# St George Mining signs MoU with Xinhai for Araxá niobium-REE project in Brazil

St George Mining signed a binding MoU with Shandong Xinhai Mining Technology & Equipment Inc for collaboration on the Araxá Niobium-REE Project in Brazil, including an A$8 million equity investment and an EPC contract.

- Type: Partnership
- Announced: 2025-02-11
- Where: Minas Gerais, Brazil, Brazil
- Value: $5.20M (8.00M AUD)
- Status: announced
- Products: niobium and rare earth elements
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [St George Mining](https://endata.com/companies/73649.md)
- [Shandong Xinhai Mining Technology and Equipment](https://endata.com/companies/37875.md) (partner)

## Sources

- [proactiveinvestors.com](https://www.proactiveinvestors.com/companies/news/1066085/st-george-mining-in-groundbreaking-mou-with-global-mining-engineering-firm-xinhai-1066085.html), 2025-02-11: "The two companies have signed a binding Memorandum of Understanding (MoU) that provides a framework for collaboration and includes an A$8 million equity investment and engineering, procurement and construction (EPC) deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.