St George Mining raises $8 million this quarter to advance lithium exploration
Melbourne, Victoria --News Direct-- St George Mining Ltd
St George Mining Ltd (ASX:SGQ) chairman John Prineas speaks with Proactive soon after announcing the company received a further vote of confidence in its critical minerals strategy with leading global battery materials player Shanghai Jayson New Energy Materials Co., Ltd making a further $3 million investment. This investment follows significant recent interest in St George from major operators in the battery and critical metals sectors including ATL’s $3 million equity investment in the company’s Lithium Star subsidiary. SGX also received commitments for a $2 million placement of new shares to domestic and international investors to further boost the company’s cash balance by $8 million this quarter.
“St George is delighted at this additional investment – a clear demonstration of Jayson’s faith in the potential of the company’s lithium projects that builds on its initial investment in St George a year ago," he said. "We welcome Jayson as St George’s largest shareholder as we work together to accelerate the development of the company’s critical minerals business."
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Proactive Investors
Jonathan Jackson
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Jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/st-george-mining-raises-8-million-this-quarter-to-advance-lithium-exploration-671607283
