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South Star Battery Metals Corp. is pleased to announce that all parties have agreed to extend the Exclusivity, Due Diligence and Definitive Agreement period to December 10 th 2021. Negotiations are proceeding well, and all parties look forward to making additional announcements in the near term, as appropriate. As previously announced the Company has entered into binding Earn-in and Option Agreement for the Ceylon ...

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that all parties have agreed to extend the Exclusivity, Due Diligence and Definitive Agreement period to December 10 th 2021. Negotiations are proceeding well, and all parties look forward to making additional announcements in the near term, as appropriate. As previously announced (see November 3, 2021 press release) the Company has entered into binding Earn-in and Option Agreement (Agreement) for the Ceylon Graphite Project ("Project") in Alabama with Hexagon Energy Materials Limited ("Hexagon") (ASX: HXG) and U.S. Critical Minerals LLC ("USCM"), a privately held exploration company incorporated in the United States . Under the terms of the Agreement, South Star will have the right to earn-in to up to 75% of the Project.  The transaction is subject to the final approval of the TSX Venture Exchange (the " T SXV").

ABOUT South Star Battery Metals CORP

South Star Battery Metals Corp. is Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com .

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

For additional information, please contact:

CHF Capital Markets (IR Canada)
Cathy Hume , CEO
Phone: +1 416-868-1079 x251
Email: Cathy@chfir.com

RBMG – RB Milestone Group LLC (IR US)
Trevor Brucato , Managing Director
Email: southstar@rbmilestone.com

Mr. Dave McMillan
Chairman
Email: davemc@telus.net

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube

CAUTIONARY STATEMENT

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

FORWARD-LOOKING INFORMATION

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

View original content to download multimedia: https://www.prnewswire.com/news-releases/south-star-battery-metals-announces-extension-of-the-earn-in-and-option-agreement-for-graphite-project-in-coosa-county-alabama-301436346.html

SOURCE South Star Battery Metals Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2021/02/c2293.html

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South Star Battery Metals

South Star Battery Metals

Overview

The green energy industry is booming. Unprecedented positive trends seen year after year present junior mining companies with exceptional growth potential as vital minerals like graphite and lithium needed to power alternative energies surge in demand.

Market research estimates that worldwide graphite output needs to increase by nearly 500 percent by 2050 in order to meet growing demand for energy storage. If you are an investor looking for exposure in this market, there is not better time to invest

South Star Mining (TSXV:STS, OTCQB:STSBF) is set to contribute to filling this global graphite demand. It currently operates its flagship Santa Cruz graphite project in the mining-friendly jurisdiction of Brazil. The project is nearing construction and  is slated for the first production in 2022.

“This is a production story, it’s not something that’s going to take years to come to life. We have 12 months of construction and commissioning already scheduled,” stated South Star CEO Richard Pearce.

The company operates in what is arguably the best region worldwide to be developing a new graphite project. Brazil currently produces upwards of 90,000 tonnes of graphite on an annual basis and has a significant internal demand for the product, which advantageously positions South Star as a first mover in the South American graphite production space. More than that, once in production, South Star will become the first new graphite producer in the Americas in a decade.

The flagship Santa Cruz graphite project sits in the second largest flake graphite producing district in the world. This robust project hosts the perfect storm of large flake ore mineralization and production quality concentrates of over 95 percent purity.

South Star has been quick to advance its flagship asset for production readiness. In October 2020 the Phase 1 environmental permit was approved and in December 2020, South Star released exciting news that it received the mining permit for its 5,000 tonnes per year (tpy) Phase 1 pilot plant. Permitting and licensing for Phase 2 operations are already underway and documents will be submitted in December 2021.  This should advance the Phase 2 schedule by approximately 12 months.

Plans for 2021 include working through the plant’s detailed design and engineering process in the first half of the year and commencing construction in the second. Leveraging the rapidly growing graphite demand and positive market outlook, South Star aims to become a significant producer in the battery metals space.

The company projects it will be ready for commercial production in late 2022. Since its conception, South Star has been quick to begin constructing and commissioning the necessary infrastructure and parameters for production. The company intends to start small and scale up operations in a well-engineered multi-phase plan to control risks.

South Star Mining’s management team includes experienced mining heavyweights, mine builders and operators. The unparalleled local expertise, proven track records of success and vested interest in company success prime South Star for exceptional growth and project achievements.

South Star Mining’s Company Highlights

  • South Star Mining Corp. is an emerging mining production company focused on acquiring and developing near-term production projects in Brazil.
  • The company’s flagship Santa Cruz graphite project leverages mining-friendly conditions and strategic positioning in the second largest flake graphite producing district in the world.
  • Santa Cruz is an open-pit deposit with 15 drill-ready targets across a 13,000-hectare property. The entire land package hosts widespread mineralization, according to the Brazilian Mining Authority.
  • South Star’s current market capitalization stands at only 2.5 per cent of its project NPV (pre-financing).
  • The company operates a two-phased approach for project development to minimize risk and intelligently allocate capital for shareholder value. This low CAPEX approach includes a pilot plant and large plant phase following bench scale and plant testing programs.
  • South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, on-going education and stewardship.

South Star Mining’s Key Project

Santa Cruz Graphite Project

The Santa Cruz graphite project consists of 13 approved exploration licenses covering approximately 13,000 hectares in the Bahia State of Brazil, the second largest flake graphite producing district in the world.

