STS:CC - South Star Battery Metals Poised to Become First New Graphite Producer in the Americas Since 1996

2024-02-12 19:16:44 ET

South Star Battery Metals (TSXV:STS,OTCQB:STSBF) is poised to become the first new graphite producer in the Americas since 1996, according to CEO and Director Richard Pearce.

The company has received environmental permit approval for its Santa Cruz graphite mine in Brazil. The approval is for Phase 2 and 3 production of up to 50,000 tonnes per annum (tpa) of concentrate for eight mining claims.

“Phase one is 5,000 tonnes per annum of concentrate production. Our nameplate production is 13,000 (tonnes). So as soon as we get our mining permit, we'll be able to step up to 13,000 tonnes. Phase 2 then is an expansion to 25,000 tonnes. In Phase 3, a total of 50,000 tonnes … So as we expand, we just copy-paste the 25,000 tonne per annum module. We are still looking to produce 5,000 tonnes of concentrate in 2024 and sell those to clients,” Pearce said.

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