Star Alliance International Executes a Binding Letter of Intent and Acquires 51% of Four Lithium Mining Properties

Rhea-AI Summary

Star Alliance International Corp. (OTC Pink: STAL) has signed a Binding Letter of Intent to acquire a majority interest in NSM USA, which owns four lithium mining sites in Africa. The acquisition will cost $2,000,000 and aims to develop these sites currently in the exploration stage. Chairman Richard Carey emphasized ongoing efforts to acquire more mining operations and improve mineral processing technologies. CEO Weverson Correia highlighted the significant value of the expected lithium reserves, asserting regular updates for shareholders as the development progresses.

Positive

• Acquisition of NSM USA enhances STAL's portfolio with four lithium mining sites.
• Investment of $2 million is aimed at developing mining operations, potentially increasing future revenue.
• Management's commitment to technological improvements in mineral processing can lead to cost reductions.

Negative

• Acquisition costs may strain STAL's financial resources if returns are delayed.
• Involvement in exploration-stage projects carries inherent risks, including uncertain timelines and exploration failures.

WESTLAKE VILLAGE, CA / ACCESSWIRE / May 2, 2022 / Star Alliance International Corp. (OTC Pink:"STAL") is pleased to announce that it signed a Binding Letter of Intent to acquire a majority interest in NSM USA, a Wyoming Corporation that owns four lithium mining sites in Africa. Currently these mines are in the exploration stage with exploration results showing significant reserves. STAL will pay $2,000,000 for the majority stake which will be used by NSM USA to develop and commence mining operations at the four properties.

Richard Carey, Chairman of STAL, commented, "This is the next step in the evolution of STAL. We continue to look for mining operations to acquire, while also seeking technologies that more efficiently process the minerals extracted, providing better yields at lower costs."

Weverson Correia, CEO of STAL stated, "The world has a huge appetite for Lithium. As a result, the expected reserves of these four mines would hold significant value. As we develop the properties, and commence mining operations, we will regularly provide updated information to our shareholders."

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.

In August 2019, following a change in control, STAL acquired the mining claims, buildings and equipment from Troy Mining Corporation. The Project is located at the base of the "gold mother lode" in one of the three major vein belts where the greatest concentration of minerals settled, over the years, in California. Now the final for these assets has been made.

Our gold estimates have been confirmed by geologists showing significant reserves of gold located in veins within the areas that are covered by our California mining leases.

STAL plans to commence mining as soon as it is possible.

In December 2021 STAL executed the agreements to acquire 51% of Compania Minera Metalurgica Centro Americana SA (Commsa), a Honduran Corporation. Commsa owns the mining rights to five mines, one approved for mining and 4 approved for exploration. These mines that have significant gold resources run along a 12.5 mile stretch of the Rio Jalan River. We will commence mining operations very shortly and the Company plans to expand operations as soon as possible.

In November, 2021, STAL entered into a binding Letter of Intent to acquire 49% of Lions Works Advertising, SA, a Guatemala Corporation that owns the "Genesis" ore extraction process. Since signing the Letter of Intent the company has renegotiated and will now acquire a 51% interest. This green, environmentally friendly process, extracts up to 98% of the gold ore from the rock. A single module processes 300 to 350 tons of ore daily. The speed of extraction is up to 400 times faster than a conventional heap leaching process.

The Company plans to market "Genesis" to mining companies worldwide.

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.

View source version on accesswire.com:
https://www.accesswire.com/699669/Star-Alliance-International-Executes-a-Binding-Letter-of-Intent-and-Acquires-51-of-Four-Lithium-Mining-Properties

FAQ

What is the purpose of STAL's acquisition of NSM USA?

STAL aims to enhance its mining portfolio and develop lithium mining operations.

How much is STAL paying for the majority stake in NSM USA?

STAL is paying $2,000,000 for the majority stake in NSM USA.

What is the current status of the lithium mining sites owned by NSM USA?

The lithium mining sites are currently in the exploration stage, with significant reserves indicated.

When can shareholders expect updates on the lithium mining operations?

STAL plans to provide regular updates to shareholders as the mining operations develop.