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South Star Battery Metals Announces Proposed Earn-in for Graphite Project in Alabama, Joins the Critical Metals Institute and Retains Market Digital
South Star Battery Metals Announces Proposed Earn-in for Graphite Project in Alabama, Joi...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"\n \n \n \n South Star Battery Metals Announces Proposed Earn-in for Graphite Project in Alabama, Joins the Critical Metals Institute and Retains Market Digital\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 Nov. 3, 2021\n \n /CNW/ - South Star Battery Metals Corp. (\"South Star\" or the \"Company\") (TSXV: STS) (OTCQB: STSBF), today announces that it has agreed to the key terms of a proposed earn-in to 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 . South Star and the vendors intend to negotiate the terms of a formal agreement which will allow South Star to earn-in up to 75% of the Project. The transaction is subject to customary conditions, including preparation, finalisation and execution of formal agreements and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the \"TSXV\").\n \n \n \n Richard Pearce\n \n , South Star's CEO, said: \"This is another important step towards creating a multi-asset, diversified battery metals company. We are potentially bringing on the next project in the pipeline in another important jurisdiction for the sector. The geology and processing flow sheets are very similar to our\n \n Brazil\n \n graphite asset, and we believe we can leverage our commercial relationships and technical experience to scale the project into near-term production. The infrastructure is excellent with access, energy, and the Mobile port facility near-by.  The Southeast corridor of the US is transforming itself into an electric vehicle hub, and the Project in\n \n Coosa County\n \n is right in the middle of the action. The Project is on private land, and we believe the permitting and licensing efforts should be fairly straight-forward. I am very excited to be working with our partners on moving this Project forward in the coming years.\"\n...