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 PINK:STAL) announced on March 18, 2022, the signing of an engagement agreement with Weild & Co., an independent investment bank. This collaboration aims to facilitate fund-raising for the company's acquisitions and growth plans. Richard Carey, Chairman of STAR, expressed confidence in Weild & Co.'s expertise to support their initiatives. The company has ongoing mining projects in California and Honduras, along with plans to market the environmentally friendly 'Genesis' gold extraction process globally.
Star Alliance International Corp. (OTC PINK:STAL) announced its intent to acquire 99% of the share capital of Starving Lion, Inc., which operates six profitable gold mines in Guatemala. The acquisition, valued at $180 million, is anticipated to yield net profits exceeding $5 million annually. A due diligence appraisal is expected to confirm gold reserves over 1 million ounces, worth over $2 billion. Following the acquisition, the company plans to start issuing dividends at least twice a year.
Star Alliance International Corp. (OTC PINK:STAL) announced the appointment of Weverson Correia as CEO, enhancing its leadership with his global market experience. Correia will oversee operations in California and Honduras, focusing on expanding mining activities. The company is poised to acquire a 51% stake in Lion Works Advertising, which owns the Genesis gold extraction process, vital for increasing operational efficiency. The environmentally friendly Genesis system extracts up to 98% of gold ore faster than conventional methods, marking a strategic move for growth.
Star Alliance International Corp. (STAL) has signed definitive agreements to acquire 51% of Compania Minera Metalurgica Centro Americana S.A. (Commsa), which operates five gold mines in Honduras, effective January 1, 2022. The acquisition cost totals $7,500,000 in cash and restricted stock. STAR anticipates increased production and reduced costs through investments and its Genesis ore extraction process. This acquisition is part of STAR's growth strategy, expected to consolidate Commsa's financials and drive revenue from its operational mines.
Star Alliance International Corp. (OTC PINK:STAL) has entered into a binding letter of intent to acquire 49% of the Genesis Gold Extraction System and 51% of five operating mines in Honduras. The Genesis system enhances gold extraction efficiency, reducing processing time from up to 120 days to just 24 hours, while significantly lowering production costs. The five mines are currently operational, and the acquisition is expected to expand STAR's portfolio and strengthen its market position. STAR aims to finalize these transactions swiftly to capitalize on the business potential.
Star Alliance International Corp. (OTC PINK:STAL) has entered a binding agreement to acquire a 51% stake in the Genesis Ore Extraction System, which significantly enhances gold extraction from oxidized minerals. The system reduces extraction time from 40-120 days to just 24 hours, while processing 300-350 tons of ore daily and achieving speeds 400 times faster than conventional methods. The environmentally safe process aims to transform gold mining globally. The company is set to commence operations as soon as feasible, with promising estimates of gold and silver reserves.
Star Alliance International Corp. (OTC PINK:STAL) has signed a binding letter of intent to acquire a 51% stake in the Rio Jalan gold mining project in Central Honduras for up to US$7.5 million. The project spans a 12.5-mile area along the Rio Jalan River, with local operations producing 250-300 oz of gold per site monthly. The deal includes plans to enhance recovery rates using modern techniques, potentially increasing recoverable gold to 98%. The transaction is expected to close by January 31, 2022, promising significant revenue growth while benefiting local communities.
Star Alliance International Corp. (OTC PINK:STAL) has signed a letter of intent to acquire worldwide licensing rights to the patented Genesis system for environmentally safe gold extraction from oxide ores. Tests show the reactor can extract gold with concentrations as low as 0.25 ppm. The company plans to invest up to $4 million to introduce this system globally, which is expected to lower costs and increase gold yield for mining operations. CEO Richard Carey anticipates this development will enhance shareholder value significantly.
Star Alliance International Corp. (OTC PINK:STAL) has scheduled an official site inspection at its Mother Lode Mine property from December 6-8, 2021. This meeting will involve key U.S. Forest Service representatives to assess the site and provide specifications for the company's operations plan, critical for restarting mining activities. The planned inspection follows extensive internal assessments and is aimed at defining parameters for mining operations and the necessary reclamation bond. The project has shown indications of significant gold and silver reserves, and the company is eager to progress toward mining.
Star Alliance International Corp. (OTC PINK:STAL) announced a twelve-month agreement with SRAX for the use of their Sequire platform, enhancing investor relations capabilities. CEO Richard Carey emphasized the potential of Sequire to analyze investor trends and improve shareholder engagement. The company, primarily focused on gold recovery, has historical assays indicating significant reserves, including silver. Despite past delays due to COVID-19 and wildfires, efforts are underway to expedite mining operations.