Welcome to our dedicated page for South Star Battery Metals news (Ticker: STSBF), a resource for investors and traders seeking the latest updates and insights on South Star Battery Metals stock.
South Star Battery Metals reports operational and corporate developments tied to natural flake graphite production in the Americas. Recurring updates cover the Santa Cruz Graphite Mine and plant in Bahia, Brazil, including plant restarts, equipment upgrades, production ramp-up, concentrate shipments, rainfall-related operating conditions, and customer logistics.
Company news also addresses the BamaStar Graphite Project in Coosa County, Alabama, downstream graphite-processing plans in Mobile, battery-anode materials initiatives, strategic-minerals funding programs in Brazil, board changes, and capital-market positioning on the TSX Venture Exchange and OTCQB.
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) announces substantial completion and commissioning of its Phase 1 Santa Cruz Graphite Mine in Bahia, Brazil. The plant, with a 12,000 tonnes/year capacity, is set for commercial production in September 2024. Key highlights include:
1. Completion of mine prestrip and ore pad preparation
2. Substantial completion of crushing, flotation, tailings, and concentrate processing systems
3. 6-7 week commissioning period underway
4. Plans to fulfill initial graphite orders in Q4 2024
5. Aims to be the second-largest natural flake graphite producer in the Americas
The company is also developing value-added products, including battery-grade graphite, with commercial sales planned for Q4 2026.
South Star Battery Metals announced successful metallurgical results for its BamaStar Graphite Project in Alabama.
The testing involved oxide, transition, and fresh rock samples, with graphite grades ranging from 2.36% to 3.04% Cg.
Open circuit flotation tests produced high graphite concentrate grades between 94.4% and 99.5% Cg.
Graphite recoveries were high, ranging from 87.5% to 91.5%.
Given the favorable results, the next phase will focus on optimizing mining pit design to process oxide and transitional materials early, reducing initial CAPEX and OPEX.
The Preliminary Economic Assessment results for BamaStar are expected in August 2024.
South Star Battery Metals announced the final payment for land purchase for its Santa Cruz Graphite Mine, along with construction updates and approval of definitive mining licenses for Phases 1, 2, and 3 in Bahia, Brazil.
The mine's production capacity is planned to scale up to 50,000 tonnes/year. Phase 1 construction is expected to be completed by June 2024, with commercial sales beginning in September 2024. The project aims to achieve nameplate production capacity by Q4 2024. The company has also secured approximately 50% of the Phase 2 CAPEX through an agreement with Sprott.
The Brazilian Ministry of Mines and Energy approved the definitive mining licenses covering 4,431 hectares, removing permitting risks for future expansions. Additional claims are under evaluation, with approval expected by Q3 2024.
South Star Battery Metals Corp. announces the first sale of natural flake graphite concentrate from its Santa Cruz Graphite Mine in Brazil. The Company has executed a binding sales agreement for the initial purchase of 100 tonnes of graphite concentrate, with a prominent American industrial graphite customer. Another major US graphite company has also qualified Santa Cruz graphite for a green-energy application. The Phase-1 Plant at Santa Cruz is set to complete construction in June 2024, with commercial production expected to start in August 2024. South Star's commercial strategy includes producing high-quality graphite concentrates for industrial applications and developing value-added battery-graphite products for commercial sales by late 2026/early 2027.
South Star Battery Metals Corp. appoints Richard Vigil as Vice President of Operations, leveraging his 15 years of experience in evaluating mines globally, focusing on the Americas. His expertise includes assessing technical and economic merits, risks for international banks, and being an independent technical mining consultant. Richard Pearce, CEO, welcomes Vigil's expertise to support operations in Brazil and advance technical studies for Santa Cruz and BamaStar projects. South Star aims to become a diversified battery metals company with near-term operations in strategic locations.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.