cioppa finished ninth in 1:12:48 after seven laps around the Araxá round two course
Cioppa finished 16th in the women’s U-23 short track race in 19:32
“I'm super happy about it,” Cioppa said about her top 10
“I've been knocking on the door for a while and I'm super proud of that result.”
Cioppa said there was super tight racing and the second round track reminded her of riding in Durango
She had a lot of confidence and learned a lot the week before
She watched round one back and knew where she needed to be in the second round
I'm still trying to figure out a little bit,” Cioppa said
there are so many people who are good at good at them
have a tactical plan and you really have to be in the right place at the right time.”
Fellow Durangoan Lauren Aggeler finished 26th in the women’s U-23 XCC race and 27th in the women’s U-23 XCO race
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Niobium is used as an alloying agent in steels and in high-tech applications
Brazil currently has 98% of commercial Niobium reserves in the world
With its 14 spectral bands from the visible to the thermal infrared wavelength region and its high spatial resolution of about 50 to 300 feet (15 to 90 meters)
ASTER images Earth to map and monitor the changing surface of our planet
ASTER is one of five Earth-observing instruments launched Dec
The instrument was built by Japan's Ministry of Economy
A joint U.S./Japan science team is responsible for validation and calibration of the instrument and data products
The broad spectral coverage and high spectral resolution of ASTER provides scientists in numerous disciplines with critical information for surface mapping and monitoring of dynamic conditions and temporal change
Example applications are monitoring glacial advances and retreats; monitoring potentially active volcanoes; identifying crop stress; determining cloud morphology and physical properties; wetlands evaluation; thermal pollution monitoring; coral reef degradation; surface temperature mapping of soils and geology; and measuring surface heat balance
science team is located at NASA's Jet Propulsion Laboratory in Pasadena
The Terra mission is part of NASA's Science Mission Directorate
More information about ASTER is available at http://asterweb.jpl.nasa.gov/.
NASA Airborne Sensor’s Wildfire Data Helps Firefighters Take Action
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Round 1 marks the return of overall XCO and XCC reigning champion Alessandra Keller
Simon Andreassen edged a four-way dash to the line in the men's XCO here
holding off Victor Koretzky to clinch his first win in the event in four years
but with the American recovering from injury
there's plenty of intrigue surrounding Kira Böhm
who pulled off an U23 XCO-XCC double here 12 months ago
Batten's absence could also bode well for overall UCI XCO and XCC World Cup reigning champion Alessandra Keller
who's set to return from knee surgery this weekend
Read on for everything you need to know to watch a UCI Mountain Bike World Series live stream from anywhere
Fans in Switzerland can watch UCI Mountain Bike World Series live streams for FREE on SRF (simply log onto the website and click 'Live TV' in the menu bar)
but if you're traveling outside the country you can bypass geo-restricted with NordVPN
We use it on a daily basis – it's the best VPN for secure streaming and comes with a 30-day trial
The UCI Mountain Bike World Series is streaming on lots of platforms around the world
but what if you're abroad and don't want to fork out for a new subscription
or you want your preferred commentary team
it isn't listed on the streamer's schedule
You need a $16.99 per month Standard or $20.99 per month Premium plan to unlock access to live sports on Max
though you can get more bang for your buck by committing to a year or bundling up
In the UK, coverage of the UCI Mountain Bike World Series is being provided by TNT Sports
which will set you back £30.99 per month
though BT Broadband customers can get a discounted rate
Champions League and Europa League football plus rugby
A subscription will set you back CA$203.88 for the year or CA$39.99 monthly
Stan Sport has the rights to the UCI Mountain Bike World Series in Australia
Prices start from $15 per month for the Stan Sport addon (on top of a regular $12 Stan sub)
April 512.45pm – UCI Cross-country Short Track World Cup | Women U231.25pm – UCI Cross-country Short Track World Cup | Men U232.45pm – UCI Cross-country Short Track World Cup | Women3.25pm – UCI Cross-country Short Track World Cup | Men
April 611am – UCI Cross-country Olympic World Cup | Women U231pm – UCI Cross-country Olympic World Cup | Men U233.30pm – UCI Cross-country Olympic World Cup | Women5.30pm – UCI Cross-country Olympic World Cup | Men
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Ce week-end, Araxa (Brésil) accueille coup sur coup une seconde manche de Coupe du monde VTT 2025 – UCI Mountain Bike World Series. Après les U23
place aux courses de Short Track (XCC) élites
Voici les live timing et résultats sur FullAttack…
En parallèle, on vous propose de suivre la Coupe du monde XC 2025 d’Araxa en live via nos stories interactives sur Instagram : https://www.instagram.com/stories/highlights/18063719461960249/
Les champs obligatoires sont indiqués avec *
mon e-mail et mon site dans le navigateur pour mon prochain commentaire
Δdocument.getElementById( "ak_js_1" ).setAttribute( "value"
Après le XCC hier et les courses XCO U23
suivez à partir de 17h45 (5h de décalage horaire) ce samedi sur FullAttack
les courses XCO élites de la seconde manche de Coupe du monde VTT 2025 – UCI Mountain Bike World Series – à Araxa
live timing et résultats ci-dessous…
The Araxá Project hosts one of the world’s largest and highest-grade hard-rock rare earth resources
On 4 April 2025
China’s Ministry of Commerce announced new export controls on several rare earth elements and magnets
China currently processes about 90% of the world’s rare earths and magnets
These new measures are set to disrupt industries in the United States and other countries that depend on Chinese supply
Figure 1: The dominance of China in both mining and refining magnet REE [Source: IEA/Reuters]
This follows China’s December 2023 ban on exporting rare earth extraction and separation technologies
which gave China more control over global rare earth processing
The world now faces a pressing need to develop alternative and reliable sources
The Araxá Project presents a viable and strategic alternative. It contains a JORC-compliant resource of 40.64Mt @ 4.13% TREO
open-pit mining with mineralisation starting at the surface
near-surface deposit can support a long-life mining operation
The deposit remains open in all directions
and further drilling will soon begin to expand the resource
“This development is evidence that single-source supply chains are a risk, from China or anywhere else,” said John Prineas
“The need for a sustainable rare earths industry outside China has never been stronger.”
