SOUTH STAR BTTEY METALS - STSBF STOCK NEWS

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.

South Star Battery Metals Corp. has finalized the land purchase for its Phase 1 operations at the Santa Cruz Graphite Project in Brazil. The Planned Economic Analysis submitted on August 1, 2022, doubles the production capacity to 50,000 tonnes per year. The project timeline includes a trial mining license, with construction anticipated to start following the municipal permit approval. The company plans to submit additional mining license applications for other claims, aiming for mid-2023 commercial production. This positions South Star as a key player in the Americas' graphite market.

South Star Battery Metals Corp. (TSXV: STS) has completed a non-brokered private placement, raising C$1,906,990 through the issuance of 3,467,254 units at C$0.55 each. Proceeds will fund advanced materials preparation, project finance, and working capital. Each unit includes a common share and a warrant, exercisable at C$1.25 for five years. Related parties subscribed for 1,071,817 units, relying on exemptions from formal valuation. The company aims for Phase 1 production at its Santa Cruz Graphite Project in Brazil by Q2 2023, while also advancing a project in Alabama.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) is executing a share consolidation, reducing its outstanding shares from 102,533,520 to approximately 20,506,704, effective June 22, 2022. The consolidation reflects a 5-for-1 exchange of pre-consolidation common shares for new shares. No fractionals will be issued. Registered shareholders will receive instructions from Computershare for exchanging their shares. The Company focuses on developing battery metals projects, notably the Santa Cruz Graphite Project in Brazil, which is set for Phase 1 production in Q2 2023.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced a repricing of its non-brokered private placement to raise C$2,000,000. The unit price has been adjusted from C$0.15 to C$0.11 per unit, totaling approximately 18,181,818 units. Each unit consists of one common share and a warrant, allowing for purchase at C$0.25 for five years. The transaction remains subject to TSXV approval, with a four-month hold period on securities. South Star aims to advance its Santa Cruz Graphite Project and develop its Alabama project, targeting a diversified battery metals portfolio.

South Star Battery Metals Corp. has signed a Letter of Intent (LOI) with Graphex Technologies to develop a manufacturing facility for battery anode material. This partnership aims for a vertically integrated supply chain, utilizing graphite from South Star's projects in Brazil and the U.S. CEO Richard Pearce announced they plan to commence commercial production at the Santa Cruz Graphite Mine in Q2 2023. This collaboration is expected to enhance graphite supply efficiency for the EV industry, meeting rising demand amidst the energy transition.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) plans to raise approximately C$2,000,000 through a non-brokered private placement involving about 13,333,333 units at C$0.15 each. Each unit includes one common share and one warrant, exercisable at C$0.25 for five years. Concurrently, the company will consolidate its shares at a ratio of five pre-consolidation shares for one post-consolidation share, reducing its outstanding shares from approximately 102.5 million to about 20.5 million. The offering and consolidation are pending approval from the TSX Venture Exchange.