02:02:18 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



South Star Battery Metals Corp (2)
Symbol STS
Shares Issued 34,477,461
Close 2023-08-21 C$ 0.55
Market Cap C$ 18,962,604
Recent Sedar Documents

South Star appoints Mortimer to board

2023-08-21 16:18 ET - News Release

Mr. Richard Pearce reports

SOUTH STAR BATTERY METALS ENHANCES BOARD AND EXECUTIVE MANAGEMENT TEAM

Roger Mortimer, an experienced capital market executive and global climate/energy transition fund manager, has joined the board of directors of South Star Battery Metals Corp. and will serve as an adviser to the company. In addition, Ty Dinwoodie, a graphite industry veteran, senior corporate adviser and specialist in lithium-ion-battery materials, has joined the executive team as a senior technical/commercial adviser.

Richard Pearce, chief executive officer of South Star, said: "We are excited to welcome Roger and Ty to our team, and I look forward to working closely with both as we scale our operations and ramp up our production in quality graphite concentrates, as well as mid-stream and downstream products. Roger brings a wealth of capital markets experience and extensive industry relationships as a global climate/energy transition fund manager and CIO for over 20 years. He will strengthen our board and play a key role in helping us increase our presence and investor awareness in the United States and globally."

Mr. Mortimer has a BA in economics and MBA degrees from the Western University. He has managed public equities globally for more than 20 years, and has considerable experience in resource sectors, including energy and mining. He has held oversight positions as a senior vice-president at both Aim Funds (now Invesco) and at CI Funds, and was a portfolio manager and partner at Capital Group companies. He has won multiple awards as a portfolio manager and brings extensive capital market experience as an investor, issuer and banker.

For more than a decade, Mr. Dinwoodie has specialized in lithium-ion-battery-ready graphite materials with specific expertise in active battery-ready anode products and the associated downstream transformational technologies and processes. He has served as an executive officer and senior strategic adviser for several private and public technology, advanced materials, and mining and exploration companies in North America, Europe and Australia, including governments, U.S. Department of Defence contractors, universities, institutional investors and leading multinational corporations. While Mr. Dinwoodie's work encompasses the global lithium-ion-battery supply chains, he is most passionate about battery-grade graphite with a particular focus on North American security of supply and downstream transformational commercial capacity. Mr. Dinwoodie studied economics at McMaster University and physics at Laurentian University.

Mr. Pearce continued: "We are very lucky to have Ty join our team. Ty will help us design and implement our battery material testing programs and flow sheet development so that we can quickly advance South Star's strategic plan of vertically integrated graphite operations by 2027."

About South Star Battery Metals Corp

South Star is a Canadian battery metal 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 metal 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 (greater than 30 tonnes) has been completed. The results of the testing show that approximately 65 per cent of graphitic carbon concentrate is positive 80 mesh with good recoveries and 95 per cent to 99 per cent Cg. With excellent infrastructure and logistics, South Star is fully financed for phase 1, and the 12-month construction and commissioning are under way. Santa Cruz will be the first new graphite production in the Americas since 1996 with phase 1 commercial production projected in fourth quarter 2023. Phase 2 production (25,000 tonnes per year) is partially financed and planned for 2026, while phase 3 (50,000 tpy) is scheduled for 2028.

South Star's second project in the development pipeline is strategically located in Alabama in the centre of a developing electric vehicle, aerospace and defence hub in the southeastern United States. The BamaStar project is a historic mine active during the First and Second World Wars. A National Instrument 43-101 technical report with the maiden resource estimate has been filed on SEDAR+. Trenching, phase 1 drilling, sampling, analysis and preliminary metallurgical testing have been completed. The testing indicates a traditional crush/grind/flotation concentration circuit that achieved grades of approximately 94 to 97 per cent Cg with approximately 86-per-cent recoveries. South Star is executing on its plan to create a multiasset, diversified battery metal company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of environmental, social and governance principles based on transparency, stakeholder engagement, continuing education and stewardship.

This news release has been reviewed and approved by Richard Pearce, PE, a qualified person under National Instrument 43-101, and president and chief executive officer of South Star.

We seek Safe Harbor.

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