South Star Battery Metals Corp.

Highlights: Civil and earthworks contractors mobilized, and Santa Cruz is on schedule to complete construction and commissioning by December 2023. Majority of major equipment contracts signed and down payments completed to lock in equipment CAPEX. All major equipment contracts scheduled to be finalized in January 2023. Owners team mobilized and preparing for 12-month construction and commissioning. Field work for Phases 2 [...]

Highlights: Successful completion of maiden drilling program confirming at- or near-surface mineralization with 16.5m at 2.73% Cg, 18m at 2.67% Cg, 28.5m at 2.50% Cg, 51m at 2.35% Cg, 9.5m at 2.42% Cg, and 8m at 2.90% Cg. All drilling assays should be completed yearend 2022. All information and data will be compiled and used to complete the maiden NI 43-101 resource estimate planned for Q1 2023. Successful completion of [...]

South Star Battery Metals Corp. , is pleased to announce that it has closed the Phase 1 deposit transaction under the previously announced metals purchase and sale agreement with Sprott Private Resource Streaming and Royalty Corp. . With the closing of the recent private placements and receipt of the Phase 1 Deposit to fund CAPEX pursuant to the Agreement, the Company believes it is fully funded for construction of the [...]

South Star Battery Metals Corp. , is pleased to announce that it has completed the second tranche of its previously announced non-brokered private placement of units for total proceeds of C$2,326,700. The entire second tranche of the Offering was with global institutional investors who are very familiar with the battery metals and mining sectors. Net proceeds from the Private Placement will be used for exploration [...]

South Star Battery Metals Corp. , is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement of units for total proceeds of C$2,308,863. The majority of participation in the first tranche of the Offering was with global institutional investors who are very familiar with the battery metals and mining sectors. Net proceeds from the Private Placement will be used [...]

South Star Battery Metals Corp. is pleased to announce that it has submitted the Planned Economic Analysis and the request for the final mining license to the Brazilian Mining Authority on Sept 28th, 2022 for two additional claims, which are east and west extensions on strike of where the Phase 2 and 3 facilities are planned. This brings the total to 7 of the 13 mining claims submitted and now encompasses the entirety of [...]

South Star Battery Metals Corp. , is pleased to announce that it intends to complete a non-brokered private placement of units at a price of C$0.53 per Unit to raise up to C$5,250,000. Management expects the private placement to be fully subscribed. The Company has also amended the terms of its previously announced stream agreement and promissory note with Sprott Private Resource Streaming and Royalty Corp. for the Santa [...]

South Star Battery Metals Corp. is pleased to announce that it has received the construction permit for its Santa Cruz Mine in Brazil from the municipality of Itabela on September 15, 2022. In addition, South Star held meetings with the State of Bahia development agency, the Bahia industrial confederation as well as representatives from the port facilities in Salvador, Bahia. Richard Pearce, CEO of South Star, said, "The [...]

South Star Battery Metals Corp. is pleased to announce that it has contracted a drilling company for the maiden diamond drilling campaign to begin in September 2022. The Alabama exploration program includes: Drilling 10-15 holes ; Logging & Assays; QA/QC Program with Blanks, Duplicates and Standards; Background Water Quality Testing; Geotechnical Drilling / Installation of a Piezometer to Monitor Groundwater Levels [...]

South Star Battery Metals is pleased to announce that it has submitted the Planned Economic Analysis and the request for the final mining license to the Brazilian Mining Authority on August 15th, 2022 for the Claims 872.735/2010, 872.736/2010, 871.053/2011 and 871.524/2013 which is where the Phase 2 and 3 facilities are planned. The proposed PAE doubles the Santa Cruz production capacity presented in the previously [...]