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South Star Battery Metals Announces Approval of the Environmental Permits for the Santa Cruz Graphite Mine Phases 2 & 3 in Bahia, Brazil
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About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Battery Metals Announces Approval of the Environmental Permits for the Santa Cruz Graphite Mine Phases 2 & 3 in Bahia, BrazilTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / February 6, 2024 / South Star Battery Metals Corp. (\"South Star\" or the \"Company\") (TSXV:STS)(OTCQB:STSBF), is pleased to announce that the environmental permits for Santa Cruz Graphite Mine Phases 2 and 3 have been approved for up to 50,000 tonne per annum (\"tpa\") of concentrate for eight mining claims. Following approval of the environmental permits, five of the principal claims were approved by the regional office of the National Mining Agency (\"ANM\") and forwarded to the Ministry of Mines and Energy (\"MME\") in Brasilia for final review of the life-of-mine permit applications. The Phases 2 and 3 environmental permits were approved with conditions generally in line with the Phase 1 permit and are consistent with the current environmental and community engagement programs already underway.South Star President, Richard Pearce, commented, \"This important approval is another big achievement for Santa Cruz and is a key step forward in derisking our future operations and scaling our production at a critical time for battery metals. Once the full mining concessions incorporating Phases 2 and 3 are approved by the MME, we will be able to increase our Phase 1 production to name plate capacity of 13,000 tpa from 5,000 tpa and deliver more high-quality Brazilian flake graphite to our clients. Our goal is to have all permits/licenses in hand shortly for 50,000 tpa of production and advancing the Santa Cruz feasibility study so we are ready to make an investment decision shortly after delivery of the report in December 2024. Up to US$18M is available through our agreement with Sprott Streaming for Phase 2 production expansion upon delivery of the FS. I would like to sincerely thank our team, the Municipality of Itabela and all stakeholders for their continuing support of Santa Cruz as we responsibly scale our operations in one of the most proven graphite districts in the world. Santa Cruz will be the first new graphite production in the Americas since 1996, and we look forward to scaling operations soon as our clients request additional production from us.\"Upcom...