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South Star Battery Metals Announces Appointment of Richard Vigil as Vice President of Operations

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South Star Battery Metals Corp. appoints Richard Vigil as Vice President of Operations, leveraging his 15 years of experience in evaluating mines globally, focusing on the Americas. His expertise includes assessing technical and economic merits, risks for international banks, and being an independent technical mining consultant. Richard Pearce, CEO, welcomes Vigil's expertise to support operations in Brazil and advance technical studies for Santa Cruz and BamaStar projects. South Star aims to become a diversified battery metals company with near-term operations in strategic locations.

South Star Battery Metals Corp. ha nominato Richard Vigil come Vicepresidente delle Operazioni, sfruttando i suoi 15 anni di esperienza nella valutazione di miniere in tutto il mondo, con un focus sulle Americhe. La sua competenza include la valutazione dei meriti tecnici ed economici e dei rischi per le banche internazionali, nonché la sua attività come consulente tecnico indipendente nel settore minerario. Richard Pearce, amministratore delegato, accoglie con favore l'esperienza di Vigil per supportare le operazioni in Brasile e promuovere studi tecnici per i progetti Santa Cruz e BamaStar. South Star mira a diventare un'azienda diversificata nel settore dei metalli per batterie, con operazioni a breve termine in posizioni strategiche.
South Star Battery Metals Corp. ha designado a Richard Vigil como Vicepresidente de Operaciones, aprovechando sus 15 años de experiencia en la evaluación de minas a nivel mundial, con un enfoque en las Américas. Su experiencia incluye la valoración de méritos técnicos y económicos, y los riesgos para los bancos internacionales, además de ser un consultor técnico minero independiente. Richard Pearce, CEO, da la bienvenida a la experiencia de Vigil para apoyar las operaciones en Brasil y avanzar en los estudios técnicos para los proyectos de Santa Cruz y BamaStar. South Star aspira a convertirse en una compañía diversificada de metales para baterías con operaciones a corto plazo en ubicaciones estratégicas.
South Star Battery Metals Corp.은 리처드 비질을 운영 부사장으로 임명했습니다. 그는 미주 지역을 중심으로 전 세계 광산 평가에서 15년 간의 경험을 살려 나갈 것입니다. 그의 전문성은 국제 은행을 위한 기술적, 경제적 가치 평가 및 위험 평가를 포함하며 독립적인 기술 광산 컨설턴트로도 활동하고 있습니다. 리처드 피어스 CEO는 비질의 전문성을 환영하며 브라질에서의 운영 지원 및 산타크루즈 및 바마스타 프로젝트의 기술적 연구를 전진시키기를 기대합니다. South Star는 전략적인 위치에서 단기 운영을 하는 다양화된 배터리 금속 회사가 되고자 합니다.
South Star Battery Metals Corp. a nommé Richard Vigil au poste de Vice-président des Opérations, mettant à profit ses 15 années d'expérience dans l'évaluation de mines à travers le monde, avec un accent sur les Amériques. Son expertise comprend l'évaluation des mérites techniques et économiques, les risques pour les banques internationales, ainsi que son rôle de consultant minier technique indépendant. Richard Pearce, PDG, accueille l'expertise de Vigil pour soutenir les opérations au Brésil et avancer les études techniques pour les projets Santa Cruz et BamaStar. South Star vise à devenir une entreprise diversifiée de métaux pour batteries, avec des opérations à court terme dans des emplacements stratégiques.
South Star Battery Metals Corp. hat Richard Vigil zum Vizepräsidenten für Betrieb ernannt, um von seiner 15-jährigen Erfahrung in der Bewertung von Minen weltweit, insbesondere in Amerika, zu profitieren. Sein Fachwissen umfasst die Bewertung technischer und wirtschaftlicher Vorzüge sowie Risiken für internationale Banken und seine Tätigkeit als unabhängiger technischer Bergbau-Berater. Richard Pearce, CEO, begrüßt Vigils Kompetenz zur Unterstützung der Operationen in Brasilien und zur Förderung technischer Studien für die Santa Cruz und BamaStar Projekte. South Star strebt danach, ein diversifiziertes Unternehmen für Batteriemetalle mit kurzfristig angesetzten Operationen in strategischen Lagen zu werden.
Positive
  • Appointment of Richard Vigil as Vice President of Operations to enhance operational and technical expertise.