Figure 2: Comparative analysis of leading hard-rock rare earth deposits (ex-China)
This mineralisation remains open in every direction
indicating strong potential to expand the current Mineral Resource Estimate through further drilling
NdPr magnets are essential in sectors like defence
“St George’s Araxá Project has a total JORC resource of 40.64Mt @ 4.13% TREO,” said Mr Prineas
“This illustrates the potential value upside for St George as we progress through development studies and resource expansion drilling.”
Figure 3: Bubble chart illustrating Araxá’s global significance: NdPr-to-TREO ratio (Y-axis)
and resource size (bubble size) highlight its high grade and large-scale potential
St George has joined the MAGBRAS Initiative
This program aims to create Brazil’s first permanent magnet-making facility
Partners include auto giant Stellantis and leading Brazilian rare earth producers
Brazil holds the world’s third-largest rare earths reserves
The MAGBRAS program will help develop a local supply chain
The Araxá Project is well-positioned to support this vision
The Company has also signed a cooperation agreement with the State of Minas Gerais to accelerate approvals
St George has begun metallurgical testing using drill samples
The work will define processing options for niobium and rare earths products
It will also explore potential by-products like magnetite
This testing is being conducted with SENAI and EMBRAPII
Both are leading scientific agencies in Brazil
The Company’s in-country team includes former CBMM executives and engineers
These professionals bring extensive experience in mineral processing and project development
The region has a long history of mining and a skilled workforce
Over 95% of the current resource sits within 100 metres of surface
This supports the case for early-stage open-pit mining
Deeper mineralisation exists but is not yet included in the current estimate
St George acquired the Araxá Project on 27 February 2025
the Company has moved quickly to define the resource and advance development
St George’s Araxá Project is a rare earth deposit of global significance
scalability and near-surface resources make it a standout project
With development studies underway and drilling about to begin
the Company is positioning itself for long-term success
“China’s increased restrictions on the export of rare earths and permanent magnets have significantly disrupted the global supply chains,” said Mr Prineas
“One of the largest producing hard-rock rare earths mines outside of China is the Mt Weld mine… St George’s Araxá Project… illustrates the potential for a commercial rare earth mining operation at Araxá.”
