South Star Announces Additional Sales of Natural Flake Graphite Concentrate to U.S. Customer
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF) has executed a new binding commercial sales agreement for 40 tonnes of natural-flake graphite concentrate from its Santa Cruz Graphite Mine in Brazil. This follows previous sales announcements in May and August 2024. The buyer is a prominent American industrial graphite customer who has expressed interest in regular purchases pending positive test results.
The company is on schedule to commission the Santa Cruz Phase 1 Plant in Q3 2024, which will produce approximately 12,000 tonnes per annum of natural-flake graphite concentrates at steady-state. South Star plans to fulfill initial sales agreements in Q4 2024.
South Star is also advancing its BamaStar Graphite Project in Alabama, USA, with a Preliminary Economic Assessment underway. The company's long-term strategy involves developing a vertically integrated battery-graphite manufacturing plant in the United States, with a combined production of 100,000 tonnes per year of high-quality concentrates from two mines.
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF) ha firmato un nuovo accordo commerciale vincolante per la fornitura di 40 tonnellate di concentrato di grafite naturale in scaglie dalla sua miniera di grafite Santa Cruz in Brasile. Questo accordo segue le precedenti comunicazioni di vendita di maggio e agosto 2024. L'acquirente è un importante cliente industriale di grafite americano che ha espresso interesse per acquisti regolari, in attesa di risultati positivi dai test.
L'azienda è in programma di commissionare la Fase 1 dello stabilimento Santa Cruz nel Q3 2024, il quale produrrà circa 12.000 tonnellate all'anno di concentrati di grafite naturale in scaglie a regime. South Star prevede di soddisfare i contratti di vendita iniziali nel Q4 2024.
South Star sta anche avanzando con il suo Progetto BamaStar in Alabama, USA, con una Valutazione Economica Preliminare in corso. La strategia a lungo termine dell'azienda prevede lo sviluppo di un impianto di produzione di grafite per batterie integrato verticalmente negli Stati Uniti, con una produzione combinata di 100.000 tonnellate all'anno di concentrati di alta qualità provenienti da due miniere.
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF) ha ejecutado un nuevo acuerdo de venta comercial vinculante por 40 toneladas de concentrado de grafito natural en escamas de su mina de grafito Santa Cruz en Brasil. Esto sigue a los anuncios de ventas previos en mayo y agosto de 2024. El comprador es un destacado cliente industrial estadounidense de grafito que ha expresado interés en compras regulares, a la espera de resultados positivos de las pruebas.
La compañía está en camino de poner en marcha la Planta Fase 1 de Santa Cruz en el Q3 de 2024, que producirá aproximadamente 12,000 toneladas al año de concentrados de grafito natural en escamas a estado estable. South Star planea cumplir con los acuerdos de venta iniciales en el Q4 de 2024.
South Star también está avanzando en su Proyecto BamaStar en Alabama, EE. UU., con una Evaluación Económica Preliminar en curso. La estrategia a largo plazo de la compañía implica desarrollar una planta de fabricación de grafito para baterías integrada verticalmente en los Estados Unidos, con una producción combinada de 100,000 toneladas al año de concentrados de alta calidad de dos minas.
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF)는 브라질의 Santa Cruz 흑연 광산에서 40톤의 천연 플레이트 흑연 농축물에 대한 새로운 구속력 있는 상업 판매 계약을 체결했습니다. 이는 2024년 5월과 8월의 이전 판매 발표에 이어진 것입니다. 구매자는 긍정적인 시험 결과가 나오는 경우 정기적인 구매에 관심을 보인 미국의 주요 산업 흑연 고객입니다.
회사는 2024년 3분기에 Santa Cruz 1단계 공장 가동을 준비 중이며, 정상 가동 시 약 연간 12,000톤의 천연 플레이트 흑연 농축물을 생산할 것입니다. South Star는 2024년 4분기에 초기 판매 계약을 이행할 계획입니다.
South Star는 또한 미국 앨라배마의 BamaStar 흑연 프로젝트를 진행 중이며, 예비 경제 평가가 진행되고 있습니다. 이 회사의 장기 전략은 두 개의 광산에서 연간 100,000톤의 고품질 농축물 생산을 목표로 미국에 수직 통합된 배터리 흑연 제조 공장을 개발하는 것입니다.
