South Star Battery Metals Corp. has closed the first tranche of its non-brokered private placement, issuing 5,521,512 units at C$0.15 per unit for gross proceeds of C$828,227. Each unit includes one common share and one common share purchase warrant. The Company plans to use the net proceeds for exploration, development, and working capital. Additional tranches of the offering are expected to close in the coming weeks. Insiders, including Mr. Tiago Cunha, purchased 2,007,912 units in the first tranche. The Company will not proceed with further tranches from a prior offering announced in June 2025.
South Star Battery Metals Corp. focuses on acquiring and developing battery-metals projects in the Americas. Their Santa Cruz Graphite Project in Brazil and BamaStar Project in Alabama show promising results. The company is committed to ESG principles and safety in their operations. Marc Leduc, Chairman of the Board of Directors, oversees the company’s projects. For more information, visit their website.
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