https://www.miningweekly.com
Construction|Industrial|PROJECT|Projects
Construction|Industrial|PROJECT|Projects
construction|industrial|project|projects

South Star upsizes private placement

29th January 2024

By: Creamer Media Reporter

     

Font size: - +

Battery metals project developer South Star has increased the size of its previously announced nonbrokered private placement and will now raise gross proceeds of C$7-million.

The upsized placement at C$0.72 a share is the result of “significant demand”, the company said in a statement on Friday.

The TSX-V has granted an extension to the closing time of the private placement to February 29.

South Star is focused on the selective acquisition and development of near-term production projects in the Americas. The company’s South Star’s Santa Cruz graphite project, in Brazil, is the first of a series of industrial and battery metals projects that will be put into production.

South Star is fully funded for Phase 1, and the construction and commissioning are under way. Santa Cruz will be the first new graphite production in the Americas since 1996 with Phase 1 commercial production projected for the first quarter.

Phase 2 production (25 000 t/y) is partially funded and planned for 2026, while Phase 3 (50 000 t/y) is scheduled for 2028.

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.163 0.199s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: