South Star Battery Metals Announces Option Grants and RSU Grants
NEWS RELEASE
South Star Battery Metals Announces Option Grants and RSU Grants
Vancouver, Canada, December 22, 2023 – South Star Battery Metals Corp. (“South Star ” or the
“Company”) (TSXV: STS) (OTCQB: STSBF) announces that it has granted stock options pursuant to its 2022
10% rolling stock option plan to a director and a consultant of the Company to purchase up to an aggregate
of 208,000 common shares of the Company. The stock options are exercisable at $ 0.74 per share and
expire 5 years from the date of grant (the “Options”).
The Company further announces that it has granted an aggregate of 334,053 restricted share units (the
"RSUs") to a director and an officer pursuant to the Company's 2022 10% fixed restricted share unit plan
at a deemed value of CAD$0.74. 100% of the RSUs will vest on January 5, 2025.
The grant of the Options and RSU’s are subject to TSX Venture Exchange acceptance.
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, Brazi l 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 l ogistics, 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 with Phase 1 commercial production projected in January 2024. Phase 2 production
(25,000 tpa) is partially funded and planned for 2026, while Phase 3 (50,000 tpa) is scheduled for 2028.
South Star’s second project in the development pipeline is strategically located in Alabama in the center
of a developing electric vehicle, aerospace, and defen se hub in the southeastern United States . The
BamaStar Project is a historic mine active during World Wars I & II . A NI43-101 technical report with the
maiden resource estimate has been filed on SEDAR. Trenching, phase 1 drilling, sampling, analysis, and
preliminary metallurgic al testing ha ve been completed. The testing indicate s a traditional
crush/grind/flotation concentration circuit that achieved grades of approximately 9 4-97% Cg 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
Email: [email protected]
+1 (604) 706-0212
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.