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF) a signé un nouveau contrat de vente commerciale contraignant pour 40 tonnes de concentré de graphite naturel en flocons de sa mine de graphite de Santa Cruz au Brésil. Cela fait suite aux annonces de ventes précédentes en mai et août 2024. L'acheteur est un client industriel américain majeur en graphite qui a exprimé son intérêt pour des achats réguliers, en attendant des résultats de tests positifs.
L'entreprise est sur le point de mettre en service l'usine Phase 1 de Santa Cruz au T3 2024, qui produira environ 12 000 tonnes par an de concentrés de graphite naturel en flocons à l'état stable. South Star prévoit de satisfaire les premiers contrats de vente au T4 2024.
South Star avance également dans son projet BamaStar en Alabama, États-Unis, avec une évaluation économique préliminaire en cours. La stratégie à long terme de l'entreprise consiste à développer une usine de production de graphite pour batteries intégrée verticalement aux États-Unis, avec une production combinée de 100 000 tonnes par an de concentrés de haute qualité provenant de deux mines.
South Star Battery Metals (TSXV:STS)(OTCQB:STSBF) hat eine neue verbindliche Verkaufsvereinbarung über 40 Tonnen natürliches Flake-Grafitkonzentrat aus seiner Grafitmine Santa Cruz in Brasilien unterzeichnet. Dies folgt auf frühere Verkaufsankündigungen im Mai und August 2024. Der Käufer ist ein bedeutender amerikanischer Industriekunde für Grafit, der Interesse an regelmäßigen Käufen bekundet hat, vorbehaltlich positiver Testergebnisse.
Das Unternehmen plant, die Santa Cruz Phase 1 Anlage im Q3 2024 in Betrieb zu nehmen, die etwa 12.000 Tonnen pro Jahr an natürlichem Flake-Grafitkonzentrat bei stabilem Betrieb produzieren wird. South Star plant, die ersten Verkaufsvereinbarungen im Q4 2024 zu erfüllen.
South Star entwickelt auch das BamaStar-Grafitprojekt in Alabama, USA, wobei eine vorläufige wirtschaftliche Bewertung durchgeführt wird. Die langfristige Strategie des Unternehmens sieht die Entwicklung eines vertikal integrierten Grafitproduktionswerks für Batterien in den Vereinigten Staaten vor, mit einer kombinierten Produktionskapazität von 100.000 Tonnen pro Jahr an hochwertigen Konzentraten aus zwei Minen.
- Executed new sales agreement for 40 tonnes of graphite concentrate with a U.S. customer
- Santa Cruz Phase 1 Plant on schedule for commissioning in Q3 2024
- Planned production of 12,000 tonnes per annum of graphite concentrates
- Advancing BamaStar Graphite Project in Alabama with PEA underway
- Long-term strategy to develop vertically integrated battery-graphite manufacturing in the U.S.
- None.
Advancing the First New Natural-Flake Graphite Mine in the Americas this Century
VANCOUVER, BC / ACCESSWIRE / August 6, 2024 / SOUTH STAR BATTERY METALS CORP. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF) is pleased to announce that, further to the Company's May 6, 2024 announcement ("South Star Battery Metals Announces the First Sale of Natural Flake Graphite Concentrate from its Santa Cruz Graphite Mine in Brazil") and its August 1, 2024 announcement ("South Star Announces Successful Product Qualification and 100-Tonne Sale of Natural Flake Graphite Concentrate to U.S. Customer"), South Star has executed another binding commercial sales agreement (the "Agreement") for an initial 40 tonnes (more than 88,000 pounds) of natural-flake graphite concentrate from the Company's flagship Santa Cruz Graphite Mine("Santa Cruz"), located in northeastern Brazil's Bahia state. This most recent sales Agreement was formally executed with a prominent American industrial graphite customer (the "U.S. Client").
The U.S. Client has also expressed interest in negotiating regular purchases, pending positive test results for specific applications. For competitive reasons, the U.S. Client's identity and commercial details of the Agreement will remain confidential.
