US EditionPublished • loading... • Updated
South Star Provides Updates on Changes to Management and Board and Provides Operational Update - South Star Battery Metals (OTC:STSBF)
South Star targets 5,000 tonnes per year production in 2026 with 40% operating cost savings identified and leadership changes to improve operational performance at Santa Cruz graphite project.
- On September 11, 2025, South Star Battery Metals Corp. announced management changes including Tiago Cunha as Interim CEO and reported a working capital deficit at Santa Cruz Graphite Project.
- Following a detailed review of capital expenditures, the Company identified potential operating cost savings of approximately 40%, including permanent and temporary measures expected during the next six months of ramp-up.
- Since May 7, 2025, the first shipment produced 20 tonnes over eight months and the second 20 tonnes in one and a half months with testing metrics showing 65% +80 mesh and 95%-99% graphitic carbon.
- The company anticipates that proceeds from the private placements and the C$2.085 million subscription will support achieving the 5,000 tonnes capacity in 2026.
- Management plans to update and expand operations, targeting 10,000 tonnes per year at Santa Cruz with a NI 43-101 Preliminary Economic Assessment showing a pre-tax NPV8% of $2.4 billion and after-tax NPV8% of $1.6 billion.
Insights by Ground AI
13 Articles
13 Articles
South Star Provides Updates on Changes to Management and Board and Provides Operational Update - South Star Battery Metals (OTC:STSBF)
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES - VANCOUVER, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS) (OTCQB:STSBF), is pleased to provide an update to the recent changes in management and to the Board of Directors at the Company. Appointment of Tiago Cunha as Interim CEO, President and Director Further to the news release on Septem…
·New York, United States
Read Full Article
Coverage Details
Total News Sources13
Leaning Left7Leaning Right3Center2Last UpdatedBias Distribution58% Left
Bias Distribution
- 58% of the sources lean Left
58% Left
L 58%
C 17%
R 25%
Factuality
To view factuality data please Upgrade to Premium