St George Mining Limited (ASX: SGQ) has seen a significant uplift in investor sentiment following the strategic advancement of its Araxá Rare Earths Project
This momentum reflects growing investor confidence in the Company’s ability to position Araxá as a key rare earth asset outside China
particularly amid increasing geopolitical and supply chain concerns
The global rare earth elements (REE) market was valued at USD 3.95 billion in 2024 and is forecast to grow at a CAGR of 8.6% through 2030
Demand is being driven by critical applications in permanent magnets and automotive catalysts—core uses of neodymium-praseodymium (NdPr)
combined with St George’s recent milestones—JORC resource announcement
participation in Brazil’s MAGBRAS Initiative
and the launch of metallurgical testwork—strengthens the Company’s appeal as a high-leverage opportunity in the critical minerals space
Investors seeking exposure to the rare earth megatrend
particularly with geopolitical diversification outside China
may find SGQ well positioned for further upside
Disclaimer
COLITCO LLP accepts no responsibility for any claim
loss or damage as a result of information provided or its accuracy
The information provided on this site is general in nature
see a financial expert before making any investment decision
financial situation or needs have not been taken into consideration
There may be a conflict of interest present with commercial arrangements with companies and/or stock held
COLITCO LLP or an associate may receive a commission for funds raised
(TSX-V: IFOS) (the “Company”) is pleased to announce that
it has completed the sale of its 100% interest in its Araxá project to a wholly-owned subsidiary of St George Mining Limited (“St George”) (ASX: SGQ) (the “Transaction”)
St George now owns all of the outstanding securities of Itafos Araxá Mineracao E Fertilizantes S.A (“Itafos Araxá”)
Pursuant to the sale agreement with St George (the “Sale Agreement”)
the Company has received from St George the first installment cash payment of USD$10,000,000 (less withholding tax payable) and (a) 266,782,003 ordinary shares of St George (“SGQ Shares”) representing 10% of St George’s outstanding share capital
(b) 86,111,025 options to acquire SGQ Shares at an exercise price of AUD$0.04
expiring two years from the date of issue; and (c) 11,111,100 performance rights
convertible into SGQ Shares for no additional consideration upon St George reporting an Australasian Code for Reporting of Exploration Results
Mineral Resources and Ore Reserves (JORC) compliant inferred resource of no less than 25Mt @ 3.5% total rare earth oxide (“TREO”) at a cut-off of 2% TREO within five years from the date of issue
St George is required to make two additional cash installment payments to the Company as follows: (a) USD$6,000,000 nine months after completion of the transaction which occurred on February 26
2025 (“Completion”); and (b) USD$5,000,000 18 months after Completion (collectively
commented: “The sale of our non-core Araxá development asset demonstrates our commitment to delivering long term shareholder value
We are pleased to partner with St George as a 10% equity shareholder and to retain an indirect economic interest in the Araxá asset as St George develops this niobium rare-earth mineral asset to unlock its full value.”
The obligation of St George to make the Deferred Payments to the Company is secured by St George’s assets in Australia and Brazil until such time as the Deferred Payments have been received by the Company
The Araxá project is located in Minas Gerais
Brazil and hosts a niobium and rare earth elements deposit with the potential for development of a vertically integrated mine and extraction plant capable of producing rare earth oxides and niobium oxide to serve international markets
The Company is a phosphate and specialty fertilizer company
The Company’s businesses and projects are as follows:
The Company is a Delaware corporation that is headquartered in Houston
The Company’s shares trade on the TSX-V under the ticker symbol “IFOS”
The Company’s principal shareholder is CL Fertilizers Holding LLC (“CLF”)
For more information, or to join the Company’s mailing list to receive notification of future news releases, please visit the Company’s website at www.itafos.com
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St George Mining Limited (ASX: SGQ) (the “Company” or “St George Mining”) is accelerating its push into the critical minerals sector with the 100% acquisition of the high-grade Araxá Niobium-REE Project in Minas Gerais
This pivotal acquisition positions the company in one of the world’s premier niobium-producing regions
which dominates nearly 80% of the global niobium market
Since finalising the deal on February 27, 2025, St George Mining has swiftly initiated metallurgical testwork
a key component of the company’s development strategy
focuses on optimising the recovery of niobium and rare earth elements (REE) through flotation processing
It is being conducted in collaboration with Brazil’s leading scientific institutions
Located within the Barreiro Carbonatite Complex
the Araxá Project benefits from well-established infrastructure
Although only 10% of the project area has been drilled
the site presents considerable exploration upside
providing St George Mining with a strong foundation for future growth in the high-demand niobium and REE markets
Figure 1: St George mining mineral projects
On this acquisition, St George Mining’s Executive Chairman, Mr John Prineas, said
“Today is a landmark day for St George as we enter a new era
The high-grade niobium-REE Araxá Project represents a tremendous opportunity for St George to potentially become a globally significant player in the niobium sector.”
world-class project with extensive high-grade niobium and REE mineralisation confirmed by historical drilling
a long history of commercial niobium production in the region
access to existing infrastructure and availability of an experienced workforce
“We look forward to providing all shareholders with exciting news as we move quickly to prove the development potential at Araxá.”
St George has raised A$20 million to fund exploration and development activities for 2025
St George has also signed a Memorandum of Understanding (MoU) with Xinhai Group
Partnerships with SENAI/FIEMG aim to develop rare earth magnets and optimise niobium processing
Xinhai (and its nominees) invested A$8 million in the A$20 million equity fundraising completed by St George to support the Project acquisition
This investment shows confidence in the project’s potential and St George’s ability to develop it efficiently
St George signed a non-binding MoU with the State of Minas Gerais (Invest Minas)
The State will assist with accelerated regulatory approvals to recognise St George’s significant proposed investment in the Araxá niobium-REE Project
St George has selected three large representative samples (>60kg each) from historical drill holes at Araxá for comprehensive bench-scale testing
These samples from different lithological units provide a robust basis for evaluating processing efficiency
The testwork aims to define flotation parameters
and the potential for by-product extraction
Key highlights of the testwork process include:
Figure 4: Location of drill holes selected for metallurgical testwork (Datum: SAD69 UTM Zone 23S)
The tailings stream will also undergo further assessment for REE
supporting St George’s commitment to maximising resource utilisation
St George is committed to fast-tracking development at Araxá
leveraging its technical expertise and strong scientific partnerships
The bench-scale testwork will provide crucial data to refine the processing flowsheet
and support the final plant design and construction
“With our technical team and world-class scientific collaborators
we are positioned to unlock the full potential of Araxá’s high-grade niobium and REE mineralisation
Our structured testwork program ensures we optimise recoveries while exploring innovative processing solutions to enhance efficiency and sustainability.”
