South Star Mining Announces Name Change to South Star Battery Metals Corp. to Highlight Evolution in Growth Strategy
NEWS RELEASE
South Star Mining Announces Name Change
to South Star Battery Metals Corp. to Highlight Evolution in Growth Strategy
Vancouver, British Columbia, May 26, 2021 – South Star Mining Corp. (“South Star” or the “Company”)
(TSX-V: STS) (OTCQB: STSBF) is pleased to announce that it is changing its corporate name to South Star
Battery Metals Corp. Effective at the opening of trading on Wed nesday, May 26, 2021, the common
shares of the Company will commence trading on the TSX Venture and OTC Exchanges under the new
name. The stock symbols remain the same.
Shareholders holding South Star share certificates can request a replacement certificate with the new
Company name, but new certificates are not required and will not be automatically issued. There is no
change in the capitalization structure of the Company in connection with the change of the name.
The name change highlights the evolution of the target markets and growth strategies for the Company
over the mid- to long-term. Richard Pearce, President and CEO of South Star , commented: “We are
pleased to announce the name change, which we believe is more a ligned with our vision of where we
create the most value for clients, shareholders and stakeholder s, as well as the Company’s strategic
growth initiatives for the coming years. Over the past few weeks, we released fantastic news regarding
offtake agreements and excellent testing results for expandable and purified graphite products. The
news highlights the high-quality, high-purity and low-contamina te nature of South Star’s concentrates
and purified graphite, as well as strong market demand for sourcing product. The superior testing results
open a world of commercial opportunities for premium value-add products with strong margins.
We are in the process of transitioning from a development compa ny to a producing mine with
commercial operations planned for September 2022. Brazil is alr eady a critical battery metals
jurisdiction providing high-quality products and important supp ly-chain diversification. South Star will
be a key player and part of the long-term solution with secure, high-quality industrial minerals and
battery metals for the clean energy revolution. We are quickly building South Star into the first new
graphite operation in continuous commercial production in the Americas in more than a decade.”
About South Star Battery Metals Corp.
South Star Battery Metals Corp. is focused on the selective acq uisition and development of near-term
production projects in Brazil. South Star is driven to create fundamental value in the industrial minerals
and battery metals sectors for clients and investors with real projects that have strong intrinsic financial
and operating metrics, and that can be profitable throughout th e resource cycles. South Star has an
experienced executive team with a strong history of discovering , developing, building and operating
profitable mines in Brazil.
The Santa Cruz Graphite Project, located in Southern Bahia, 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 minin g . T h e P r o j e c t h a s a t - s u r f a c e
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
g ood rec overie s a nd 9 5 - 9 9 % C g . W ith ex c ellent inf ra struc tur e and logistics, South Star is carrying its
development plan towards Phase 1 production projected in Q4 2022, pending financing.
The Santa Cruz project is being developed in a phased approach. Phase 1 operations for the 5,000 tpy
pilot plant operations are fully licensed, and the Company is p reparing to start construction in
September 2021 with commercial production targeted for Q4 2022. Phase 2 operations will represent
a larger-scale concentration plant currently planned to produce between 25,000 to 30,000 tpy of
concentrate. The sizing of the Phase 2 plant could be increased depending on the successes of the Phase
1 operations, ongoing development of commercial relationships, and market conditions.
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 Comp any website at
http://www.southstarbatterymetals.com.
On behalf of the Board,
Mr. Richard Pearce
Chief Executive Officer
For additional information, please contact:
CHF Capital Markets
Iryna Zheliasko, Manager
Phone: 416-868-1079 x229
Email: [email protected]
Mr. Dave McMillan
Chairman
Email: [email protected]
Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
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.
This news release and the Updated Technical Report contain refe rences to inferred resources. The Report is preliminary in
nature and includes inferred mine ral resources that are conside red too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as mineral reserves.
FORWARD-LOOKING INFORMATION
The information contained herein contains "forward-looking stat ements" within the meaning of applicable securities
legislation. Forward-looking statements relate to information t hat 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 are subject to a variety of risks an d 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; r isks 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 regulat ion and liability; the potentia l 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 c ost
estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the
possibility that future exploration, development or mining resu lts 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 rec ord. 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 att ributing 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. A c t u a l e v e n t s o r r e s u l t s c o u l d d i f f e r m a t e r i a l l y f r o m t h e
Company's expectations or projections.