South Star Announces Resignation of CEO

Company Leadership Changes - Richard Pearce has resigned as President, Director, and CEO of South Star Battery Metals Corp, effective immediately, but will assist during a 14-day transition period [1] - Tiago Cunha, a board member, has been appointed as interim President and CEO while a search for a permanent successor is initiated [2] - The Board expressed gratitude to Mr. Pearce for his 15 years of service and leadership [3] Company Overview - South Star Battery Metals Corp is a Canadian developer focused on battery metals, particularly through the Santa Cruz Graphite Project in Brazil, which is set to be the first new graphite production in the Americas since 1996 [3][4] - The Santa Cruz project has shown promising results with over 65% of graphite concentrate being +80 mesh and 95%-99% graphitic carbon [3] - The BamaStar Project in Alabama is also in development, featuring a pre-tax Net Present Value (NPV8%) of US$2.4 billion and an Internal Rate of Return (IRR) of 35% [4] Project Development and Economic Potential - The BamaStar Project includes a historic mine and is strategically located in a growing electric vehicle and aerospace hub [4] - A US$3.2 million grant from the US Department of Defense has been secured to advance the feasibility study for the BamaStar project [4] - The company emphasizes a commitment to high ESG standards, focusing on transparency and stakeholder engagement [5]