With the first test results expected in Q2 2025
St George remains on track to deliver a robust production strategy for high-value niobium and REE products
further solidifying its presence in the global critical minerals market
St George has paid Itafos Inc
with further payments totalling US$11 million over the next 18 months
Itafos has acquired a 10% stake in St George
aligning its interests with the project’s success
St George has also issued 86.1 million options at A$0.04 and 11.1 million performance rights
which will convert to shares upon meeting a JORC resource milestone of 25 Mt @ 3.5% TREO
The Araxá Project is situated within the renowned Barreiro Carbonatite Complex
a 5km-wide geological formation hosting extensive hard-rock niobium
The project is strategically positioned alongside world-class mining operations
which boasts a resource of 896 Mt @ 1.49% Nb₂O₅
and Mosaic’s Araxá phosphate mine with 519 Mt @ 13.4% P₂O₅
Recognised as the ‘dress circle’ of the global niobium industry
the Barreiro Carbonatite Complex contributes approximately 80% of the world’s niobium supply
Historical exploration at the Araxá Project has confirmed widespread
and phosphate mineralisation in near-surface weathered ore and deeper primary ore deposits
These results reinforce the project’s potential as a significant source of critical minerals essential for modern industries
Niobium and rare earth elements are central to the global clean energy transition
REEs like neodymium and praseodymium (NdPr) are crucial for permanent magnets used in wind turbines and EV motors
The global niobium market, valued at $2.5 billion in 2023
is controlled by just three producers: CBMM
This limited supply creates a significant opportunity for St George
especially with the rising demand for niobium in battery technologies
The Araxá Project’s high-grade mineralisation positions the Company to capitalise on this growth
the rare earth market is booming and is driven by the EV and renewable energy sectors
Figure 6: Niobium in its natural state
Figure 7: Mr John Prineas | Executive Chairman
Mr John Prineas is a driving force behind St George Mining’s strategic growth
specialising in commercial transactions across Australia and the Asia-Pacific
He later held key roles at Dresdner Bank AG
including General Counsel and Country Head
focusing on project finance for resources and infrastructure
With a Bachelor’s degree in Economics and Law
Prineas blends financial acumen with legal precision
positioning St George Mining as a prominent player in the global critical minerals sector
His leadership continues to steer the Company toward innovation and success
St George Mining is forging ahead with its plans to establish a strong foothold in the niobium sector
bolstering the company’s exposure to critical minerals essential for aerospace and energy storage industries
Key permitting milestones are progressing as planned
with an Environmental Impact Study (EIS) underway and major approvals anticipated by late 2026
This acquisition underscores St George’s commitment to expansion in the mining industry
reinforcing its reputation as an ambitious and forward-thinking player in the critical minerals space
St George’s current price of $0.018 reflects a potential entry point for growth-focused investors
The first round of the WHOOP UCI Mountain Bike World Series takes place this weekend at Araxá in Brazil
here's a preview of how to catch all the action
Whoop UCI MTB World Series XC Credit: UCI
The 2025 cross-country season is underway, and now it’s time for the UCI MTB World Series 2025 to start
there will be back-to-back rounds at the venue
with the second taking place on 10-12 April
check out Rebecca’s news story for an update
we’re guessing there won’t be much rain for the riders to worry about…
the first round of the UCI MTB World Series cross-country is in Araxá
It’s roughly 600km south of the country’s capital
and the highest point in the region is 973m
the altitude probably won’t pose a problem to the riders
is the humidity which is expected to be around 80%
The course itself will showcase the newest and best crosscountry mountain bikes
as well as forest sections – but the route will be different for each round
It’s set to be another fast and undulating experience for the riders
so it’ll be interesting to see whether the same riders as last year thrive on this kind of track
with the XC Short Track kicking things off
the XCO – Olympic distance follows suit
Evie Richards will be looking to make a strong start to her 2025 season
Photo credit: Bartek Wolinski / Red Bull Content Pool
but we’ve done the maths for you so you don’t have to figure out which race is on when
