Exciting News from South Star Battery Metals: Acquisition of BamaStar Graphite Project in Alabama
South Star Battery Metals is thrilled to announce the successful exercise of the earn-in and acquisition of 100% ownership of the BamaStar Graphite Project located in Coosa County, Alabama. This milestone marks a significant step towards our strategic objectives of building a diverse portfolio of vertically integrated, scalable graphite assets in Tier 1, stable jurisdictions and implementing a comprehensive go-to-market commercial strategy.
We are gearing up to kick-off a pivotal feasibility study, which will build on our recently released NI43-101 PEA, in collaboration with the U.S. DoD Title III Program. Looking ahead to 2025, South Star is poised for transformation, as we shift our focus from a project developer to a producing miner and integrated, industrial graphite processor in the Americas.
Our focus is on leveraging our first-mover advantage in onshore and near-shore, responsibly sourced graphite production, as well as continued strategic advancement into midstream and downstream product offerings to meet evolving market opportunities.
Santa Cruz Mine, in Bahia Brazil, serves as our cornerstone asset as we ramp-up and scale high-quality, natural flake graphite production at a time when jurisdictions and companies are looking to derisk, diversify and strengthen supply chains. At a time of increased geopolitical and policy risk, South Star is committed to becoming a trusted and innovative supplier of global graphite solutions, ensuring stability and continuity for growth in the present and the future.
We extend our gratitude to our partners at BamaStar for their support over the past three years, and we wish them luck in their future endeavors.
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