South Star Battery Metals Corp (TSE:STS) has released an update.
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South Star Battery Metals Corp. had an eventful 2023 with significant advancements in its Santa Cruz Phase 1 construction in Brazil, despite a 6-month delay due to supplier and workforce issues. The company outperformed major indices with a 36% return and raised capital with minimal dilution, ending the year debt-free and with C$6.5M in cash. Looking ahead to 2024, South Star anticipates production and sales of graphite to nearly meet initial targets and is preparing for a feasibility study and investment decision for further expansion.
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