This man is entering his 21st season as a professional
But for those who will be using Discovery+ or watching on TNT Sports on a regular subscription
you will be able to watch both sets of Elite Women’s and Men’s races throughout the weekend
the Women’s Elite XCC race will be on from 15:45
and the men’s straight after at 17:00
the Women’s U23 XCO race will be on from 12:55
and the Men’s U23 XCO race on from 14:55
The Elite Women’s XCO race will be on from 17:00
and the Men’s Elite XCO race on from 19:15
Haley Batten started her season strongly with wins in both the XCC and XCO races in the first round in Brazil
Victor Koretzky won the Men’s Elite XCC race
and Simon Andreassen of Cannondale Factory Racing won the Men’s Elite XCO race
It’s always difficult to tell who’s riding well this early in the season
but there have been a few races outside of the World Series so far with riders like Jolanda Neff looking quite strong for her new Cannondale team
Pauline Ferrand-Prévot obviously won’t be on the start line this year
as she hung up her MTB race wheels last year
Rebecca Henderson will also be missing from the first round as she recovers from a broken shoulder sustained during the Australian National Championships…which she still won
Haley Batten could have been a strong contender to do it two years on the trot
but she’s decided to stay in the US rather and train rather than head to South America for the first rounds
winner of the overall 2024 World Cup Series
Loana Lecomte and Puck Pieterse will also be looking to impress early on this year
as she currently holds the World Champion bands
and started the year strong so he could be looking to repeat that success in 2025
World Champion Alan Hatherly left Cannondale to join road WorldTour Team Jayco AlUla
with a plan to combine his racing this year
Whether he will be there on Saturday remains to be seen
It wouldn’t be an XC ‘who to watch’ section without mentioning Nino Schurter
The Scott-SRAM MTB Racing Team rider is heading into his 21st World Cup season and looking to add to his win tally
le direct et tous les résultats des épreuves de coupe du monde de VTT prévues du 5 au 13 avril à Araxa (Brésil)..
Les dix manches d’endurance – cross-country olympique (XCO) et short track (XCC) – démarrent en force au Brésil
vont poser les bases d’une saison explosive
le Brésil avait déjà ouvert le bal avec une double manche 0 Mairipora puis Araxa
Simon Andreassen (Danemark) et Jenny Rissveds (Suède) avaient brillé en XCO le premier week-end
suivis par les Américains Christopher Blevins et Haley Batten le second
rejointe par Sam Gaze (Nouvelle-Zélande)
Araxá promet encore du grand spectacle dès le coup d’envoi
Samara Maxwell 🇳🇿 — 1:24:03 (Decathlon Ford Racing Team)
Nicole Koller 🇨🇭 — 1:24:07 (+4s) (Ghost Factory Racing)
Savilia Blunk 🇺🇸 — 1:24:07 (+4s) (Decathlon Ford Racing Team)
Alessandra Keller 🇨🇭 — 1:24:15 (+12s) (Thömus Maxon)
Jennifer Jackson 🇨🇦 — 1:24:49 (+46s) (Orbea Fox Factory Team)
Sina Frei 🇨🇭 — 1:24:55 (+52s) (Specialized Factory Racing)
Jenny Rissveds 🇸🇪 — 1:24:55 (+52s) (Canyon CLLCTV XCO)
Loana Lecomte 🇫🇷 — 1:24:55 (+52s) (BMC Factory Racing)
Kelsey Urban 🇺🇸 — 1:25:01 (+58s) (KMC Ridley MTB Racing Team)
Victor Koretzky (Specialized Factory Racing) — 1:19:32
Christopher Blevins (Specialized Factory Racing) — 1:19:42 (+10s)
Martin Vidaurre Kossmann (Specialized Factory Racing) — 1:20:01 (+29s)
Lars Forster (Thömus Maxon) — 1:20:02 (+30s)
Nino Schurter (Scott-SRAM MTB Racing Team) — 1:20:02 (+30s)
Filippo Colombo (Scott-SRAM MTB Racing Team) — 1:20:03 (+31s)
Adrien Boichis (Specialized Factory Racing) — 1:20:05 (+33s)
Jordan Sarrou (BMC Factory Racing) — 1:20:05 (+33s)
Luca Schwarzbauer (Canyon CLLCTV XCO) — 1:20:19 (+47s)
Gustavo Xavier de Oliveira Pereira (Specialized Racing BR) — 1:20:19 (+47s)
Jenny Rissveds 🇸🇪 — canyon cllctv xco — 1:26:59 (+0)
Samara Maxwell 🇳🇿 — decathlon ford racing team — 1:27:27 (+28)
Evie Richards 🇬🇧 — trek factory racing - pirelli — 1:27:33 (+34)
Jennifer Jackson 🇨🇦 — orbea fox factory team — 1:27:36 (+37)
Tamara Wiedmann 🇩🇪 — mondraker factory racing xc — 1:27:43 (+44)
Loana Lecomte 🇫🇷 — bmc factory racing — 1:28:00 (+1:01)
Nicole Koller 🇨🇭 — ghost factory racing — 1:28:08 (+1:09)
Nina Graf 🇩🇪 — lapierre racing unity — 1:28:18 (+1:19)
Sina Frei 🇨🇭 — specialized factory racing — 1:28:24 (+1:25)
Kelsey Urban 🇺🇸 — kmc ridley mtb racing team — 1:28:24 (+1:25)
Christopher Blevins 🇺🇸 — Specialized Factory Racing — 1:22:42 (+0)
Martin Vidaurre Kossmann 🇨🇱 — Specialized Factory Racing — 1:22:44 (+2)
Adrien Boichis 🇫🇷 — Specialized Factory Racing — 1:22:45 (+3)
Simone Avondetto 🇮🇹 — Wilier-Vittoria Factory Team — 1:22:59 (+17)
Luke Moir 🇿🇦 — — 1:23:02 (+20)
