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
