Street Talk
Rare earths explorer St George buys Brazilian project; raise underway
Junior explorer St George Mining has signed a binding deal to buy the Araxa niobium project in Brazil’s Minas Gerais for $38 million. Now, it’s asking fund managers to tip in $21.25 million to bankroll the purchase.
St George Mining’s raising pitch centred on its M&A target’s proximity to niobium bigwig CBMM’s mines. Louise Kennerley
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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