South Star Battery Metals CEO Richard Pearce joined Proactive to share news that the company has completed its maiden drill program at the Ceylon project in Alabama. Pearce said all 12 holes showed significant intervals with grades typically ranging from 1.5% to 4.5% Cg. The data will be compiled and used to complete a maiden NI 43-101 resource [...]
Highlights: Successful completion of 12 hole maiden diamond drilling program confirming at- or near-surface mineralization with a total of 324.5 meters of mineralization and an average weighted grade of 2.12% Cg. All the holes have significant intervals with grades typically ranging from 1.5% to 4.5% Cg and consistent mineralized zones. All [...]
South Star Battery Metals Corp. , is pleased to announce that it has completed a non-brokered private placement of units for total proceeds of C$230,166. This Offering is related to the Company's previous private placement completed in November 2022 , but funds were received in January of 2023. Net proceeds from the Private Placement will be used [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]