South Star Battery Metals Announces Approval of Phase 1 Construction Permit for Santa Cruz Mine in Brazil, Meetings with State of Bahia Development & Industrial Agencies and the Port Facilities in Salvador Officials
South Star Battery Metals Announces Approval of Phase 1 Construction Permit
for Santa Cruz Mine in Brazil, Meetings with State of Bahia Development &
Industrial Agencies and the Port Facilities in Salvador Officials
VANCOUVER, British Columbia, Sept. 19, 2022 -- South Star Battery Metals Corp. (“South Star” or the “Company”) (TSXV:
STS) (OTCQB: STSBF), is pleased to announce that it has received the construction permit for its Santa Cruz Mine in Brazil
from the municipality of Itabela on September 15, 2022. In addition, South Star held meetings with the State of Bahia
development agency, the Bahia industrial confederation as well as representatives from the port facilities in Salvador, Bahia.
Richard Pearce, CEO of South Star, said, “The municipal construction permit was the final approval we needed for Phase 1
construction to begin in earnest, and are pleased to have achieved this important milestone. Once again, we would like to
thank the mayor of Itabela and his/her team for their continued support of South Star. We look forward to working closely with
them through construction and the start of commercial production in Q4 of 2023.”
Mr. Pearce continued, “We also had positive meetings with the State of Bahia development and industrial agencies, as well
representatives from the major port facilities in Salvador. We presented additional details about Santa Cruz and our planned
growth through Phase 2 (25,000 tpy of concentrates) and Phase 3 (50,000 tpy of concentrates). Santa Cruz will be the first
major industrial facility in the municipality and one of the largest in the region as we scale operations. The State of Bahia has
a long history of successful mineral resource development and operations, and we are privileged to be operating in a state with
strong ties to the sector. The port facilities in Salvador are world class and are one of several excellent alternatives to export
our product to the world. Santa Cruz has unparalleled existing infrastructure to support our planned expansions. The existing
infrastructure and facilities are significant factors contributing to our low capital intensity as well as our projected first quartile
operating costs. We look forward to being the first new graphite production in the Americas in decades. We greatly appreciate
all the representatives and our team’s participation in these productive meetings and supporting South Star.”
ABOUT SOUTH STAR BATTERY METALS CORP
South 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 carrying its development plan towards Phase 1 production projected in Q4 2023 (Q4
is stated in second paragraph).
South Star’s next project in the development pipeline is in Alabama situated in the center of a developing electric vehicle,
aerospace and defense hub in the southeastern United States. The Project, a historic mine active during World Wars I & II,
has initiated its maiden drilling campaign with results expected in Q1 2023. Trenching, sampling, analysis and preliminary
metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved
grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-
asset, diversified battery metals 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 ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more,
please visit the Company website at http://www.southstarbatterymetals.com .
This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument
43-101 and President and CEO of South Star Battery Metals Corp.
On behalf of the Board,
Mr. Richard Pearce
Chief Executive Officer
For additional information, please contact:
South Star Investor Relations (Canada IR)
Email: [email protected]
+1 (604) 706-0212 x3002
RBMG – RB Milestone Group LLC (IR US)
Trevor Brucato, Managing Director
Email: [email protected]
Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this press release.
FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-
looking statements relate to information that is based on assumptions of management, forecasts of future results, and
estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward
-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding:
moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company’s
plans and expectations.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to
differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and
regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks
related to environmental regulation and liability; the potential for delays in exploration or development activities or the
completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill
results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost
estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the
possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks
related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and
business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in
forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These
forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or
revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's
expectations or projections.