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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 Corp. has secured a binding streaming agreement with Sprott Resource Streaming and Royalty Corp, totaling up to US$28 million to finance the Santa Cruz Graphite Project in Brazil. This agreement includes US$10 million for Phase 1 CAPEX and a minimum of US$9 million for Phase 2. The funding aims to minimize equity dilution while allowing swift project construction, with commercial production expected in Q2 2023. The company anticipates a favorable EBITDA margin of 51% post-stream.
South Star Battery Metals Corp. has signed a Letter of Intent with Graphex Group Limited to supply up to 50,000 tonnes of natural flake graphite concentrate over five years. This supply will cater to the Li-ion battery market, particularly for Electric Vehicles. South Star's Santa Cruz Graphite Project in Brazil and Ceylon Graphite Project in Alabama are pivotal in this agreement, aiming to secure stable supply chains essential for energy transitions. Phase 1 production is projected for Q1 2023, pending financing.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced the approval of final exploration reports for its Santa Cruz Graphite Mine in Brazil by the Brazilian Mining Authority, covering all 13 claims totaling approximately 13,000 hectares. The company has also released Product Information Bulletins for its concentrate products. The Santa Cruz project boasts 12.3Mt of reserve estimates and a 12-year mine life, with Brazil representing a significant source of graphite globally. The project is on track for Phase 1 production in Q1 2023, marking a pivotal year for the company.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has announced the hiring of essential team members for the Phase 1 construction and operations of the Santa Cruz Graphite Mine in Brazil. The new appointments include experienced professionals in various critical roles: Julio Jose Da Silva as General Mine Manager, Marcia Cota as Controller and Finance Manager, Antonio de Assis as Sales and Marketing Director, Marcelo Castro as Construction Project Manager, and Luciano Lazaro as Supply Chain/Procurement Manager. This development is key as the company aims to transition from project development to production.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced on February 9, 2022, that the Brazilian Mining Authority (ANM) approved final exploration reports for 7 of 13 claims at the Santa Cruz Graphite Mine. This advance is crucial for obtaining a definitive mining license, with Phase 1 operations fully licensed for 5,000 tpy planned for Q1 2023. The company prepares documentation for Phases 2 (25,000 tpy) and 3 (50,000 tpy). The firm expects increased drilling and exploration in 2022-2023 to enhance reserves and mine life, fostering long-term shareholder value.
South Star Battery Metals Corp. (STSBF) has announced details about its Ceylon Graphite Project in Alabama, following a binding Earn-in and Option Agreement. The project spans 500 acres in Coosa County and is strategically positioned to support the electric vehicle industry. Preliminary exploration work has been completed, setting the stage for a maiden resource estimate. The company plans to initiate an exploration program in early 2022, focusing on drilling and additional mapping to further assess the graphite mineralization potential.
South Star Battery Metals Corp. has signed a binding Earn-in and Option Agreement for the Ceylon Graphite Project in Alabama, allowing it to earn up to 75% of the project. The agreement requires South Star to complete drilling, resource estimation, and an NI 43-101 compliant Preliminary Economic Analysis within three years, alongside a minimum expenditure of C$750,000. The Ceylon Graphite Project, located in Coosa County, covers 500 acres and has historical mining operations. The company aims for production at its Santa Cruz Project in 2022, leveraging U.S. infrastructure investments.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has announced an extension of the Exclusivity, Due Diligence, and Definitive Agreement period related to the Ceylon Graphite Project in Alabama. The deadline is now set for December 10, 2021. This follows a previous announcement on November 3, 2021, revealing a binding Earn-in and Option Agreement with Hexagon Energy Materials Limited and U.S. Critical Minerals LLC, enabling South Star to earn up to 75% of the Project. Final approval from the TSX Venture Exchange is pending.
South Star Battery Metals Corp. (STSV:STS, STSBF) announced successful results from its lithium-ion battery (LiB) cycle testing, achieving over 100 cycles with only 2.2% degradation while maintaining 342-345 mAh/g capacity. Projected performance suggests potential for 900 cycles before reaching standard performance cut-off. Additionally, high-purity graphite and conductive dispersions produced from the Santa Cruz Graphite Project showed superior conductivity compared to industry standards, indicating potential new market developments. The company is advancing toward production in 2022.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) will host a live webinar on November 16, 2021, at 2 PM EST. CEO Richard Pearce will discuss the global battery metals market, the company's operations, and a significant earn-in agreement related to the Alabama Graphite Project. South Star is progressing towards Phase 1 production at its Santa Cruz Graphite Project in Brazil, expected in Q4 2022. The company emphasizes a strong commitment to ESG principles and seeks to enhance shareholder value through its operations.
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