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South Star Battery Metals Corp. (STSBF) is a Canadian battery metals project developer focusing on acquiring and developing near-term production projects in the Americas. The company's flagship project is the Santa Cruz Graphite Project located in Brazil, with at-surface mineralization in friable materials. Successful large-scale pilot-plant testing has shown high graphite concentrate purity and recoveries. Fully funded for Phase 1, the company is undergoing construction and commissioning. Phase 1 commercial production is expected in Q3 2024, with plans for Phase 2 and Phase 3 production expansions in the coming years. Additionally, South Star's BamaStar Project in Alabama is strategically positioned for electric vehicle, aerospace, and defense industries, with positive drilling and sampling results. Committed to ESG principles, South Star aims to become a diversified battery metals company with operations in key jurisdictions.
South Star Battery Metals has announced a non-brokered private placement of common shares at US$0.43 (C$0.60) per share, aiming to raise up to US$2.5 million (C$3.46 million). The company may increase the placement size by up to 15% through an over-allotment option. Proceeds will fund exploration, development, corporate G&A, and working capital. The private placement requires TSX Venture Exchange approval, and shares will have a four-month hold period. Insiders may participate, with exemptions from formal valuation and minority shareholder approval requirements.
South Star Battery Metals Corp. (TSXV: STS) (OTCQB: STSBF) announced positive results from a NI 43-101 Preliminary Economic Assessment (PEA) for its BamaStar Graphite Project in Alabama, USA. The project includes a mine and concentrator plant in Coosa County and a value-add upgrading plant in Mobile.
Key highlights:
- Pre-tax NPV (8%) of US$2.4B with an IRR of 35%; after-tax NPV (8%) of US$1.6B with an IRR of 27%
- 19-year open-pit mine life with average concentration production of 47,147 tonnes per year
- 2.4x increase in Mineral Resource tonnage, containing over 1Mt of graphite
- Phased development approach for both the concentrator and value-add plants
- Value-add plant designed to produce 61,800 tonnes per year of upgraded products, including 38,000 tpy of coated, purified, spheronized graphite (CSPG)
- Successful preliminary electrochemical testing results comparable to Tier-1 commercial CSPG products
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF) has announced the completion of commissioning and start of commercial production ramp-up at its Santa Cruz Phase 1 Graphite Mine in Bahia, Brazil. Key highlights include:
1. First one-tonne product placed in bulk bag
2. Commercial production ramp-up in October with first shipments expected by month-end
3. Phase 1 construction and commissioning completed with 286,488 manhours and 678 days without a loss-time accident
4. As-builts and bottleneck/optimization engineering analysis underway to explore potential plant throughput upgrade
5. Preparation for shipping large-scale industrial samples for final qualification in Brazil and USA
6. Director Eric Allison to retire from the Board of Directors
Santa Cruz is the first new graphite production in the Americas since 1996, with South Star fully permitted to expand to 50,000 tonnes/year of graphite concentrate production.
South Star Battery Metals (TSXV:STS, OTCQB:STSBF) has successfully purified graphite from its BamaStar Graphite Project in Alabama to 99.95% fixed carbon, suitable for lithium-ion batteries and other value-add applications. The company is advancing a process for producing coated, spheronized, purified graphite (CSPG) using standard technology. These results will be included in the upcoming Preliminary Economic Assessment (PEA), due in September 2024.
South Star's strategy involves producing high-quality graphite concentrates from its Santa Cruz Graphite Mine in Brazil starting in 2024, while developing value-added products from both Santa Cruz and BamaStar, with commercial sales planned by Q4 2026. The company aims to become a vertically integrated supplier in the Americas, addressing the need for secure, diversified supply chains in the battery industry.
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF) has executed a new binding commercial sales agreement for 40 tonnes of natural-flake graphite concentrate from its Santa Cruz Graphite Mine in Brazil. This follows previous sales announcements in May and August 2024. The buyer is a prominent American industrial graphite customer who has expressed interest in regular purchases pending positive test results.
