South Star Announces Successful Product Qualification and 100-Tonne Sale of Natural Flake Graphite Concentrate to U.S. Customer
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) has announced a binding commercial sales agreement for 100 tonnes of graphite concentrate from its Santa Cruz Graphite Mine in Brazil. This follows the company's first sale announcement in May 2024 and comes as the Phase-1 Plant commissioning is underway. The Santa Cruz mine is set to be the first new graphite mine in the Americas this century, with a planned production of 12,000 tonnes per annum at steady-state.
The sale agreement was executed after rigorous testing and qualification of South Star's graphite, which outperformed other suppliers' products. The company is focusing on producing high-quality graphite concentrates for various industrial applications while developing value-added products like Coated Spherical Purified Graphite for battery applications, with commercial sales planned for Q4 2026.
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) ha annunciato un accordo commerciale vincolante per la vendita di 100 tonnellate di concentrato di grafite dalla sua miniera di grafite di Santa Cruz in Brasile. Questo segue l'annuncio della prima vendita dell'azienda nel maggio 2024 e avviene mentre sono in corso le operazioni di avviamento dell'impianto di fase 1. La miniera di Santa Cruz si prefigge di essere la prima nuova miniera di grafite nelle Americhe di questo secolo, con una produzione pianificata di 12.000 tonnellate all'anno a regime costante.
L'accordo di vendita è stato eseguito dopo rigorosi test e qualificazione della grafite di South Star, che ha superato i prodotti di altri fornitori. L'azienda si sta concentrando sulla produzione di concentrati di grafite di alta qualità per diverse applicazioni industriali, mentre sviluppa prodotti a valore aggiunto come il grafite sferico purificato rivestito per applicazioni nelle batterie, con vendite commerciali pianificate per il quarto trimestre del 2026.
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) ha anunciado un acuerdo comercial vinculante para la venta de 100 toneladas de concentrado de grafito de su mina de grafito Santa Cruz en Brasil. Esto sigue al anuncio de la primera venta de la compañía en mayo de 2024 y se produce mientras se está llevando a cabo la puesta en marcha de la Planta Fase-1. La mina Santa Cruz está destinada a ser la primera nueva mina de grafito en las Américas de este siglo, con una producción planificada de 12,000 toneladas anuales en estado de equilibrio.
El acuerdo de venta se ejecutó después de rigurosas pruebas y calificación del grafito de South Star, que superó los productos de otros proveedores. La empresa se está enfocando en producir concentrados de grafito de alta calidad para diversas aplicaciones industriales, mientras desarrolla productos de valor añadido como el grafito esférico purificado recubierto para aplicaciones en baterías, con ventas comerciales previstas para el cuarto trimestre de 2026.
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF)는 브라질 산타크루즈 그래파이트 광산으로부터 100톤의 그래파이트 농축물에 대한 구속력 있는 상업 판매 계약을 발표했습니다. 이는 2024년 5월 회사의 첫 번째 판매 발표 이후 진행된 것이며, 1단계 플랜트 시운전이 진행 중입니다. 산타크루즈 광산은 21세기 아메리카 대륙의 첫 번째 새로운 그래파이트 광산으로 설정되었으며, 연간 12,000톤의 생산이 계획되고 있습니다.
판매 계약은 South Star의 그래파이트가 다른 공급업체의 제품보다 뛰어난 성능을 보인 후 체결되었습니다. 이 회사는 다양한 산업 응용 분야를 위한 고품질 그래파이트 농축물을 생산하는 데 집중하고 있으며, 배터리 응용 분야를 위한 코팅된 구형 정제 그래파이트와 같은 부가 가치 제품 개발에도 힘쓰고 있으며, 상업적 판매는 2026년 4분기로 예정되어 있습니다.
South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) a annoncé un accord de vente commercial contraignant pour 100 tonnes de concentré de graphite provenant de sa mine de graphite de Santa Cruz au Brésil. Cela fait suite à l'annonce de la première vente de l'entreprise en mai 2024 et intervient alors que le démarrage de l'usine Phase-1 est en cours. La mine de Santa Cruz devrait être la première nouvelle mine de graphite dans les Amériques de ce siècle, avec une production prévue de 12 000 tonnes par an à l'état stable.
