South Star Battery Metals (TSX.V: STS)
We are initiating coverage of STS as they prepare to bring online their graphite pilot plant in Bahia State in northern Brazil.
This is phase 1 of a three stage plan to raise production of graphite in Brazil from 5,000 tpa to 50,000 tpa. STS also have a former producing mine project in Alabama,USA
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South Star Santa Cruz mine overhead view
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| South Star Battery Metals | TSX.V: STS |
| Stage | Production, development |
| Metals | Graphite |
| Market cap | C$31m @ 73c |
| Location | Brazil, USA |
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Comment
This looks like an interesting company, and has a lot I like, such as financed to production due to start this month, in a tier 1 jurusdiction, with a product, graphite, that is high in demand as a source of supply outside China.
Management are hugley experienced, and hold 11% of the company, with Sprott involved in a stream lending facility adding another warm feeling.
This is rounded off with a tight share structure, and low market cap.
I am adding to our tier 2 watchlist as small scale production is imminent.
Initiating Coverage of South Star Battery Metals
South Star Battery Metals (TSX.V: STS) We are initiating coverage of STS as they prepare to bring online their graphite pilot plant in Bahia State in northern Brazil.
This is phase 1 of a three stage plan to raise production of graphite in Brazil from 5,000 tpa to 50,000 tpa over a 4 year period.
STS are fully funded to phase 1 production.
STS also have a former producing mine project in Alabama,USA
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Company Highlights
Safe sourced graphite production in the Americas with
commercial production scheduled at Santa Cruz Phase 1 for
Q4/2023, Phase 2 planned in 2026, and Phase 3 planned in 2028
• Fully integrated vertical production planned at BamaStar
including battery anode material in southeast corridor of U.S.
scheduled for 2027
• Management team with proven track-record of taking projects
from concept, through development, into production & operations
in the Americas
• Diversified, scalable, global portfolio of graphite mines in stable,
Tier 1 jurisdictions to minimize production risks
• Santa Cruz in Bahia, Brazil
• BamaStar Graphite in Alabama, US
• Phased, modular design & construction to facilitate assemblies,
guarantee quality and shorten schedules
• Strong Financial Partners
• Partnered with Sprott Resources Streaming & Royalty Corp
on Santa Cruz with up to US$28M in stream financing.
Phase 1 fully financed and Phase 2 partially financed
• Awarded DoD DPA Title III US$3.2M grant for BamaStar FS
• Fully funded to production for 13,000 tpa at Santa Cruz
Phase 1 plant
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South Star Battery Metals presentation can be found HERE
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
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Disclosure
At the time of writing the author holds no shares in South Star Battery Minerals.
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