This is going to be a monster as it progresses throughout the year imo. One of the best value plays on the ASX right now when compared to all the other Nb-REE stocks market caps, we need 50x + runs to catch some of them.
This is a solid announcement, 60% of the costs are absorbed by the Brazilian scientific agencies.
They key for me is this:
"St George will have exclusivity to commercialise the intellectual property (IP) developed by the co-venture for 10 years, with no royalty or other fee payable to EMBRAPII and SENAI – positioning St George to play an important role in Brazil’s critical metals supply chain."
Brazil is going to be one of the key mining hotspots moving forward - developing country, BRICS nation, less geopolitical risk compared to other global continents in large wars etc. If St George commercialise a solid processing opportunity which moves global, this could earn way more money than the Araxa Mine itself.
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