SOUTH STAR BTTEY METALS - STSBF STOCK NEWS

South Star Battery Metals Corp. (STSBF) announced the completion of a non-brokered private placement totaling C$230,166 on January 10, 2023. The funds raised will support exploration, development, and operational costs, with Phase 1 production planned for Q4 2023 at the Santa Cruz Graphite Project in Brazil. The placement involved issuing 434,277 units at C$0.53 each, granting warrant holders the ability to purchase shares at C$1.25 for five years. The company anticipates significant growth and cash flow amid a global deficit in critical metal supplies.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced key updates on its Santa Cruz Graphite Mine project in Bahia, Brazil, with construction and commissioning scheduled for December 2023. Major equipment contracts are set to be finalized by January 2023, while environmental permitting for Phases 2 & 3 is on track for submission in early Q1 2023. The company is doubling production capacity to 50,000 tonnes per year across 11 mining claims, with work expected to complete in the next 12 months.

South Star Battery Metals Corp. has successfully closed a US$10 million Phase 1 Deposit transaction with Sprott Private Resource Streaming and Royalty Corp., fully funding its Santa Cruz Graphite Project in Brazil. The total cash consideration under the agreement can reach US$28 million for graphite concentrates. The funds will cover 100% of the Phase 1 CAPEX, with commercial production slated for Q4 2023. The financing minimizes shareholder dilution, positioning South Star for growth as it aims to become the first new graphite producer since 1996.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has completed the second tranche of its non-brokered private placement, raising C$2,326,700 from global institutional investors. These funds will support exploration, development, and working capital, with Phase 1 commercial production slated for Q4 2023. The company is poised to meet the conditions for closing a US$10,000,000 streaming agreement with Sprott, ensuring full funding for the Santa Cruz graphite mine construction in Brazil. The company aims to be the first new graphite producer since 1996.

South Star Battery Metals Corp. has successfully completed the first tranche of its non-brokered private placement, raising C$2,308,863. The funding primarily comes from global institutional investors and will support exploration, development, and general working capital. The company anticipates closing the second tranche and finalizing a US$10 million agreement with Sprott for its Santa Cruz Graphite mine in Brazil this November. Phase 1 construction is now fully funded, aiming for production by the end of 2023.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has submitted a Planned Economic Analysis and a request for a final mining license to the Brazilian Mining Authority for two additional claims, completing 7 of 13 claims at the Santa Cruz Graphite Project. This expansion aims to double the project's production capacity to 50,000 tonnes per year across three phases. Additionally, environmental consultants for Phase 2/3 permitting have been selected, with field work commencing in October 2022. A drilling campaign in Alabama is also underway, targeting a maiden resource estimate by Q1 2023.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced a C$5.25 million non-brokered private placement at C$0.53 per unit. Each unit includes a common share and a warrant exercisable at C$1.25 for five years. The company has amended its stream agreement with Sprott, extending the deadline to satisfy conditions until December 14, 2022. Proceeds will support exploration, development, and operational costs. The company aims to produce from the Santa Cruz Graphite Project in Q4 2023, enhancing its position in the battery metals sector.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has secured its construction permit for the Santa Cruz Graphite Mine in Brazil, paving the way for Phase 1 construction, which is set to commence following municipal approval received on September 15, 2022. CEO Richard Pearce expressed gratitude for the support from local officials and emphasized the strategic development through Phases 2 and 3, which aim for significant production increases. The company anticipates achieving first production by Q4 2023, leveraging Bahia's established mineral resource infrastructure.

South Star Battery Metals Corp. (TSXV: STS) has submitted its Planned Economic Analysis (PAE) and request for a final mining license to the Brazilian Mining Authority on August 15, 2022. This submission includes a tripling of the production capacity at the Santa Cruz Graphite Project, with plans to produce 50,000 tonnes per year by Phase 3. The company is also advancing its Ceylon Graphite Project in Alabama, with testing expected to conclude in November 2022. The approval of PAEs and mining licenses will facilitate rapid progress towards production in mid-2023.