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. 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.
South Star Battery Metals Corp. has secured a binding streaming agreement with Sprott Resource Streaming and Royalty Corp, totaling up to US$28 million to finance the Santa Cruz Graphite Project in Brazil. This agreement includes US$10 million for Phase 1 CAPEX and a minimum of US$9 million for Phase 2. The funding aims to minimize equity dilution while allowing swift project construction, with commercial production expected in Q2 2023. The company anticipates a favorable EBITDA margin of 51% post-stream.
South Star Battery Metals Corp. has signed a Letter of Intent with Graphex Group Limited to supply up to 50,000 tonnes of natural flake graphite concentrate over five years. This supply will cater to the Li-ion battery market, particularly for Electric Vehicles. South Star's Santa Cruz Graphite Project in Brazil and Ceylon Graphite Project in Alabama are pivotal in this agreement, aiming to secure stable supply chains essential for energy transitions. Phase 1 production is projected for Q1 2023, pending financing.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced the approval of final exploration reports for its Santa Cruz Graphite Mine in Brazil by the Brazilian Mining Authority, covering all 13 claims totaling approximately 13,000 hectares. The company has also released Product Information Bulletins for its concentrate products. The Santa Cruz project boasts 12.3Mt of reserve estimates and a 12-year mine life, with Brazil representing a significant source of graphite globally. The project is on track for Phase 1 production in Q1 2023, marking a pivotal year for the company.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has announced the hiring of essential team members for the Phase 1 construction and operations of the Santa Cruz Graphite Mine in Brazil. The new appointments include experienced professionals in various critical roles: Julio Jose Da Silva as General Mine Manager, Marcia Cota as Controller and Finance Manager, Antonio de Assis as Sales and Marketing Director, Marcelo Castro as Construction Project Manager, and Luciano Lazaro as Supply Chain/Procurement Manager. This development is key as the company aims to transition from project development to production.