SOUTH STAR BTTEY METALS - STSBF STOCK NEWS

South Star Battery Metals Corp. announces approval of environmental permits for Santa Cruz Graphite Mine Phases 2 and 3, allowing for up to 50,000 tonne per annum of concentrate for eight mining claims. The company is looking to increase production capacity and scale operations in one of the most proven graphite districts in the world. Upcoming catalysts include advancing the Santa Cruz NI 43-101 Feasibility Study, with a focus on expanding production and infrastructure.

South Star Battery Metals Corp. has increased the size of its non-brokered private placement of common shares, raising aggregate gross proceeds of up to $7,000,000. The closing time for the Private Placement has been extended to February 29, 2024. The proceeds will be used for exploration, development, construction activities, corporate G&A, and general working capital requirements. Insiders may participate in the Private Placement, and the securities issued will be subject to a four-month hold period.

South Star Battery Metals Corp. (STS) Grants Stock Options and Restricted Share Units to Directors and Officers

South Star Battery Metals Corp. (STS:TSXV)(STSBF:OTCQB) announces a non-brokered private placement of common shares at C$0.72 per share to raise up to C$5,000,000. The company intends to use the proceeds for exploration, development, construction activities, corporate G&A, and general working capital requirements. The private placement is subject to customary closing conditions and approval from the TSX Venture Exchange.

South Star Battery Metals Corp. (STS) Completes Successful 2023 Drilling Campaign on BamaStar Graphite Project, Intercepts Significant Graphite Mineralization. CEO Richard Pearce Announces Plans for Updated Resource Definition and Feasibility Study, Aiming for Two Mines Producing 100,000 tpa of Concentrates by 2027

South Star Battery Metals Corp. has retained Venture Liquidity Providers Inc. for market-making services, paying $5,000 per month for one year. The agreement can be terminated at any time. VLP has no present interest in the company or its securities.

South Star Battery Metals Corp. announces addition of Roger Mortimer and Ty Dinwoodie to board and executive team respectively.

South Star Battery Metals Corp. has announced a significant milestone with the completion of its inaugural mineral resource estimate for the BamaStar Graphite Project in Coosa County, Alabama. The estimate reveals 520,000 tonnes of contained graphite, with 22 million tonnes of inferred resources at an average grade of 2.4% (Cg). This evaluation was based on 12 drill holes totaling 506 meters of HQ diamond drilling conducted in 2022. The project shows potential for open-pit mining and will undergo another drilling program starting in May 2023 to support a planned Preliminary Economic Assessment (PEA) set for Q1 2024.

South Star Battery Metals Corp. has shared its 2022 year-end review and 2023 plans, announcing significant progress despite challenging equity markets. The company is fully funded for Phase 1 construction at the Santa Cruz Graphite Mine, aiming for commercial production by December 2023. Key achievements include successful financing, mobilization of contractors, and ongoing environmental permitting processes for future phases. The BamaStar project has also advanced, with a maiden resource estimate expected in March 2023. South Star continues to position itself to meet growing demand for graphite, forecasting strong production targets and emphasizing a vertically integrated business model.