South Star Battery Metals Corp - STSBF STOCK NEWS

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.

South Star Battery Metals Corp. (STSBF) has reached key terms for an earn-in agreement on the Ceylon Graphite Project in Alabama, aiming to acquire up to 75% ownership. The project covers approximately 500 acres in Coosa County and has historical significance, having been active during World Wars I and II. The earn-in requires South Star to fund a minimum of CAD$750,000 over three years for further geological analysis. The company has also joined the Critical Materials Institute to enhance its supply chain capabilities and retained Market Digital for marketing services.

South Star Battery Metals Corp. has successfully completed a non-brokered private placement, raising proceeds of C$2,427,700 from the issuance of 22,069,999 units at C$0.11 per unit. Key institutional investors participated in the offering. The funds will support advanced materials sample preparation, commercial agreements, and general working capital. Each unit includes a common share and a warrant exercisable at C$0.15 for three years. The company anticipates Phase 1 production at its Santa Cruz Graphite Project in Brazil in Q4 2022.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) announced an increase in its non-brokered private placement, aimed to raise approximately CAD$2,300,000. The offering will consist of 20,909,091 units priced at CAD$0.11 per unit, each comprising one common share and one purchase warrant exercisable at CAD$0.15. Proceeds will support advanced materials preparation, commercial agreements, and general working capital. The closing is subject to TSXV approval and customary conditions.

South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) plans a non-brokered private placement to raise approximately C$1,200,000. The offering includes 10,909,091 units priced at C$0.11 each, with each unit comprising one common share and one warrant exercisable at C$0.15 for three years. Proceeds will support land acquisition, materials preparation, and project finance. An acceleration clause may shorten the exercise window for warrants if the share price exceeds C$0.50 for ten consecutive days. The transaction awaits necessary approvals.