South Star Announces Upsize of Non-Brokered Private Placement

Core Viewpoint - South Star Battery Metals Corp. has increased the size of its non-brokered private placement from C$6,255,000 to C$6,672,000 due to significant market demand [1][2]. Offering Details - The upsized Offering will consist of up to 44,480,000 Units priced at C$0.15 per Unit, with each Unit comprising one common share and one common share purchase warrant [2]. - Each Warrant allows the holder to acquire an additional Share at C$0.20 for five years, with potential acceleration of the expiry date if the share price meets certain conditions [2]. Use of Proceeds - Net proceeds from the Offering will be allocated for exploration and development activities, general and administrative expenses, and working capital [4]. Current Status - The Company has closed two tranches of the Offering, raising approximately C$3.26 million, and anticipates closing additional tranches in the coming weeks [5]. Company Overview - South Star is focused on developing battery-metals projects in the Americas, with its Santa Cruz Graphite Project in Brazil being the first to enter production [7]. - The Santa Cruz project has shown promising results with 65% of graphite concentrate being +80 mesh and 95%-99% graphitic carbon [7]. - The BamaStar Project in Alabama is also in development, with a Preliminary Economic Assessment indicating a pre-tax NPV of US$2.4 billion and an IRR of 35% [8].