Star Alliance International Corp. ("STAL") Signs Major Memorandum of Understanding

Rhea-AI Summary

Star Alliance International Corp. (STAL) has signed an MOU with IDC Energy to purchase the lease on a 160-acre lot with an appraised value of over $580 billion in gold and other resources. STAR will pay a down payment of $2.5 million and finalize the balance of $10 million in cash and stock. The company expects to close the transaction before year-end, with financing for this and other projects in advanced negotiations. Richard Carey, President and Chairman of STAL, expressed excitement about the project and the expected completion before year-end.

LAS VEGAS, NV / ACCESSWIRE / November 27, 2023 / Star Alliance International Corp. (OTC PINK:STAL), ("STAR or the Company"). STAR has signed an MOU with IDC Energy that sets out the terms of the purchase of the lease on a 160 acre lot that boasts an appraised value of gold and other resources in excess of $580 billion. The appraisal was completed in 2012 and updated for value in 2021. STAR will initiate drilling and a current Technical Report (appraisal) under SEC guidlines as soon as possible. STAR has agreed to pay a down payment of $2.5 million with the terms of the balance of $10 million made up of cash and stock to be finalized.

Although currently non-binding, STAR expects to close this transaction before the year end.

The financing for this project and the other projects including funding for Genesis, the Troy and Honduras mines are in advanced negotiations with draft documents being reviewed.

Richard Carey, President and Chairman of STAL, commented, "This project is another exciting step for the company. We will use Genesis to extract the gold and other minerals on this property. With our financing programs close to being finalized, we expect to complete this purchase before year end. More news will be provided as it becomes available."

About Star Alliance International Corp.

Star Alliance International Corp. ("the Company", or "STAL") was incorporated in the State of Nevada on April 17, 2014, under the laws of the State of Nevada.

Star Alliance International Corp is a Worldwide Holding Company with strong assets in the US, Honduras, and Guatemala.

STAL's assets include gold mines in California and is finalizing contracts to acquire a mine in Honduras. In addition, Star searches out innovative new technologies that are eco-friendly including "Genesis", the environmentally safe gold extraction system that we are purchasing.

The Genesis gold and other minerals extraction system extracts minerals from oxide and complex ores much faster than other processes in an environmentally safe manner.

We have also agreed terms to acquire a controlling interest in two entities outside our mining divisions including the fintech and artificial intelligence corporate purchases.

The Company anticipates continued expansion of our efforts domestically and abroad, with a particularly keen focus on mining technologies for precious metals and rare earth minerals, as well as other innovative technologies that will enhance the value of the Company.

It is STAL's goal to become a very well-rounded enterprise with planned diversification, paired with a balanced approach, ensuring the very best possible results and the highest possible value for our shareholders.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

For more information, contact STAL.

E Mail: info@staralliancemines.com
Web Site: staralliancemines.com
Facebook, Linkedin,
Twitter, @staralliancein1

SOURCE: Star Alliance International Corp.

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FAQ

What is the latest news from Star Alliance International Corp. (STAL)?

Star Alliance International Corp. (STAL) has signed an MOU with IDC Energy to purchase the lease on a 160-acre lot with an appraised value of over $580 billion in gold and other resources.

What is the down payment amount for the purchase of the lease?

STAR will pay a down payment of $2.5 million.

What is the total balance for the purchase of the lease?

The balance of $10 million will be finalized in cash and stock.

Who is the President and Chairman of STAL?

Richard Carey is the President and Chairman of STAL.

What is the expected timeline for closing the transaction?

STAR expects to close the transaction before year-end.

What projects are in advanced negotiations for financing?

Financing for this project and other projects, including funding for Genesis, the Troy, and Honduras mines, are in advanced negotiations with draft documents being reviewed.