St George Mining (ASX: SGQ) has confirmed an expansion of its international investor engagement with a dual listing on the Frankfurt Stock Exchange and the appointment of Dr Reuter IR as the Company’s European investor relations adviser.
The Frankfurt Stock Exchange is the second-largest bourse in Europe. St George is trading under the ticker FSE: SOG.
The listing on the FSE broadens St George’s exposure to a deep pool of European institutional and retail investors at a time of unprecedented investor interest in critical minerals projects that can potentially supply European demand.
Recent developments in the global market for rare earths products, triggered by China’s implementation of export restrictions on a range of rare earths elements and permanent rare earths magnets, have created a supply chain shock for the European and US economies that rely on imports from China for these critical metals and products.
This, in turn, has fuelled unprecedented investor interest in critical minerals projects outside of China.
St George owns 100% of the globally significant Araxá rare earths and niobium project in Minas Gerais, Brazil, where a major resource drilling program and early stage pre-development activities are underway.
The JORC-compliant total rare earths resource at Araxá – 40.6Mt @ 4.13% TREO and already one of the largest and highest-grade hard-rock rare earths deposits in the world – offers a potential alternative source of supply to European industries for highly sought-after rare earths products.
European investor relations specialist, Dr. Reuter IR, will assist St George Mining to broaden its investor base in Europe, particularly across the DACH region (Germany, Austria, and Switzerland).
Dr Eva Reuter, CEO of Dr Reuter IR, said:
“We look forward to working with St George Mining in Europe. This is a particularly salient time for companies in the rare earths space to engage with European investors as industries seek to lock in rare earth supply chains and investors seek access to quality companies.”
St George’s executive chairman, John Prineas, added:
“Our recent capital raising was strongly supported by European investors, highlighting the growing interest out of Europe for growth opportunities in the critical minerals sector.
“Our Frankfurt listing increases our exposure to European investors allowing another pathway for investment in St George shares.
“We look forward to working with the team at Dr Reuter IR and welcoming new European shareholders.
“Our globally significant rare earths and niobium resources in Brazil have the potential to deliver an alternative and sustainable supply chain to markets outside of China, providing St George with an opportunity to expand its global investor base.
“In addition to increasing St George’s profile in Europe, our international growth strategy includes forging downstream partnerships with rare earths and niobium end-users in the US and leveraging those relationships to access the US capital markets.
“These strategic initiatives will assist to position St George at the forefront of emerging critical minerals projects that can deliver solutions for global supply chains.”
No new shares were issued in connection with the dual listing on the Frankfurt Stock Exchange. The Australian Securities Exchange will continue to be St George’s primary exchange.
