South Star Battery Metals Corp. has signed a non-binding indicative term sheet with Sprott Streaming for a US$4,000,000 loan facility to support the Santa Cruz Graphite Mine in Brazil. The loan has a 3-year maturity period and will be used for equipment upgrades and process optimization. The CFO role has been filled by Mr. Darren Prins, bringing over 20 years of experience to the team. The loan facility is subject to TSX Venture Exchange approval. South Star is focused on developing battery-metals projects in the Americas, with the Santa Cruz Graphite Project in Brazil being the first to ramp up production.

Read more at GlobeNewswire: South Star Announces Indicative Term Sheet for US$4M Debt