As announced by the Company on July 29, 2024 ("South Star Announces Substantial Completion and Commissioning of the Santa Cruz Phase 1 Graphite Mine in Brazil"), South Star is on schedule to commission the Santa Cruz Phase 1 Plant during Q3 2024. Once commercial production commences, Santa Cruz will be the first new graphite mine in the Americas this century. At steady-state, the Phase 1 Plant will produce approximately 1,000 tonnes per month/12,000 tonnes per annum of natural-flake graphite concentrates. South Star plans to fulfill initial sales agreements in Q4 2024.
South Star President and CEO Richard Pearce stated, "We are extremely pleased to continue to develop long-term partnerships in the U.S. as we continue to execute on our business plan. South Star's phased commercialization approach is predicated on effectively leveraging our first-mover advantage, providing our customers with a broad range of products for a variety of industry sectors and applications."
"As part of our upcoming National Instrument 43-101-guided ("N.I. 43-101") Preliminary Economic Assessment ("PEA") technical report for the BamaStar Graphite Project - located in Coosa County, Alabama, USA, in the historic, past-producing ‘Alabama Graphite Belt'[1] - we have produced several value-added battery-graphite samples, with preliminary electrochemical testing, currently underway," commented Mr. Pearce. "We intend to advance into downstream battery-graphite markets quickly with phased, modular builds, in order to scale operations as demand grows. Our long-term strategic plan is to have a vertically integrated battery-graphite manufacturing plant - located in the United States - with flake graphite concentrate feedstocks produced from two mines, producing a combined 100,000 tonnes per year of high-quality concentrates. Our team is working hard to fill out the order book for Santa Cruz's Phase 1 production, while providing South Star with the graphite concentrate feedstock needed to rapidly advance our planned suite of battery-graphite products."
South Star's immediate go-to-market commercial strategy is to produce high-quality graphite concentrates for various industrial applications and sectors. Concurrently, technical product-development programs are continuing to advance the Company's downstream product suite for value-added applications, specifically, specialty battery-graphite products - including Coated Spherical Purified Graphite ("CSPG" or "Active Anode Material") for large-scale lithium-ion ("Li-ion") battery applications and conductivity-enhancement products - applicable to all commercial primary and secondary battery chemistries. Initial production and commercial sales of value-add products are planned for Q4 2026.
The Company looks forward to updating the market on the progress of developments with other potential customers as soon as details are finalized.
On behalf of the South Star Battery Metals Corp. Board of Directors,
(s) MR. RICHARD L. PEARCE, Jr., P.E.
President, Chief Executive Officer and Executive Director
# # #
QUALIFIED PERSON
Mr. Richard L. Pearce, P.E., President, Chief Executive Officer and Executive Director of South Star Battery Metals Corp., is a Qualified Person as defined by National Instrument 43-101 guidelines, and has reviewed and approved the content of this news release.
ABOUT SOUTH STAR BATTERY METALS CORP.
South Star Battery Metals Corp. ("South Star") is a Canadian battery-metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial- and battery-metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30 tonnes) has been completed. The results of the testing show that approximately
South Star's second project in the development pipeline is strategically located in Alabama in the center of a developing electric-vehicle, aerospace, and defense hub in the southeastern United States. The BamaStar Project includes a historic mine active during the First and Second World Wars. An N.I. 43-101 guided technical report with the maiden resource estimate has been filed on SEDAR. Trenching, Phase 1 drilling, sampling, analysis, and preliminary metallurgical testing have been completed. The testing included a traditional crush/grind/flotation concentration circuit that achieved grades of approximately 94
South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles, based on transparency, stakeholder engagement, ongoing education, and stewardship. Learn more by visiting www.southstarbatterymetals.com
For additional information, please contact:
SOUTH STAR INVESTOR RELATIONS
Email invest@southstarbatterymetals.com
Phone +1 (604) 706-0212
Website www.southstarbatterymetals.com
SOCIAL MEDIA
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FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to statements regarding moving Santa Cruz into production and scaling operations as well as advancing the Alabama project, and the Company's plans and expectations.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
CAUTIONARY STATEMENT
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
[1] Cameron, Eugene N. & Weis, Paul L., "Strategic Graphite, A Survey" (Washington, DC: United States Bureau of Mines report; Bulletin 1082-E, 1960): 260 - 266, United States Geological Survey (USGS) publications website: https://pubs.usgs.gov/publication/b1082E (accessed August 4, 2024)
SOURCE: South Star Battery Metals Corp.
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FAQ
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