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 Mining raises $8 million this quarter to advance lithium exploration