South Star Battery Metals Corp - STSBF STOCK NEWS

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.

South Star Battery Metals Corp. appoints Richard Vigil as Vice President of Operations, leveraging his 15 years of experience in evaluating mines globally, focusing on the Americas. His expertise includes assessing technical and economic merits, risks for international banks, and being an independent technical mining consultant. Richard Pearce, CEO, welcomes Vigil's expertise to support operations in Brazil and advance technical studies for Santa Cruz and BamaStar projects. South Star aims to become a diversified battery metals company with near-term operations in strategic locations.

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