Victor Koretzky 🇫🇷 — Specialized Factory Racing — 1:23:04 (+22)
Jordan Sarrou 🇫🇷 — BMC Factory Racing — 1:23:04 (+22)
Fabio Püntener 🇨🇭 — — 1:23:19 (+37)
Jofre Cullell Estape 🇪🇸 — BH Coloma Team — 1:23:21 (+39)
Luca Schwarzbauer 🇩🇪 — Canyon CLLCTV XCO — 1:23:30 (+48)
Itafos ( (TSE:IFOS) ) just unveiled an update
has completed the sale of its Araxá project in Brazil to St George Mining Limited
receiving $10 million and a 10% equity stake in St George
This strategic move aligns with Itafos’ focus on enhancing shareholder value by divesting non-core assets
while maintaining an indirect interest in the Araxá project’s development potential in niobium and rare earth elements
is a phosphate and specialty fertilizer company headquartered in Houston
It operates several businesses and projects
including vertically integrated phosphate fertilizer operations in Idaho
as well as high-grade phosphate mine projects in Guinea-Bissau and Pará
The company’s shares are traded on the TSX-V under the ticker symbol ‘IFOS’
and its principal shareholder is CL Fertilizers Holding LLC
Technical Sentiment Consensus Rating: Sell
See more data about IFOS stock on TipRanks’ Stock Analysis page
Itafos ( (TSE:IFOS) ) just unveiled an update
American Specialized Factory rider closes with XCO win as New Zealand’s Maxwell comes second to Jenny Rissveds in final battle at Araxá
Christopher Blevins (Specialized Factory) wins the XCO and takes the series lead(Image credit: WHOOP UCI Mountain Bike World Series)Elite women's podium at WHOOP UCI Mountain Bike World Series round 2 Araxá
Brazil(Image credit: WHOOP UCI Mountain Bike World Series)Jenny Rissveds (Canyon CLLCTV) on her way to victory(Image credit: WHOOP UCI Mountain Bike World Series)Christopher Blevins and Samara Maxwell have come out on top of the rankings after the two opening battles of Whoop UCI Mountain Bike World Series in Brazil
which finished with a scorching cross-country Olympic (XCO) battle in Araxá on Saturday
Even though Koretzky fell away from the top spots on the final climb of the XCO race it was another Specialized Factory Racing sweep of the top three in round 2
Martin Vidaurre was second this time and Adrien Boichis charged into third
As a result the team also hold the top four series spots overall.
"I’ll take it race by race," said Blevins
discussing his overall lead in comments from the UCI Mountain Bike Series media release
just as I would if it didn't go well this weekend.
I really want to perform well in Europe so that’s my goal now.”
as well as second in the short-track behind Evie Richards (Trek Factory).
In round two of the racing Richards was once again the short-track winner
though this time Maxwell finished eighth before lining up for a hot cross-country Olympic race on Saturday
While Jenny Rissveds (Canyon-CLLCTV) who claimed the round 2 XCO win with a long solo sortie
Maxwell bounced back to comfortably retain the overall lead with second place on Saturday
Brazil has been pretty insane for me to have these results," said Maxwell
105 points ahead of second-placed Rissveds and heading into the third round in Nové Město from May 23-25.
It certainly wasn't the position Maxwell expected to be in on shifting into the elite ranks after having worked through a considerable number of challenges in recent years from an eating disorder to Red Energy Deficiency in Sport (RED-S)
her hopes weren't high for the second as the reversed court didn’t suit her as well and she had also had a tough run-in
I got my period at the start of the week and I was a mess," said Maxwell
couldn’t move – I was just in a foetal position for about three days with cramps but I just hoped it would get better and it did
"Then the next day I just K’od on a corner so I’m covered in bandages ..
She joined Cyclingnews as a Production Editor at the start of the 2021 season and has now moved into the role of Australia Editor
Previously she worked as a freelance writer
Australian Editor at Ella CyclingTips and as a correspondent for Reuters and Bloomberg
Cycling was initially purely a leisure pursuit for Simone
but in 2015 her career focus also shifted to the sport
St George Mining (ASX:SGQ) is conducting a $20 million capital raising to fund acquisition costs for the Araxá Niobium-Rare Earth Element Project in Minas Gerais
GBA Capital is acting as lead manager and bookrunner to the placement.
is held by Itafos (CVE:IFOS) subsidiary Itafos Araxá Mineracao E Fertilizantes
The company has signed a cooperation agreement with the State of Minas Gerais for expediting regulatory approvals for the project
St George entered into an agreement with Itafos whereby privately held Niobium Dragon would acquire all of Itafos’s shares.
