Shares of St George Mining (ASX:SGQ) experienced an uptick of as much as 7.5% today, reaching a height of A$0.043, a peak not seen since the end of July.

The mining exploration company announced its successful acquisition of seven lithium prospecting projects situated in Western Australia, unexpectedly boosting the value of its stock.

Furthermore, the company has announced that exploration of these new projects is slated for the year 2023.

Despite this recent hike, overall, the company’s stock has seen a substantial downslide of approximately 40% since the beginning of the year.St George Mining is an exploration company resolute in the discovery, development, and extraction of wealth-creating mineral resources.