STAR ALLIANCE INTL CORP - STAL STOCK NEWS

Star Alliance International Corp. (STAL) has canceled its agreement to acquire seven gold and lithium mines in Nigeria from NSM USA and NGM USA. The decision follows the inability to obtain essential due diligence documentation from the sellers over the past year. Chairman Richard Carey emphasized the need for caution to safeguard the company and its shareholders. Although funding for the mines was not readily available, the absence of required paperwork ultimately halted the transaction. Star Alliance continues to seek new opportunities to enhance and diversify its asset base, maintaining focus on its core business in precious metals and eco-friendly technologies.

Star Alliance International Corp. (STAL) has successfully completed a pilot program for the Genesis gold extraction system, which processes 6000 tons of ore daily, yielding 2 grams of gold per ton from 2000 tons. This equates to approximately 142 ounces valued at $255,000 every 24 hours. Following this success, STAL plans to acquire 51% of the Genesis program for $5.1 million, with initial capital commitments totaling $5 million. The Genesis system is designed to operate efficiently on complex ores and aims to generate significant revenue from its gold extraction capabilities. STAL anticipates expanding its operations and enhancing shareholder value.

Star Alliance International Corp. (OTC PINK:STAL) provided a year-end update from Chairman Richard Carey, highlighting significant progress amid challenging market conditions. The company announced binding Letters of Intent to acquire a 51% stake in Genesis, an innovative gold extraction technology, and mining interests in Nigeria. Major acquisitions were completed, including a 51% stake in multiple gold mines and Barotex™ patents. Carey's outlook remains optimistic, predicting revenue generation in 2023 and plans for dividends. The company aims to systematically appraise mineral reserves to enhance balance sheet value.

Star Alliance International Corp. has successfully completed the acquisition of the Barotex patent and trademark, setting the stage for its subsidiary, Magma International, to launch its first revenue-generating product line. Focused on the construction industry, Barotex will produce industrial fibers for applications such as rebar and fiber mesh, insulation, and fire-resistant alternatives to wooden beams. The company plans to engage a specialized sales team to facilitate market entry in 2023, following positive pre-acquisition interest in these products.

Star Alliance International Corp. (OTC PINK:STAL) has finalized the acquisition of the Barotex™ Patent, Trademark, Equipment, and Inventory assets. The transaction involves a blend of preferred stock, common stock, and cash, with cash payments commencing in January 2023. The new subsidiary, Magma International Inc., will oversee the business, which focuses on producing innovative composite materials from volcanic rock. The patent is expected to significantly enhance the company's value and market position. Additional acquisitions are anticipated in early 2023.

Star Alliance International Corp. (OTC PINK:STAL) has announced successful testing of its Genesis system, which now extracts precious metals from coal tailings in addition to gold from traditional ore. This environmentally safe technology addresses the global issue of mining tailings, allowing for the recovery of valuable materials previously deemed waste. Chairman Richard Carey highlighted the system's potential to transform thousands of acres of tailings into economically viable resources, positioning STAL at the forefront of a significant industry opportunity.

Star Alliance International Corp. (OTC PINK:STAL) has released a new company presentation aimed at updating shareholders on recent developments and financing efforts necessary for business growth. Chairman Richard Carey emphasized the importance of keeping shareholders informed, while CEO Weverson Correia highlighted the company’s plans to enhance shareholder value through future growth initiatives. Star Alliance, with assets in the US, Honduras, Guatemala, and Nigeria, focuses on gold and lithium mining, as well as innovative eco-friendly technologies.

Star Alliance International Corp. (OTC Pink:STAL) has filed its outstanding financial statements, becoming current as of December 2, 2022. The company submitted its 10-K for the year ending June 30, 2022, on November 22, 2022, and its Q1 report for the quarter ending September 30, 2022. Delays in completing these filings were attributed to company growth. CFO Anthony Anish expressed satisfaction with the completion of audits, while CEO Weverson Correia emphasized focusing on company growth and shareholder value now that they are current in their filings.

Star Alliance International Corp. (OTC PINK:STAL) announced the successful testing of its Genesis Gold Extraction System, capable of processing up to 5000 tons of ore daily with a 98% gold recovery rate. This system is designed to handle both oxide and complex ores, significantly improving efficiency and environmental safety compared to conventional methods. The transition from the earlier model, which processed 350 tons of oxide ore, marks a major technological advancement. The patent for this system is complete, and a new plant is set to open in 2023.