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) 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.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced on February 9, 2022, that the Brazilian Mining Authority (ANM) approved final exploration reports for 7 of 13 claims at the Santa Cruz Graphite Mine. This advance is crucial for obtaining a definitive mining license, with Phase 1 operations fully licensed for 5,000 tpy planned for Q1 2023. The company prepares documentation for Phases 2 (25,000 tpy) and 3 (50,000 tpy). The firm expects increased drilling and exploration in 2022-2023 to enhance reserves and mine life, fostering long-term shareholder value.
South Star Battery Metals Corp. (STSBF) has announced details about its Ceylon Graphite Project in Alabama, following a binding Earn-in and Option Agreement. The project spans 500 acres in Coosa County and is strategically positioned to support the electric vehicle industry. Preliminary exploration work has been completed, setting the stage for a maiden resource estimate. The company plans to initiate an exploration program in early 2022, focusing on drilling and additional mapping to further assess the graphite mineralization potential.
South Star Battery Metals Corp. has signed a binding Earn-in and Option Agreement for the Ceylon Graphite Project in Alabama, allowing it to earn up to 75% of the project. The agreement requires South Star to complete drilling, resource estimation, and an NI 43-101 compliant Preliminary Economic Analysis within three years, alongside a minimum expenditure of C$750,000. The Ceylon Graphite Project, located in Coosa County, covers 500 acres and has historical mining operations. The company aims for production at its Santa Cruz Project in 2022, leveraging U.S. infrastructure investments.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has announced an extension of the Exclusivity, Due Diligence, and Definitive Agreement period related to the Ceylon Graphite Project in Alabama. The deadline is now set for December 10, 2021. This follows a previous announcement on November 3, 2021, revealing a binding Earn-in and Option Agreement with Hexagon Energy Materials Limited and U.S. Critical Minerals LLC, enabling South Star to earn up to 75% of the Project. Final approval from the TSX Venture Exchange is pending.
South Star Battery Metals Corp. (STSV:STS, STSBF) announced successful results from its lithium-ion battery (LiB) cycle testing, achieving over 100 cycles with only 2.2% degradation while maintaining 342-345 mAh/g capacity. Projected performance suggests potential for 900 cycles before reaching standard performance cut-off. Additionally, high-purity graphite and conductive dispersions produced from the Santa Cruz Graphite Project showed superior conductivity compared to industry standards, indicating potential new market developments. The company is advancing toward production in 2022.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) will host a live webinar on November 16, 2021, at 2 PM EST. CEO Richard Pearce will discuss the global battery metals market, the company's operations, and a significant earn-in agreement related to the Alabama Graphite Project. South Star is progressing towards Phase 1 production at its Santa Cruz Graphite Project in Brazil, expected in Q4 2022. The company emphasizes a strong commitment to ESG principles and seeks to enhance shareholder value through its operations.
South Star Battery Metals Corp. (STSBF) has reached key terms for an earn-in agreement on the Ceylon Graphite Project in Alabama, aiming to acquire up to 75% ownership. The project covers approximately 500 acres in Coosa County and has historical significance, having been active during World Wars I and II. The earn-in requires South Star to fund a minimum of CAD$750,000 over three years for further geological analysis. The company has also joined the Critical Materials Institute to enhance its supply chain capabilities and retained Market Digital for marketing services.
South Star Battery Metals Corp. has successfully completed a non-brokered private placement, raising proceeds of C$2,427,700 from the issuance of 22,069,999 units at C$0.11 per unit. Key institutional investors participated in the offering. The funds will support advanced materials sample preparation, commercial agreements, and general working capital. Each unit includes a common share and a warrant exercisable at C$0.15 for three years. The company anticipates Phase 1 production at its Santa Cruz Graphite Project in Brazil in Q4 2022.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced an increase in its non-brokered private placement, aimed to raise approximately CAD$2,300,000. The offering will consist of 20,909,091 units priced at CAD$0.11 per unit, each comprising one common share and one purchase warrant exercisable at CAD$0.15. Proceeds will support advanced materials preparation, commercial agreements, and general working capital. The closing is subject to TSXV approval and customary conditions.