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– NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES –
South Star Battery Metals Corp. (” South Star ” or the ” Firm “) (TSXV: STS,OTC:STSBF) (OTCQB: STSBF) is happy to announce that, as a consequence of important market demand, the Firm has elevated the scale of its beforehand introduced non-brokered personal placement (the ” Providing “) of models (the ” Items “) from C$6,255,000 to as much as C$6,672,000 (US$4,800,000).
The upsized Providing will now include as much as 44,480,000 Items at a value of C$0.15 per Unit. Every Unit consists of 1 frequent share (a ” Share “) and one frequent share buy warrant (a ” Warrant “). Every Warrant entitles the holder to amass one further Share at a value of C$0.20 per Share for a interval of 5 (5) years from the relevant time limit, topic to acceleration. The expiry date of the Warrants could also be accelerated, on the choice of the Firm, if at any time after 4 (4) months following the time limit, the closing value of the Firm’s frequent shares on the TSX Enterprise Change (the ” Change “) is at or above C$0.40 for ten (10) consecutive buying and selling days, offered that the Firm provides thirty (30) days’ prior discover to the holders by information launch.
All different phrases of the Providing stay unchanged from these set out within the Firm’s information releases dated September 30, 2025, October 10, 2025 and October 31, 2025.
The web proceeds from the upsized Providing shall be used for exploration and growth actions, basic and administrative bills, and dealing capital. The Providing stays topic to the ultimate approval of the Change. All securities issued underneath the Providing shall be topic to a statutory maintain interval of 4 months and in the future from the relevant date of issuance in accordance with relevant securities legal guidelines.
Thus far, the Firm has closed two tranches of the Providing for combination gross proceeds of roughly C$3.26 million. The Firm anticipates closing a number of further tranches of the Providing within the coming weeks, the closing of which stay topic to customary circumstances, together with the receipt of all vital company and regulatory approvals, together with approval of the Change. The Firm might pay finder’s charges in reference to any further tranches of the Providing, throughout the limits permitted underneath the insurance policies of the Change, which can consist of money, finder’s warrants or Shares.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the USA. The securities haven’t been and won’t be registered underneath the USA Securities Act of 1933, as amended (the ” U.S. Securities Act “) or any state securities legal guidelines and will not be supplied or bought inside the USA or to U.S. Individuals except registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is out there.
ABOUT South Star Battery Metals CORP.
South Star is a Canadian battery-metals mission developer targeted on the selective acquisition and growth of near-term manufacturing tasks within the Americas. South Star’s Santa Cruz Graphite Challenge, positioned in Southern Bahia, Brazil is the primary of a collection of industrial- and battery-metals tasks that shall be put into manufacturing. Brazil is the second-largest graphite- producing area on the planet with greater than 80 years of steady mining. Santa Cruz has at-surface mineralization in friable supplies, and profitable large-scale pilot-plant testing (> 30 tonnes) has been accomplished. The outcomes of the testing present that roughly 65% of graphite focus is +80 mesh with good recoveries and 95%-99% graphitic carbon (Cg). With glorious infrastructure and logistics, South Star Part 1 is ramping up business manufacturing with first gross sales shipped in Might 2025. Santa Cruz is the primary new graphite manufacturing within the Americas since 1996.
South Star’s second mission within the growth pipeline is strategically positioned within the heart of a growing electric-vehicle, aerospace, and protection hub in Alabama, U.S.A. The BamaStar Challenge features a historic mine lively in the course of the First and Second World Wars. The vertically built-in manufacturing amenities embrace a mine and industrial concentrator in Coosa County, AL and a downstream value-add plant in Cellular, AL, which shall be upgrading pure flake graphite concentrates from each Santa Cruz and BamaStar mines. A NI 43-101 Preliminary Financial Evaluation demonstrates robust financial outcomes with a pre-tax Web Current Worth (“NPV8%”) of US$2.4 billion and an Inner Fee of Return (“IRR”) of 35%, in addition to an after-tax NPV8% US$1.6 billion with an IRR of 27%. South Star has additionally acquired US$3.2 million grant dedication from the US Division of Protection Title III program to advance a feasibility research on the BamaStar mission. South Star trades on the TSX Enterprise Change underneath the image STS, and on the OTCQB underneath the image STSBF.
South Star is dedicated to a company tradition, mission execution plan and secure operations that embrace the best requirements of ESG rules, based mostly on transparency, stakeholder engagement, ongoing training, and stewardship. To study extra, please go to the Firm web site at http://www.southstarbatterymetals.com .
This information launch has been reviewed and authorised for South Star by Marc Leduc, P. Eng., a “Certified Individual” underneath Nationwide Instrument 43-101 and Chairman of South Star Battery Metals Corp.
On behalf of the South Star Board of Administrators,
MR. MARC LEDUC,
CHAIRMAN OF THE BOARD OF DIRECTORS
For extra info, please contact: South Star Investor Relations
South Star Investor Relations
CAUTIONARY STATEMENT
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this press launch.
FORWARD-LOOKING INFORMATION
This press launch comprises “forward-looking statements” throughout the that means of relevant securities laws. Ahead-looking statements relate to info that’s based mostly on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that categorical predictions, expectations, beliefs, plans, projections, aims, assumptions or future occasions or efficiency aren’t statements of historic truth and could also be “forward-looking statements”.
Ahead-looking statements on this press launch embrace, however aren’t restricted to, statements relating to the completion of subsequent tranches of the Providing, the anticipated gross proceeds and use of proceeds therefrom, the timing and receipt of regulatory approvals, and the Firm’s total technique, plans, and future expectations.
Ahead-looking statements are topic to a wide range of dangers and uncertainties which might trigger precise occasions or outcomes to vary from these mirrored within the forward-looking statements, together with, with out limitation: dangers associated to failure to acquire sufficient financing on a well timed foundation and on acceptable phrases; dangers associated to the end result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers associated to the upkeep of inventory change listings; dangers associated to environmental regulation and legal responsibility; the potential for delays in exploration or growth actions or the completion of feasibility research; the uncertainty of profitability; dangers and uncertainties referring to the interpretation of drill outcomes, the geology, grade and continuity of mineral deposits; dangers associated to the inherent uncertainty of manufacturing and value estimates and the potential for surprising prices and bills; outcomes of prefeasibility and feasibility research, and the chance that future exploration, growth or mining outcomes won’t be in line with the Firm’s expectations; dangers associated to commodity value fluctuations; dangers referring to the receipt of shareholder approval for the Word Providing; and different dangers and uncertainties associated to the Firm’s prospects, properties and enterprise detailed elsewhere within the Firm’s disclosure document. Further info on these and different danger elements could be discovered within the Firm’s steady disclosure paperwork accessible underneath its profile on SEDAR+ at www.sedarplus.ca .
Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might fluctuate materially from these described in forward-looking statements. Traders are cautioned towards attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm doesn’t assume any obligation to replace or revise them to mirror new occasions or circumstances. Precise occasions or outcomes might differ materially from the Firm’s expectations or projections.
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