Business
South Star Battery Metals Retains Market - Making Services
VANCOUVER, BC / ACCESSWIRE / September 18, 2023 / South Star Battery Metals Corp. (" South S...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Battery Metals Retains Market - Making ServicesVANCOUVER, BC / ACCESSWIRE / September 18, 2023 / South Star Battery Metals Corp. (\"South Star\" or the \"Company\") (TSXV:STS)(OTCQB:STSBF), is pleased to announce that, subject to regulatory approval, it has retained the services of Venture Liquidity Providers Inc. (\"VLP\") to initiate its market-making services to provide assistance in maintaining an orderly trading market for the common shares of the Company.The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd. (\"W.D. Latimer\"), in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws, on an ongoing basis. For its services, the corporation has agreed to pay VLP five-thousand dollars (\"$5,000\") per month for a period of one (\"1\") year. The agreement with VLP may be terminated at any time by the Company or VLP. The Company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the common shares required for the market-making services are provided by W.D. Latimer. The fees paid by the Company to VLP are for market-making services only.About VLPVLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-Venture-listed issuers.About South Star Battery Metals CorpSouth Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and 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. Santa Cruz 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 is fully funded for Phase 1, and the 12-month construction and commissioning are underway. Santa Cruz will be the first new graphite production in the Americas since 1996 ...