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Company Description

South Star Battery Metals is focused on the selective acquisition and development of near-term production projects. South Star is driven to create fundamental value in the industrial metals and battery metals sector for clients and investors with real projects that have strong intrinsic financial and operating metrics, and that can be profitable throughout the resource cycles. South Star has an experienced executive team with a strong history of discovering, developing, building and operating profitable mines in Brazil.

The Santa Cruz Graphite Project, located in Southern Bahia, is the first of a series of battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. The Project has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star began Phase 1 production in June 2022.

The Santa Cruz Project is being developed in a phased approach. Phase 1 operations for the 5,000 tpy pilot plant operations are fully licensed, and the Company started construction in June 2022 with commercial production targeted for Q2 2023. Phase 2 operations will represent a larger-scale concentration plant currently planned to produce between 25,000 to 30,000 tpy of concentrate. The sizing of the Phase 2 plant could be increased depending on the successes of the Phase 1 operations, ongoing development of commercial relationships, and market conditions.

>>>The Alabama Graphite Project

The Project is located on the northeast end of the Alabama Graphite Belt and covers approximately 500 acres in Coosa County Alabama. The Project is a historic mine active during World Wars I & II. The Ceylon Graphite mine historically targeted friable outcropping graphite mineralization, averaging approximately 3-5% graphitic carbon. Mineralization is at surface, and the graphitic host rock was mined historically with shovels and excavators with no drilling and blasting required.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship.

Investor Inquiries

1 604 706-0212 ext 3002

United States

RB Milestone Group LLC (RBMG)

New York, NY & Stamford, CT



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Stock Information as of
January 12, 2023

Cap Table(000s)

Total Outstanding33,189
Options @ $2.2580
Options @ $0.7518
Options @ $0.275462
Options @ $1.2524
Options @ $0.41835
Warrants @ $0.301,060
Warrants @ $0.751,863
Warrants @ $0.754,414
Warrants @ $0.7559
Warrants @ $0.751,200
Warrants @ $0.752,626
Warrants @ $1.253,468
Warrants @ $1.254,390
Warrants @ $1.254,365
Warrants @ $1.25443
Warrants @ $0.53142
Fully Diluted58,639
Market Value @ CAD $0.59$19.5M
  • Reporting Jurisdictions: British Columbia, Alberta

  • Stock Exchange: TSX Venture, OTCQB

  • Date of Formation: Nov 8, 1984

  • Stock Symbol: TSXV: STS, OTCQB: STSBF

  • Jurisdiction Where Formed: British Columbia

  • Auditor: Manning Elliott LLP

  • Industry Classification: Junior Natural Resource – Mining

  • CUSIP Number: 85858D

  • Transfer Agent: Computershare Trust Company of Canada

  • Financial Year-End: Dec 31