St George Mining: Signs another MoU for Mt Alexander

St George Mining Signs another MoU for Mt Alexander

• St George Mining (SGQ) signs a memorandum of understanding (MoU) with global battery manufacturing giant SVOLT Energy Technology
• The two-year agreement will see the companies potentially work together on developing SGQ’s Mt Alexander project in WA and eye other lithium opportunities
• Further, SVOLT may choose to invest up to $5 million in St George, and the companies may consider offtake arrangements, funding support or a potential joint venture
• This agreement follows St George entering a similar arrangement with leading battery investment company Shanghai Jayson New Energy Materials
• SGQ shares closed grey at 7.5 cents on Thursday afternoon