South Star Battery Metals Corp Stock Price, News & Analysis

South Star Battery Metals Corp. (TSXV: STS) has completed a non-brokered private placement, raising C$1,906,990 through the issuance of 3,467,254 units at C$0.55 each. Proceeds will fund advanced materials preparation, project finance, and working capital. Each unit includes a common share and a warrant, exercisable at C$1.25 for five years. Related parties subscribed for 1,071,817 units, relying on exemptions from formal valuation. The company aims for Phase 1 production at its Santa Cruz Graphite Project in Brazil by Q2 2023, while also advancing a project in Alabama.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) is executing a share consolidation, reducing its outstanding shares from 102,533,520 to approximately 20,506,704, effective June 22, 2022. The consolidation reflects a 5-for-1 exchange of pre-consolidation common shares for new shares. No fractionals will be issued. Registered shareholders will receive instructions from Computershare for exchanging their shares. The Company focuses on developing battery metals projects, notably the Santa Cruz Graphite Project in Brazil, which is set for Phase 1 production in Q2 2023.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced a repricing of its non-brokered private placement to raise C$2,000,000. The unit price has been adjusted from C$0.15 to C$0.11 per unit, totaling approximately 18,181,818 units. Each unit consists of one common share and a warrant, allowing for purchase at C$0.25 for five years. The transaction remains subject to TSXV approval, with a four-month hold period on securities. South Star aims to advance its Santa Cruz Graphite Project and develop its Alabama project, targeting a diversified battery metals portfolio.

South Star Battery Metals Corp. has signed a Letter of Intent (LOI) with Graphex Technologies to develop a manufacturing facility for battery anode material. This partnership aims for a vertically integrated supply chain, utilizing graphite from South Star's projects in Brazil and the U.S. CEO Richard Pearce announced they plan to commence commercial production at the Santa Cruz Graphite Mine in Q2 2023. This collaboration is expected to enhance graphite supply efficiency for the EV industry, meeting rising demand amidst the energy transition.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) plans to raise approximately C$2,000,000 through a non-brokered private placement involving about 13,333,333 units at C$0.15 each. Each unit includes one common share and one warrant, exercisable at C$0.25 for five years. Concurrently, the company will consolidate its shares at a ratio of five pre-consolidation shares for one post-consolidation share, reducing its outstanding shares from approximately 102.5 million to about 20.5 million. The offering and consolidation are pending approval from the TSX Venture Exchange.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has announced the groundbreaking ceremony for the Santa Cruz Graphite Mine on June 2, 2022. This marks a significant milestone after over a decade of development, with plans for commercial graphite production in Q2 2023. The project in Brazil benefits from high-grade mineralization and successful pilot-plant testing, showing good recovery rates. Richard Pearce, CEO, emphasizes the importance of this development within the critical battery metals supply chain.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) invites attendees to visit Booth #933 at the Vancouver Resource Investment Conference (VRIC) on May 17-18, 2022. The event will showcase over 100 key speakers, including former leaders such as Stephen Harper and Felipe Calderon, addressing macro-finance issues. South Star is focused on developing battery metals projects, particularly the Santa Cruz Graphite Project in Brazil, which has shown promising test results for production set for Q2 2023. The company aims to lead in the battery metals sector.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced a contract with North Carolina State University Mineral Research Laboratory to conduct a metallurgical testing program on ore samples from its Ceylon Graphite Project in Alabama. The program aims to confirm processing methods and produce a representative sample for further analysis. Testing will generate approximately 15kg of graphite concentrates and is expected to start in July 2022, lasting around 16 weeks. Positive results may lead to scaling operations at the Santa Cruz plant.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced the retirement of Chairman Dave McMillan, effective April 15, 2022, and appointed Marc P. Leduc as the new Chairman. Leduc brings over 30 years of mining experience, which will aid in advancing the Santa Cruz Graphite Project in Brazil and the Alabama project. The company also provided updates on a binding streaming agreement with Sprott for the Santa Cruz project, detailing financial guarantees and share pledges related to the agreement, fostering investor confidence in the company’s development plans.