St George will pay US$10 million ($16 million) cash and deferred cash payments of US$6 million
nine months after closing the transaction and an additional US$5 million 18 months after closing.
which is expected to occur between late February and early March
is subject to completing certain conditions by 15 March
These conditions include St George conducting a $20 million capital raise and securing shareholder approvals.
investors will be able to subscribe for shares at $0.02 per share
Subscribers will also receive one free attaching option for every two shares subscribed for
exercisable at $0.04 within two years.
The funds will be used for paying the first US$10 million installment and an inaugural drilling program at Araxá
as well as working capital and acquisition costs.
Araxá is considered a de-risked asset with potential for high-grade niobium and rare earth mineralisation
which has been confirmed by drilling and a long history of niobium production in the region
The company reports “high-grade” mineralisation begins from surface
with more than 500 intercepts of niobium greater than 1% and rare earths with grades up to 8% niobium pentoxide and 33% total rare earth oxide
St George notes that the project has access to infrastructure and workforce
as well as first-rate in-country management and government support for expedited project approvals.
St George Mining is focused on developing critical mineral projects in Brazil and Western Australia.
Write to Aaliyah Rogan at Mining.com.au
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Skip to ContentEnergy Drinks
All Red Bull Energy Drinks
St George Mining (ASX: SGQ) has announced a transformative JORC 2012 Mineral Resource Estimate (MRE) for its Araxá Project in Brazil
marking a milestone in the critical minerals sector
The MRE outlines high-grade niobium and rare earth resources
vital for global green technologies and advanced manufacturing
This positions St George to tap into the growing demand for these minerals
Figure 1: 3D perspective of Araxá MRE – Nb₂O₅ grades (looking northeast)
The MRE defines 41.2 million tonnes (Mt) at 0.68% Nb₂O₅), (6,800ppm Nb₂O₅)
containing 280,000 tonnes of niobium oxide
Niobium is essential for high-strength alloys in aerospace
Niobium’s high-tech applications ensure strong market demand
The MRE also defines 40.6 Mt at 4.13% Total Rare Earth Oxides (TREO)
including high-value magnet rare earths (MREOs) used in electric motors and wind turbines
These high-value MREOs comprise 19.09% of the measured TREO resources
Drilling at Araxá has confirmed exceptional grades
with intersections as high as 8.29% Nb₂O₅ and 32.98% TREO
The mineralisation remains open in all directions
offering significant potential for resource expansion
The Araxá Project
strategically located in the state of Minas Gerais in southeastern Brazil
one of the most significant mining regions globally
This region is home to various rich mineral deposits
including some of the world’s largest niobium reserves
The project benefits from excellent access to regional infrastructure
providing a strategic advantage for future transportation and export of minerals
Figure 2: East-West Long Section of the Araxá Project MRE – TREO grades (looking north, 20m window)
Brazil is a leading global producer of niobium and rare earth
Araxá’s location within this prolific mining district provides St George with direct access to a robust supply chain
and favorable government support for mining ventures
Brazil’s commitment to environmental protection and sustainable mining practices aligns with St George’s vision for the long-term development of the Araxá Project
“This is a transformational milestone for St George Mining
confirming Araxá as a globally significant deposit for both niobium and rare earths,” said Executive Chairman John Prineas
“With world-class grades reaching 80,000ppm niobium oxide (8% Nb₂O₅) and 330,000ppm (33%) total rare earth oxides
we are poised to play a leading role in the critical minerals supply chain.”
“Securing an EPC+F contract with a global leader reinforces our commitment to fast-tracking development.”
The Araxá Project’s substantial resource base
and strategic location provide a compelling investment opportunity
As global demand for critical minerals grows
St George is well-positioned to capitalise on favourable market conditions
The Company’s proactive development approach
strong leadership and financial backing set the stage for significant value creation
with a 52-week range between $0.016 and $0.045
The Company has approximately 2.67 billion shares outstanding
St George’s path towards production aligns with the increasing global demand for these critical minerals
St George Mining is rapidly advancing the Araxá Project to become a key supplier of critical minerals essential for green technologies
With an extensive resource base and high-grade mineralisation
the Company is positioned to capitalise on the surging demand for niobium and rare earths and establish itself as a significant player in the global minerals market
Kalo tek përmbajtjaEnergy Drinks
Downhill Junior category: available for free live on YouTube and the UCI Mountain Bike World Series website – also live on GCN+
Eurosport and Discovery+Elite semi-finals: available for free live on YouTube and the UCI Mountain Bike World Series website – also live on GCN+
Eurosport and Discovery+Finals: live on GCN+
Eurosport and Discovery+Cross-countryElite short track: live on GCN+
Eurosport and Discovery+U23 XCO: available for free live on YouTube and the UCI Mountain Bike World Series website – Also live on GCN+
Eurosport and Discovery+Elite XCO: live on GCN+
Eurosport and Discovery+Discover more bike content
Watch highlights of Round 1's cross-country action on the challenging terrain surrounding Araxá in Brazil
Watch highlights of Round 2's cross-country action on the challenging terrain surrounding Araxá in Brazil
The dust hasn’t even settled from last weekend and already the UCI Cross-country world cup is back for more in Araxá
high humidity and loud Brazilian crowds made for an electric season opener
and now the world’s best endurance riders are lining up again—same venue
With fresh course features and only a few days of recovery
round two of the 2025 Whoop UCI Mountain Bike World Series is less of a clean slate and more of a continuation
With another elite race weekend on deck, the question looms—will riders follow protocol or keep pushing back?
