STS:CC - South Star CEO Shares Insight on Bringing Graphite Mine to Production

2023-03-15 15:55:00 ET

South Star Battery Metals (TSXV:STS,OTCQB:STSBF) CEO and Director Richard Pearce shared some lessons learned from his company’s journey to bring its Santa Cruz graphite project in Brazil to production.

“2008 was a real wakeup call to the mining sector,” Pearce said, explaining that the “old way” of doing things — where junior miners would go out and explore, produce studies and sell to a major mining company — is no longer a viable business today.

He cited the challenges with getting institutional funding for graphite projects and the lack of a standardized pricing structure for this critical battery metal . According to Pearce, South Star’s business strategy allowed the company to fund and operate its graphite projects from exploration to production.

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