Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Editor's Pick

South Star Battery Metals to Bring First New Graphite Production to the Americas, CEO Says

South Star Battery Metals (TSXV:STS,OTCQB:STSBF) CEO and Director Richard Pearce is confident graphite demand will continue to rise and consequently drive domestic production in Europe and North America, effectively disrupting China’s supply dominance.

“There’s nothing out there that is going to substitute graphite at least in the next seven to 10 years,’ Pearce said. ‘The trillions of dollars that we’re sinking into this, every battery factory that’s being built right now, is based on traditional sorts of chemistries and design. So again, an exciting time for us. We’re bringing the first new graphite production to the Americas.’

While China holds 65 percent of the world’s graphite concentrate production, Asia has a 100 percent share of the midstream and downstream processing market, according to Pearce. “I think as we move through the next five to 10 years, there will be a real focus on shoring, bringing the production back to Europe, the US, Canada, Mexico … South Star is well positioned to take advantage of those trends.”

South Star Battery Metals recently announced that Phase 1 construction at its Santa Cruz graphite project in Brazil is on budget and on schedule, with commercial production planned at the end of 2023. The company also completed a 2023 drilling campaign at its BamaStar graphite project in Coosa County, Alabama.

Watch the full interview with South Star Battery Metals CEO and Director Richard Pearce above.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with South Star Battery Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

This post appeared first on investingnews.com

Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    Disclaimer: Deluxeinvestmentgroup.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 deluxeinvestmentgroup.com