  • Richard Vigil brings 15 years of experience in evaluating mines globally, focusing on the Americas.

  • Richard Pearce, CEO, expresses excitement about Vigil's contribution to Santa Cruz and BamaStar projects' development.

  • Santa Cruz Graphite Project's successful large-scale pilot-plant testing and upcoming commercial production projected in Q3 2024.

  • South Star fully funded for Phase 1 with construction and commissioning underway.

Negative
  • Potential risks associated with transitioning from a developer to an operator for South Star Battery Metals Corp.

  • Challenges in scaling operations and expanding the team in Brazil and the Americas.

  • Phase 2 and 3 production targets for BamaStar Project in 2026 and 2028, potentially facing execution risks.

VANCOUVER, BC / ACCESSWIRE / May 1, 2024 / South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF), is pleased to announce that Richard Vigil has been appointed as Vice President of Operations of the Company.

Mr. Vigil is a mining engineer with an MBA specializing in international business and finance. He has 15 years of experience evaluating mines and projects globally but with a focus on the Americas. His expertise includes assessing the technical and economic merits of operations/projects and risks for international banks, stream and royalty companies, and being an independent technical mining consultant. He has evaluated mines/projects in graphite, gold, silver, lead, zinc, copper, uranium, molybdenum, iron ore, and metallurgical coal. His background as both a mining engineer in operations and as a technical advisor will contribute to Santa Cruz's ramp-up and expansion, as well as BamaStar's advancement from studies to the future planned production. His technical focus has been on mining methods, mine design, resource and reserve estimation, processing, market studies, National Instrument 43-101 reports, risk assessment, OPEX/CAPEX/margin analysis, and corporate advisory. He went to the Colorado School of Mines and Tulane University, and is US based.

Richard Pearce, CEO of South Star, remarked, "We are thrilled to welcome Rich to our team and look forward to his operational and technical expertise as we expand operations in Brazil and advance the upcoming technical studies for both Santa Cruz and BamaStar. As we scale operations and expand our team, it's vital to hire experienced professionals with proven track records to deliver milestones safely and responsibly in partnership with our communities, clients, and other stakeholders. It is great to have someone of Rich's caliber join South Star at this critical juncture as we transition from a developer to an operator."

ABOUT SOUTH STAR BATTERY METALS CORP

South Star Battery Metals Corp. 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 (> 30t) has been completed. The results of the testing show that approximately 65% of graphite concentrate is +80 mesh with good recoveries and 95%-99% graphitic carbon (Cg). With excellent infrastructure and logistics, South Star is fully funded for Phase 1, and the construction and commissioning are underway. Santa Cruz will be the first new graphite production in the Americas since 1996, with Phase 1 commercial production projected in Q3 2024. Phase 2 production (25,000 tpa) is partially funded and planned for 2026, while Phase 3 (50,000 tpa) is scheduled for 2028.

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. A NI43-101 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 indicates a traditional crush/grind/flotation concentration circuit that achieved grades of approximately 94-97% Cg with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

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 Board,

MR. RICHARD PEARCE
Chief Executive Officer

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 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.

SOURCE: South Star Battery Metals Corp.



View the original press release on accesswire.com

FAQ

Who has been appointed as Vice President of Operations of South Star Battery Metals Corp.?

Richard Vigil has been appointed as Vice President of Operations of South Star Battery Metals Corp.

What is Richard Vigil's background and expertise?

Richard Vigil is a mining engineer with an MBA specializing in international business and finance. He has 15 years of experience evaluating mines and projects globally, with a focus on the Americas.

Where is South Star Battery Metals Corp. headquartered?

South Star Battery Metals Corp. is headquartered in Vancouver, BC.

What are the primary projects of South Star Battery Metals Corp.?

South Star's primary projects include the Santa Cruz Graphite Project in Brazil and the BamaStar Project in Alabama.

What are the stock symbols for South Star Battery Metals Corp.?

South Star trades on the TSX Venture Exchange under the symbol STS and on the OTCQB under the symbol STSBF.

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