L'accord de vente a été conclu après des tests rigoureux et la qualification du graphite de South Star, qui a surpassé les produits d'autres fournisseurs. L'entreprise se concentre sur la production de concentrés de graphite de haute qualité pour diverses applications industrielles, tout en développant des produits à valeur ajoutée tels que le graphite purifié sphérique revêtu pour des applications de batterie, avec des ventes commerciales prévues pour le quatrième trimestre 2026.
Die South Star Battery Metals Corp. (TSXV:STS)(OTCQB:STSBF) hat eine bindende Verkaufsvereinbarung über 100 Tonnen Graphitkonzentrat aus ihrer Graphitmine Santa Cruz in Brasilien bekannt gegeben. Dies folgt auf die erste Verkaufsankündigung des Unternehmens im Mai 2024 und erfolgt, während die Inbetriebnahme der Phase-1-Anlage im Gange ist. Die Santa Cruz Mine soll die erste neue Graphitmine in den Amerikas dieses Jahrhunderts werden, mit einer geplanten Produktion von 12.000 Tonnen pro Jahr im stabilen Betrieb.
Der Verkaufsvertrag wurde nach strengen Tests und Qualifikationen des Graphits von South Star unterzeichnet, der die Produkte anderer Anbieter übertroffen hat. Das Unternehmen konzentriert sich darauf, hochwertige Graphitkonzentrate für verschiedene industrielle Anwendungen zu produzieren, während es wertschöpfende Produkte wie beschichtete sphärische gereinigte Graphit für Batterien entwickelt, mit geplanten kommerziellen Verkäufen für das 4. Quartal 2026.
- Secured a 100-tonne graphite concentrate sale to a U.S. customer
- Santa Cruz Phase-1 Plant commissioning is underway
- Planned production of 12,000 tonnes per annum at steady-state
- South Star's graphite passed rigorous testing and qualification processes
- Developing value-added products for battery applications with sales planned for Q4 2026
- Commercial production has not yet commenced
- Initial graphite purchase orders fulfillment delayed to Q4 2024
South Star advancing the first new natural-flake graphite mine in the Americas this century.
VANCOUVER, BC / ACCESSWIRE / August 1, 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"), South Star has executed another binding commercial sales agreement (the "Agreement") for the initial purchase of 100 tonnes (more than 220,000 pounds) of graphite concentrate from the Company's flagship Santa Cruz Graphite Mine ("Santa Cruz"), located in northeastern Brazil's Bahia state.
As announced on July 29, 2024 ("South Star Announces Substantial Completion and Commissioning of the Santa Cruz Phase 1 Graphite Mine in Brazil"), the commissioning of the Santa Cruz Phase-1 Plant is underway. Once commercial production commences, Santa Cruz will be the first new graphite mine in the Americas this century. At steady-state, the Santa Cruz Phase-1 Plant will produce approximately 1,000 tonnes per month/12,000 tonnes per annum. South Star plans to fulfill initial graphite purchase orders in Q4 2024.
For competitive reasons, the Client's identity and commercial details of the Agreement will remain confidential.
South Star President and CEO Richard Pearce, commented, "We are extremely pleased to continue to develop long-term partnerships in the U.S. and execute on our go-to-market sales strategy. This latest sale Agreement was executed after our Santa Cruz graphite was subjected to two rigorous, extensive characterization, testing and qualification programs."
"The Client contacted South Star earlier this year to evaluate our graphite, specifically, as a potential long-term feedstock for several applications. The Client tested and rejected other suppliers' graphite concentrates as they failed to meet certain critical specifications. This sale is a significant achievement for South Star, underscoring our Brazilian graphite's exceptional quality and performance."
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 midstream and downstream product suite for value-added applications - specifically, battery-graphite products, including specialty Coated Spherical Purified Graphite ("CSPG" or "Active Anode Material") for rechargeable lithium-ion ("Li-ion") battery applications and conductivity-enhancement products applicable to all commercial primary and secondary battery chemistries -- with commercial sales 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.
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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 NI 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. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.
This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.
On behalf of the South Star Board of Directors,
(s) MR. RICHARD L. PEARCE, Jr., P.E.
President, Chief Executive Officer and Executive Director
For additional information, please contact:
South Star Investor Relations
Email: invest@southstarbatterymetals.com
Phone: +1 (604) 706-0212
Website: www.southstarbatterymetals.com
Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube
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.
FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information 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, 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.
SOURCE: South Star Battery Metals Corp.
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FAQ
What is the latest sales agreement announced by South Star Battery Metals (STSBF)?
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