St George Mining (ASX:SGQ) has extended its strategic alliance with US-based REalloys, originally announced in September 2025, to further explore potential offtake arrangements for high-grade rare earths from St George’s Araxá Project in Minas Gerais, Brazil.
REalloys, a vertically integrated rare earths company supplying magnet materials to US government agencies and industrial partners, is conducting metallurgical testing on rare earth oxalate samples from Araxá to optimise processing for magnet production.
The extension allows up to one year for detailed test work and flowsheet development, with the goal of securing a long-term offtake contract for up to 40% of Araxá’s production.
The world-class Araxá deposit, the largest and highest-grade carbonatite-hosted rare earths resource in South America, positions St George to become a key supplier in the US rare earths supply chain, supporting North American efforts to reduce reliance on foreign sources.
At the time of reporting, St George Mining's share price was $0.12.