Prineas outlined the acquisition of the Araxa project in Brazil for $21 million USD, the establishment of a highly experienced in-country team, and the company's growing recognition as a credible global player in the niobium and rare earths sector.
St George is now fully funded through to a financial investment decision. The company continues drilling at Araxa, with three rigs active and strong assay results anticipated to support a resource upgrade.
Strategic priorities for early 2026 include a resource upgrade, economic studies, and continued project de-risking to unlock shareholder value.