South Star Battery Metals Eyes Graphite Manufacturing in Brazil by Late 2023youtu.be
South Star Battery Metals (TSXV:STS,OTCQB:STSBF) is on observe to start manufacturing at its Santa Cruz graphite challenge in Brazil, and expects the mine to be operational by the tip of 2023.
“We have now a really giant land package deal, it’s totally expandable. So we expect that is actually one thing that within the subsequent two or three years could be all the best way as much as 50,000 tonnes of (graphite) focus,” mentioned Richard Pearce, president and CEO of South Star Battery Metals.
Graphite is poised to take its rightful place on the battery metals stage as the worldwide inexperienced vitality transition ramps up.
“Lithium, and possibly one or two different battery metals, have type of entrance run the others, however I believe now actually is a time the place graphite, as nicely, goes to be a vital piece of the puzzle that needs to be resolved,” mentioned Pearce.
Development at South Star’s Santa Cruz graphite challenge, situated in Southern Bahia in Brazil, started in June 2022. Brazil is the second largest graphite-producing area on the earth, with greater than 80 years of steady mining historical past.
South Star’s second graphite challenge, situated in Alabama, US, is barely about three years behind the place the Brazil challenge is at, Pearce mentioned.
“Between the 2 initiatives, we’re principally 100,000 tonnes of (focus) and in the end feeding … that manufacturing right into a value-add plant, most likely doubtless someplace in that southeast hall of the US that then can be utilized to produce lithium-ion batteries, electrical autos, battery packs for energy instruments, and so on.,” mentioned Pearce.
He added that the corporate is aiming to get a NI 43-101 useful resource estimate for the Alabama challenge by the primary quarter of 2023.
“It takes 10 to 12 years to get a mine from idea by way of paper and really into manufacturing. So being the primary new manufacturing within the Americas, I believe we’re nicely positioned to essentially make the most of that second and actually be a profit to shareholders, stakeholders and potential purchasers,” Pearce mentioned.
Watch the complete interview with Richard Pearce, CEO and president of South Star Battery Metals.
Disclaimer: This interview is sponsored by South Star Battery Metals (TSXV:STS,OTCQB:STSBF). This interview gives info which was sourced by the Investing Information Community (INN) and accepted by South Star Battery Metalswith a view to assist buyers study extra in regards to the firm. South Star Battery Metals is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.
INN doesn’t present funding recommendation and the data on this profile shouldn’t be thought-about a advice to purchase or promote any safety. INN doesn’t endorse or advocate the enterprise, merchandise, companies or securities of any firm profiled.
The knowledge contained right here is for info functions solely and isn’t to be construed as a proposal or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all info publicly accessible in regards to the firm. Prior to creating any funding choice, it is suggested that readers seek the advice of straight with South Star Battery Metals and search recommendation from a professional funding advisor.
This interview could comprise forward-looking statements together with however not restricted to feedback concerning the timing and content material of upcoming work applications, receipt of property titles, and so on. Ahead-looking statements tackle future occasions and situations and due to this fact contain inherent dangers and uncertainties. Precise outcomes could differ materially from these at the moment anticipated in such statements. The issuer depends upon litigation safety for forward-looking statements. Investing in corporations comes with uncertainties as market values can fluctuate.
