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South Star Battery Metals ( (TSE:STS) ) has issued an update.
South Star Battery Metals Corp. has announced the successful acquisition of 100% ownership of the BamaStar Graphite Project in Coosa County, Alabama, following the completion of conditions for a 75% earn-in and an additional purchase of the remaining 25% from project partners. This acquisition marks a significant milestone in South Star’s strategy to transform from a project developer to a producing miner and integrated industrial graphite processor, leveraging its first-mover advantage in the responsibly sourced graphite market. The company aims to enhance its position in stable jurisdictions, ensuring supply chain reliability for global graphite solutions.
More about South Star Battery Metals
South Star Battery Metals Corp. is a Canadian battery-metals project developer that focuses on acquiring and developing near-term production projects in the Americas. The company’s key asset, the Santa Cruz Graphite Project in Southern Bahia, Brazil, is part of a series of industrial- and battery-metals projects slated for production. Brazil is notable for being the second-largest graphite-producing region globally, with a history of over 80 years in continuous mining.
YTD Price Performance: -11.85%
Average Trading Volume: 6,348
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.64M
For a thorough assessment of STS stock, go to TipRanks’ Stock Analysis page.
