Welcome to our dedicated page for Star Alliance news (Ticker: STAL), a resource for investors and traders seeking the latest updates and insights on Star Alliance stock.
Star Alliance International Corp. (STAL) issues frequent updates on its activities across gold mining, mining technology, fintech, artificial intelligence and digital assets. Its news flow covers developments at its gold mining assets, progress on the Genesis mineral extraction system, steps toward a gold-linked digital asset, and agreements to acquire or fund technology-focused businesses.
Recent announcements describe work on gold mines in California and contracts related to a mine in Honduras, as well as a joint venture with Lionworks to advance the Genesis extraction system and a planned acquisition of a controlling interest in Genesis. The company’s releases also discuss the development of StarAU, a gold-backed digital asset, including research and structuring work with the Knightsbridge Group and plans for regulatory filings.
Star Alliance’s news also highlights its diversification into fintech and artificial intelligence. It has reported agreements with NetSimple, a fintech platform provider, and HRaspirin, a benefits and HR-focused software company, along with funding advances to AIEnglishGPT, an AI-driven English instruction platform. These updates outline how the company aims to integrate proprietary software and technology into its broader holding structure.
Another key theme in STAL news is corporate and regulatory activity. The company has discussed its S-1 registration process, audit rework following the suspension of a prior auditor, and a line of credit agreement. It has also announced the sale of its assets to NoHo, Inc. (DRNK) in exchange for DRNK stock and described plans for a dividend of DRNK shares to Star Alliance shareholders. Investors and observers can use this news stream to follow how the company manages its mining, technology and capital markets objectives over time.
Star Alliance International Corp. (OTC: STAL) has announced the completion of its asset sale to NoHo, Inc. (OTC: DRNK) in exchange for DRNK's publicly traded shares. This strategic move comes after STAL faced significant regulatory and financial challenges in 2024, including rejected audits and OTC market reclassification.
Following the transaction, Anthony Anish, STAL's CEO, has assumed the CEO position at DRNK. STAL shareholders will receive DRNK shares as a dividend distribution once DRNK completes its audits and registration statement becomes effective. The company aims to pursue a 15C-211 filing with FINRA while maintaining its DRNK holdings.
Star Alliance International Corp. (OTC PINK:STAL) provided a shareholder update on August 20, 2024. Key points include:
- A $25 million line of credit with Keystone Capital Partners, , signed on May 17, 2024, remains unfunded.
- The company's S1 filing was rejected due to the suspension of their auditor, necessitating reaudits for 2023 and 2024.
- Despite challenges, STAL is raising funds through alternative sources and progressing with planned acquisitions and projects.
- The company remains optimistic, citing positive progress on the Genesis system for mining and a gold-backed digital asset launch in Europe.
- STAL anticipates entering 2025 as cash flow positive, despite delays in their growth timeline.
HRaspirin, a subsidiary of Star Alliance International Corp. (OTC PINK:STAL), is in the final testing phase of its new HRADocs program, an electronic signature and document management system. The product, initially developed for exclusive client use, has evolved into a robust platform that will be offered to businesses and individuals at competitive prices. Key features include:
- Unlimited users and data points
- Document tracking and archived progression
- Customizable dashboard
- Attachment integration
The global digital signature market was valued at approximately $5.3 Billion in 2023, growing over 50% since the COVID-19 pandemic. HRaspirin aims to launch the final product in September, targeting a share of this expanding market with its competitive pricing and unique advantages.
Star Alliance International Corp. (OTC PINK:STAL) has signed an agreement to acquire 51% of HRaspirin, effective by August 15, 2024. HRaspirin, founded in 2018, provides proprietary software solutions for HR benefit management. The company's 2024 revenue is expected to be around $2 million with strong net income. With STAL's support, HRaspirin anticipates revenues nearing $10 million for 2025. This acquisition marks STAL's second step in growing its Fintech division, bringing innovative software solutions for business clients. STAL's management is also focusing on their gold mine, Genesis, and an Artificial Intelligence Company.
Star Alliance International Corp. (OTC Pink:STAL) has signed a new agreement with DigiPro Payments, , operating as NetSimple. The deal, set to close by July 31, 2024, aims to bolster NetSimple's fintech services tailored for small and medium-sized businesses, including scalable payment processing, web design, and SaaS solutions. Currently, NetSimple generates $150,000 to $200,000 in monthly revenue and is profitable. With STAR's financial backing, revenues are expected to grow to $500,000 to $600,000 monthly over the next year. NetSimple's management is optimistic about increased revenues and profits through this collaboration. STAR's President, Richard Carey, mentioned that this acquisition is part of their broader strategy in fintech and gold mining sectors, with more details to follow.
Star Alliance International Corp. (STAL) has filed its financial statements for the three and nine months ended March 31, 2024. The company faced delays due to working on a $25 million line of credit and an S-1 registration. The SEC has requested a re-audit of the 2022 and 2023 10-Ks as the previous auditor was suspended. Despite multiple meetings, the SEC did not grant a waiver. The company plans to complete the re-audit by early September 2024 and refile the S-1 shortly after. This delay will not impact the company's growth and acquisitions. President Richard Carey expressed disappointment but remains optimistic about the company's future, particularly with upcoming mining operations in Honduras.
Star Alliance International Corp. (OTC PINK:STAL) announced a joint venture with Lionworks to produce an independent report on the Genesis extraction system, finalize its worldwide patent application, and fund initial mining operations using this system.
The Genesis system is touted as revolutionary, extracting up to 98% of minerals like gold and rare earth elements in 12-48 hours, compared to traditional methods that take 40-120 days to extract 40%. The environmentally friendly and sustainable process ensures safe waste sequestration and recycling.
Star will acquire a 51% controlling interest in Genesis upon the completion of the report and patent filing. The company plans to start gold production in nine months at a site in Honduras with a 350 ton per day Genesis extraction system.
Richard Carey, President and Chairman, emphasized the partnership's potential to set a new industry standard.
Star Alliance International Corp. (STAL) announced a significant funding milestone aimed at advancing AIEnglishGPT, their AI-driven English instruction program. This funding precedes the acquisition of a 51% stake in AIEnglish. STAR also plans to finalize acquisitions of Genesis Extraction System and Net Simple, and to complete an appraisal of reserves at the Troy mine, which they aim to reopen. Richard Carey, President and Chairman, highlighted the growth potential of these acquisitions and thanked shareholders for their patience during the credit paperwork process. CFO Anthony Anish noted efforts to complete the delayed March 31, 2024, 10-Q filing.
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