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South Star Battery Metals Announces Memorandum of Understanding with the University of Alabama - Alabama Mobility and Power Center to Develop Graphite Anode Materials
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About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Battery Metals Announces Memorandum of Understanding with the University of Alabama - Alabama Mobility and Power Center to Develop Graphite Anode MaterialsTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / March 4, 2025 / South Star Battery Metals Corp. (\"South Star\" or the \"Company\") (TSXV:STS)(OTCQB:STSBF), is pleased to announce that it has completed a Memorandum of Understanding (\"MOU\") with the University of Alabama at Tuscaloosa (\"UA\") on behalf of its Alabama Mobility and Power Center (\"AMP\") to develop a binding Definitive Partnership Agreement (\"Agreement\") to support a battery anode materials program in the United States consisting of the following phases:R&D DevelopmentPilot DemonstrationCommercial DemonstrationCommercial-Scale ManufacturingSouth Star would be the primary supplier of natural-flake graphite concentrate (\"NFGC\") in furtherance of the Agreements objectives, and AMP's internal/house reference natural-flake anode graphite (\"AG\") material. The MOU establishes the conceptual framework for the Agreement and allows for a 45-day schedule to negotiate the definitive, binding agreement.Richard Pearce, CEO of South Star commented, \"We are excited to announce this important strategic initiative with our UA / AMP partners to advance a concrete, integrated solution to developing high-quality battery anode testing, development and manufacturing expertise in the United States with world-class expertise and facilities. UA / AMP and the State of Alabama are creating a unique critical materials ecosystem to support the rapid advancement of a resilient, more diversified technology and battery supply chain. South Star is honored to play a role with our partners in developing truly unique critical materials and technology platforms essential for growth and stability in the coming decades. South Star is committed to a partnering approach to developing these facilities with a proven, technically robust framework, a quick-to-market strategy, and a commercially robust business plan.\"Mr. Pearce continued, \"Santa Cruz, the first new graphite production in the Americas since 1996, is ramping up commercial production in Brazil and is a fully licensed, scalable, world-class asset in a proven flake graphite-produ...