South Star Battery Metals Announces Repricing Warrant of Non-Brokered Private Placement
South Star Battery Metals Announces Repricing Warrant of Non-Brokered
Private Placement
VANCOUVER, British Columbia, July 03, 2025 -- South Star Battery Metals Corp. (“South Star” or the “Company”) (TSXV:
STS) (OTCQB: STSBF), is pleased to announce that it intends to reprice the warrant of the previously announced non-
brokered private placement (the “Private Placement”) at a unit price of US$0.22 (C$0.3019) per Unit for gross proceeds of up to
US$2,000,000 (C$2,744,600). Each Unit will consist of one (1) common share (a “Common Share”) and one (1) common share
purchase warrant (a “Warrant”), with each Warrant entitling the holder to acquire one Common Share at an exercise price of
US$0.22 (C$0.3019) for a period of five (5) years following the date of issuance.
Closing of the Private Placement is subject to customary closing conditions, including, but not limited to, the receipt of all
necessary approvals, including the approval of the TSX Venture Exchange (the “TSXV”). Proceeds from the Private Placement
will be used for exploration, development, corporate G&A and general working capital requirements.
The Company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the
TSXV. The securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Company may,
in its sole discretion, exercise an over-allotment option pursuant to which it may increase the size of the Private Placement by
up to 15%.
Insiders may participate in the Private Placement including subscriptions from related parties of the Company as defined in
Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The participation
of insiders in the Private Placement is expected to be exempt from formal valuation and minority shareholder approval
requirements pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the
transaction, insofar as it involves interested parties, will not exceed 25% of the Company's market capitalization.
The Warrants will include an acceleration clause which provides that, if, during any period of ten (10) consecutive trading days
between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants, the
daily volume weighted average trading price of the Common Shares on the TSXV (or such other stock exchange where the
majority of the trading volume occurs) is equal to or exceeds C$1.25, the Company may, within thirty (30) days of such an
occurrence, give notice, via news release, to the holders of the Warrants that all unexercised Warrants will expire at 4:00 p.m.
(Vancouver time) on the 30th day following the giving of such notice.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended
(the “U.S. Securities Act ”) or any state securities laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
ABOUT SOUTH STAR BATTERY METALS CORP.
South Star 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 (> 30 tonnes) has been completed. The results of the testing show
that approximately 65% of graphite concentrate is +80 mesh with good recoveries and 95%-99% graphitic carbon (Cg). With
excellent infrastructure and logistics, South Star Phase 1 is ramping up commercial production with first sales shipped in May
2025. Santa Cruz is the first new graphite production in the Americas since 1996.
South Star’s second project in the development pipeline is strategically located in Alabama, U.S.A. in the center of a
developing electric-vehicle, aerospace, and defense hub in the southeastern United States. The BamaStar Project includes a
historic mine active during the First and Second World Wars. The vertically integrated production facilities include a mine and
industrial concentrator in Coosa County, AL and a downstream value-add plant in Mobile, AL, which will be upgrading natural
flake graphite concentrates from both Santa Cruz and BamaStar mines. A NI 43-101 Preliminary Economic Assessment
demonstrates strong economic results with a pre-tax Net Present Value ("NPV8%") of US$2.4B and an Internal Rate of Return
("IRR") of 35%, as well as an after-tax NPV8% US$1.6B with an IRR of 27%. South Star has also received US$3.2 million
grant commitment from the US Department of Defense Title III program to advance a feasibility study on the Bamastar project.
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 for South Star 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 South Star Board of Directors,
MR. RICHARD L. PEARCE,
President & Chief Executive Officer
For additional information, please contact:
South Star Investor Relations
Email:
Phone:
Website:
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Facebook:
LinkedIn:
YouTube:
+1 (604) 706-0212
www.southstarbatterymetals.com
https://twitter.com/southstarbm
https://www.facebook.com/southstarbatterymetals
https://www.linkedin.com/company/southstarbatterymetals/
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 the
Private Placement, including the closing date, the use of proceeds and potential acceleration of Warrants and Finder’s
Warrants, production at Santa Cruz, 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.