The company is on schedule to commission the Santa Cruz Phase 1 Plant in Q3 2024, which will produce approximately 12,000 tonnes per annum of natural-flake graphite concentrates at steady-state. South Star plans to fulfill initial sales agreements in Q4 2024.
South Star is also advancing its BamaStar Graphite Project in Alabama, USA, with a Preliminary Economic Assessment underway. The company's long-term strategy involves developing a vertically integrated battery-graphite manufacturing plant in the United States, with a combined production of 100,000 tonnes per year of high-quality concentrates from two mines.
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) has announced a binding commercial sales agreement for 100 tonnes of graphite concentrate from its Santa Cruz Graphite Mine in Brazil. This follows the company's first sale announcement in May 2024 and comes as the Phase-1 Plant commissioning is underway. The Santa Cruz mine is set to be the first new graphite mine in the Americas this century, with a planned production of 12,000 tonnes per annum at steady-state.
The sale agreement was executed after rigorous testing and qualification of South Star's graphite, which outperformed other suppliers' products. The company is focusing on producing high-quality graphite concentrates for various industrial applications while developing value-added products like Coated Spherical Purified Graphite for battery applications, with commercial sales planned for Q4 2026.
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) announces substantial completion and commissioning of its Phase 1 Santa Cruz Graphite Mine in Bahia, Brazil. The plant, with a 12,000 tonnes/year capacity, is set for commercial production in September 2024. Key highlights include:
1. Completion of mine prestrip and ore pad preparation
2. Substantial completion of crushing, flotation, tailings, and concentrate processing systems
3. 6-7 week commissioning period underway
4. Plans to fulfill initial graphite orders in Q4 2024
5. Aims to be the second-largest natural flake graphite producer in the Americas
The company is also developing value-added products, including battery-grade graphite, with commercial sales planned for Q4 2026.
South Star Battery Metals announced successful metallurgical results for its BamaStar Graphite Project in Alabama.
The testing involved oxide, transition, and fresh rock samples, with graphite grades ranging from 2.36% to 3.04% Cg.
Open circuit flotation tests produced high graphite concentrate grades between 94.4% and 99.5% Cg.
Graphite recoveries were high, ranging from 87.5% to 91.5%.
Given the favorable results, the next phase will focus on optimizing mining pit design to process oxide and transitional materials early, reducing initial CAPEX and OPEX.
The Preliminary Economic Assessment results for BamaStar are expected in August 2024.
South Star Battery Metals announced the final payment for land purchase for its Santa Cruz Graphite Mine, along with construction updates and approval of definitive mining licenses for Phases 1, 2, and 3 in Bahia, Brazil.
The mine's production capacity is planned to scale up to 50,000 tonnes/year. Phase 1 construction is expected to be completed by June 2024, with commercial sales beginning in September 2024. The project aims to achieve nameplate production capacity by Q4 2024. The company has also secured approximately 50% of the Phase 2 CAPEX through an agreement with Sprott.
The Brazilian Ministry of Mines and Energy approved the definitive mining licenses covering 4,431 hectares, removing permitting risks for future expansions. Additional claims are under evaluation, with approval expected by Q3 2024.
South Star Battery Metals Corp. announces the first sale of natural flake graphite concentrate from its Santa Cruz Graphite Mine in Brazil. The Company has executed a binding sales agreement for the initial purchase of 100 tonnes of graphite concentrate, with a prominent American industrial graphite customer. Another major US graphite company has also qualified Santa Cruz graphite for a green-energy application. The Phase-1 Plant at Santa Cruz is set to complete construction in June 2024, with commercial production expected to start in August 2024. South Star's commercial strategy includes producing high-quality graphite concentrates for industrial applications and developing value-added battery-graphite products for commercial sales by late 2026/early 2027.
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