South Star Battery Metals Corp. reprices warrants for private placement, aiming for gross proceeds.

South Star Battery Metals Corp. plans to reprice warrants for a non-brokered private placement at US$0.22 per unit, aiming for gross proceeds of up to US$2 million. The company may pay finders’ fees and insiders can participate in the offering. The warrants include an acceleration clause, allowing for early expiration if certain conditions are met. Proceeds will be used for exploration, development, and general working capital. Additionally, South Star focuses on battery-metals projects in the Americas, with successful graphite production in Brazil and plans for a project in Alabama.

The company has also received a grant commitment from the US Department of Defense for a feasibility study on the Alabama project. South Star emphasizes ESG principles and aims for safe operations. The stock trades on the TSX Venture Exchange and OTCQB. Insiders’ participation in the private placement is expected to be exempt from formal valuation and approval requirements.

South Star Battery Metals Corp., led by President & CEO Richard L. Pearce, is a Canadian project developer with a focus on battery metals in the Americas. The company’s Santa Cruz Graphite Project in Brazil has shown promising results, with plans for commercial production already underway. The company aims to maintain high ESG standards and transparency in its operations.

Read more at GlobeNewswire: South Star Battery Metals Announces Repricing Warrant of