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South Star Battery Metals Announces Binding Final Agreement for Graphite Project in Coosa County, Alabama
South Star Battery Metals Announces Binding Final Agreement for Graphite Project in Coosa...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"\n \n \n \n South Star Battery Metals Announces Binding Final Agreement for Graphite Project in Coosa County, Alabama\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 7, 2021\n \n /CNW/ - South Star Battery Metals Corp. (\"South Star\" or the \"Company\") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has entered into a binding Earn-in and Option Agreement (\"Agreement\") for the Ceylon Graphite Project (\"Project\") in\n \n Alabama\n \n with Hexagon Energy Materials Limited (\"Hexagon\") (ASX: HXG) and U.S. Critical Minerals LLC (\"USCM\"), a privately-held exploration company incorporated in\n \n the United States\n \n (see\n \n November 3, 2021\n \n press release). Under the terms of the Agreement, South Star will have the right to earn-in to up to 75% of the Project.  The transaction is subject to the final approval of the TSX Venture Exchange (the \"\n \n T\n \n SXV\").\n \n \n \n Richard Pearce\n \n , South Star's CEO, said \"We continue to execute on creating a multi-asset, diversified battery metals company. Our goals continue to be to get\n \n Santa Cruz\n \n in production in 2022, and we are excited about bringing on the next scalable critical battery metals project in the pipeline in another important jurisdiction for the sector. The approved Infrastructure Bill in the US will provide a lot of opportunities. We will leverage all our technical and commercial experience from Brazilian graphite and move the Project forward quickly. The Southeast corridor of the US is transforming itself into an electric vehicle, clean-tech and defense hub, and the Project in\n \n Coosa County\n \n is right in the middle of the action. I would like to thank our partners for getting this done and look forward to working together in the coming years.\"\n \n \n Hexagon's Managing Director,\n \n Merrill Gray\n \n , said: \"We are really looking forward to working with the team at South Star under this Agreement on the Ceylon Graphite project, including seeing how South Star creates value f...