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 Corp. (OTCQB: STSBF) generates frequent news as it advances natural flake graphite projects and a vertically integrated battery anode materials strategy in the Americas. Company updates focus on mine development, production milestones, financing activities, partnerships and technical progress at its key assets in Brazil and the United States.
News coverage often highlights the Santa Cruz Graphite Mine in southern Bahia, Brazil, which South Star describes as the first new graphite production in the Americas since 1996. Releases have detailed the ramp-up of Phase 1 commercial production, shipment of initial containers of graphite concentrates, operational performance metrics, and the mine’s licensing and permitting through multiple expansion phases. Operational updates also cover safety performance, plant availability, concentrate grades and efforts to optimize recoveries and throughput.
Another major theme in South Star’s news flow is the BamaStar Graphite Project in Coosa County, Alabama, and the related value-add plant planned for Mobile, Alabama. The company reports on milestones such as completion and filing of a NI 43-101 Preliminary Economic Assessment, exercise of earn-in rights and acquisition of 100% of the project, metallurgical test results, and the design of vertically integrated facilities to upgrade concentrates from both Santa Cruz and BamaStar.
Investors following STSBF news will also see announcements on non-brokered private placements, streaming agreements, board and management changes, and strategic collaborations. Examples include a Memorandum of Understanding with the University of Alabama’s Alabama Mobility and Power Center to support a battery anode materials program, and selection of Santa Cruz by Brazilian development institutions under a strategic minerals initiative. This news page brings together these developments so readers can review South Star’s operational progress, funding activities and strategic positioning in one place.
South Star Battery Metals Corp. has completed its maiden diamond drilling program at the Ceylon Project in Alabama, consisting of 12 holes over 506 meters. The results confirmed significant mineralization with 324.5 meters and an average grade of 2.12% Cg. The drilling demonstrated consistent intervals of mineralization between 1.5% to 4.5% Cg, paving the way for a maiden NI 43-101 resource estimate scheduled for Q1 2023. The company also completed a 3-ton pilot testing program successfully, indicating strong potential for the project's commercial viability amidst growing demand for graphite.
South Star Battery Metals Corp. (STSBF) announced the completion of a non-brokered private placement totaling C$230,166 on January 10, 2023. The funds raised will support exploration, development, and operational costs, with Phase 1 production planned for Q4 2023 at the Santa Cruz Graphite Project in Brazil. The placement involved issuing 434,277 units at C$0.53 each, granting warrant holders the ability to purchase shares at C$1.25 for five years. The company anticipates significant growth and cash flow amid a global deficit in critical metal supplies.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced key updates on its Santa Cruz Graphite Mine project in Bahia, Brazil, with construction and commissioning scheduled for December 2023. Major equipment contracts are set to be finalized by January 2023, while environmental permitting for Phases 2 & 3 is on track for submission in early Q1 2023. The company is doubling production capacity to 50,000 tonnes per year across 11 mining claims, with work expected to complete in the next 12 months.
South Star Battery Metals Corp. has successfully closed a US$10 million Phase 1 Deposit transaction with Sprott Private Resource Streaming and Royalty Corp., fully funding its Santa Cruz Graphite Project in Brazil. The total cash consideration under the agreement can reach US$28 million for graphite concentrates. The funds will cover 100% of the Phase 1 CAPEX, with commercial production slated for Q4 2023. The financing minimizes shareholder dilution, positioning South Star for growth as it aims to become the first new graphite producer since 1996.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has completed the second tranche of its non-brokered private placement, raising C$2,326,700 from global institutional investors. These funds will support exploration, development, and working capital, with Phase 1 commercial production slated for Q4 2023. The company is poised to meet the conditions for closing a US$10,000,000 streaming agreement with Sprott, ensuring full funding for the Santa Cruz graphite mine construction in Brazil. The company aims to be the first new graphite producer since 1996.
South Star Battery Metals Corp. has successfully completed the first tranche of its non-brokered private placement, raising C$2,308,863. The funding primarily comes from global institutional investors and will support exploration, development, and general working capital. The company anticipates closing the second tranche and finalizing a US$10 million agreement with Sprott for its Santa Cruz Graphite mine in Brazil this November. Phase 1 construction is now fully funded, aiming for production by the end of 2023.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has submitted a Planned Economic Analysis and a request for a final mining license to the Brazilian Mining Authority for two additional claims, completing 7 of 13 claims at the Santa Cruz Graphite Project. This expansion aims to double the project's production capacity to 50,000 tonnes per year across three phases. Additionally, environmental consultants for Phase 2/3 permitting have been selected, with field work commencing in October 2022. A drilling campaign in Alabama is also underway, targeting a maiden resource estimate by Q1 2023.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced a C$5.25 million non-brokered private placement at C$0.53 per unit. Each unit includes a common share and a warrant exercisable at C$1.25 for five years. The company has amended its stream agreement with Sprott, extending the deadline to satisfy conditions until December 14, 2022. Proceeds will support exploration, development, and operational costs. The company aims to produce from the Santa Cruz Graphite Project in Q4 2023, enhancing its position in the battery metals sector.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has secured its construction permit for the Santa Cruz Graphite Mine in Brazil, paving the way for Phase 1 construction, which is set to commence following municipal approval received on September 15, 2022. CEO Richard Pearce expressed gratitude for the support from local officials and emphasized the strategic development through Phases 2 and 3, which aim for significant production increases. The company anticipates achieving first production by Q4 2023, leveraging Bahia's established mineral resource infrastructure.
South Star Battery Metals Corp. (TSXV: STS) has submitted its Planned Economic Analysis (PAE) and request for a final mining license to the Brazilian Mining Authority on August 15, 2022. This submission includes a tripling of the production capacity at the Santa Cruz Graphite Project, with plans to produce 50,000 tonnes per year by Phase 3. The company is also advancing its Ceylon Graphite Project in Alabama, with testing expected to conclude in November 2022. The approval of PAEs and mining licenses will facilitate rapid progress towards production in mid-2023.