A post shared by Jennifer Ming Jackson (@jennjacksonxc)
In the women’s field, all eyes are on 23-year-old Kiwi Samara Maxwell. After taking her first elite XCO world cup win last Sunday—and a second-place finish in the short track—Maxwell has a shot at a historic Araxá double.
Canada’s Jenn Jackson had an incredible weekend last week with a sixth in both XCO and XCC. Plus Emilly Johnston has been cleared to race the XCO a scary crash last week. She’ll be sitting out the XCC tomorrow.
A post shared by Emilly Johnston (@emilly_johnston)
last week belonged to Specialized Factory Racing
Victor Koretzky and Christopher Blevins pulled away early and never looked back
working together like clockwork until Koretzky broke free late in the race
In Canada you can watch the U23 events on the UCI YouTube channel here. For the elite events, the only way to watch it in Canada is on FloSports
With the podium protest still fresh and the riders’ open letter still unanswered
there’s a bigger narrative unfolding in the background
the mountain bike community has stood together to fight for its identity
Whether the podium holds three riders or five this weekend
everyone will be watching—not just for who wins
Get the digital edition of Canadian Cycling Magazine
St George Mining is advancing its Araxá niobium-rare earths project in Brazil at a critical time for global supply chains
This follows recent restrictions imposed by China on exports for rare earth elements and permanent magnets
The company recently announced a maiden JORC resource of 40.64 million tonnes at 4.13 per cent total rare earth oxides (TREO), positioning Araxá as “a globally significant resource with development studies underway”
“China’s increased restrictions on the export of rare earths and permanent magnets have significantly disrupted the global supply chains for these commodities which are critical to a wide range of sectors including defence
robotics and medical equipment,” St George Mining executive chair John Prineas said
“This development is evidence that single-source supply chains are a risk
located in Brazil’s Tier 1 mining jurisdiction of Minas Gerais
contains 320,000 tonnes of high-value neodymium-praseodymium (NdPr)
With mineralisation open in all directions and significant mineralisation below 100m from the surface which isn’t included in the current mineral resource
the company will drill to grow the resource
St George is also supporting Brazil’s broader critical minerals ambitions through its participation in the MAGBRAS Initiative
which aims to develop the country’s first permanent magnet manufacturing supply chain
The company signed a memorandum of understanding (MoU) with SKI HongKong Limited (SKI) in October 2024 to support the development of the Araxá niobium-rare earth elements project
St George and SKI will consult with each other on the marketing
offtake and financing opportunities that arise at Araxá
with the aim of progressing the project through feasibility studies for mine development
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Evie Richards opens the UCI Mountain Bike World Series 2025 season in style with victory in Araxa
Christopher Blevins powers past his Specialized Factory Racing team-mate Adrien Boichis to complete the double in Araxa
The 2025 WHOOP UCI Mountain Bike World Series opened with a bang—and a few hard hits—in Araxá
as Canada’s top cross-country racers launched into the new season
Saturday’s XCC result was solid; sixth place behind some of the sport’s true legends
Sunday’s XCO race wasn’t the clean start to the year she’d envisioned after a crash mid-race took her off the pace
we’re all just happy she’s okay
but she clawed her way back through the field to finish a remarkable sixth in the elite women’s XCO race
It’s a solid result and a promising sign that Jackson will be a factor all season long.
A post shared by Emilly Johnston (@emilly_johnston)
Emilly Johnston’s weekend was a mixed bag of emotions to be sure
racer went down hard on Araxá’s notoriously technical course and was taken to hospital with a good whack to the noggin
Initial reports are that Johnston remained conscious after the crash but was held for observation as a precaution
Head got knocked on some chunky rocks pretty good and ended up taking my first ambulance ride
working on getting recovered n ready for next week.”
Jackson’s sixth in the elite field put her in the mix with the world’s best
Of course it was the U23 women’s race where Canada really stole the podium: Isabella Holmgren took the top spot and Ella McPhee took second
Next up is the second round of the series; it’s at the same place
same time (but a week later) and it should have the same amount of drama