Extensive development has been completed to date on the property, including over 7,000 metres of drilling and a successful pilot plant test on over 30 tonnes of mineralized material. In 2017, the South Star completed a PEA technical report for the project that indicated resources of 14,990,400 tonnes at 2.70 per cent graphite and inferred resources of 3,572,100 tonnes at 2.90 per cent graphite. An NI 43-101 PFS and updated resource estimate have also been completed.

Phase 1 operations included a 5,000tpy fully licensed pilot plant. Phase 2 operations represent a larger scale concentration plant with 25,000tpy planned production scalability and environmental work program scheduled for April 2021.

The property hosts sizable geologic upside, with 95 per cent of the project unexplored. After financing, South Star intends on developing the project’s 10-15 drill targets and marketability of Santa Cruz’s high purity flake production.

South Star Mining’s Management Team

Richard Pearce — CEO & Director

Richard Pearce is an entrepreneur and founding partner with over 20 years of experience in planning and managing complex operations throughout the Americas. He has been based in Brazil since 2008 and worked throughout the country. He has a wide range of consulting and advisory experience including technical services, project & asset development, corporate advisory services, business administration & incorporation services, deal origination, M&A advisory, construction, and operations. He is based out of São Paulo, Brazil and is a native speaker of English as well as fluent in Portuguese and Spanish. Country experience includes Canada, United States and most countries throughout Latin America. He is passionate about standing up companies and helping them grow and explore the Brazilian markets.  He is also a Qualified Person (QP) as defined by NI43-101.

Dave McMillan — Chairman

With over 50 years in the resource industries, Dave McMillan’s career has spanned manufacturing, marketing, sales and financing. He has spent 17 years as an investment advisor VP, Senior VP, director, and member of the Executive Committee for Yorkton Securities and Yorkton Holdings Inc. McMillan holds board positions on several private and publicly traded oil & gas and mining companies.

Bennett Liu – CFO

Bennett Liu joins South Star from Red Fern Consulting Ltd., a full-service accounting group that provides financial and support services for public companies including accounting, regulatory compliance, audit management and financial reporting. Mr. Liu has served as Chief Financial Officer for multiple publicly traded companies (TSX Venture Exchange and CSE-listed) with a focus on the resource sector. He received his Bachelor of Technology, Accounting from the British Columbia Institute of Technology.

Eric Allison — Director

Eric Allison has over 36 years of experience in the natural resource industry, working in technical, business, project development and management roles. He formerly served as CEO and COO of Brazahav Resources, a private entity developing a brownfield gold mine project in Brazil. Prior, he was the director of research and chief geologist at Casimir Capital LP, specializing in junior mining companies and the director of business development at Sempra Commodities. Over his career, Allison has also served in various roles for Cyprus Amax Minerals, Amax Energy, SPG Exploration and Texaco. He has served on the boards of several private and public companies.

Felipe Holzhacker Alves — Director

Felipe Holzhacker Alvez is a professional mining engineer with a Master’s degree in Political Economics of Resources from the Colorado School of Mines. He is a Brazilian native who combines international capital markets experience with an extensive local network of governmental and regulatory agencies, resource financiers and technical, legal and tax consulting services. Alvez is the founder and CEO of Frontera Minerals Group, a Brazil-focused exploration and project development company. He previously held various roles at Rand Merchant Bank, where he was mainly responsible for Latin American Investments. His technical experience includes roles at open pit and underground mines. He is currently a board member of Trek Mining and the President of CBRR (Brazilian Commission for Resources and Reserves), Brazil´s equivalent to NI43-101/CIM in Canada.

Marc Leduc, Independent Director

Marc Leduc is a mining engineer and geologist with over 30 years of experience involving all aspects of the development, operations, planning and evaluation of mining projects including over 20 years in Latin America. Marc served as the President and CEO of Luna Gold, operator of the Aurizona mine in Brazil, from 2015 to 2016.  He holds a B.Sc. (Honors) in Mining Engineering from Queen’s University and a B.Sc. in Geology from the University of Ottawa.

Daniel Wilton, Independent Director

Daniel Wilton has 25 years of experience in M&A, corporate finance and principal investing in the mining sector. Dan was most recently a Partner at Pacific Road Capital Management, a mining-focused private equity investment firm with approximately $800 million under management. At Pacific Road, Dan reviewed a number of projects in Brazil, led the investment in Luna Gold (now Equinox Gold Corp.) and financed the development of the Aurizona gold project through critical pre-feasibility and permitting activities. Prior to joining Pacific Road, Dan’s previous roles included Managing Director and Head of the Global Mining and Metals Group at National Bank Financial Inc..and other corporate finance and M&A roles at global institutions based in London, Toronto and New York.

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Nouveau Monde Announces Filing of a Prospectus Supplement for At-The-Market Offering

Nouveau Monde Graphite Inc. (" Nouveau Monde " or the " Company ") ( TSXV: NOU ; NYSE: NMG ; Frankfurt: NM9A ) is pleased to announce that it has filed a prospectus supplement establishing a new at-the-market equity offering (the " ATM Offering "). Canaccord Genuity is acting as lead agent for the ATM Offering and B. Riley and Roth Capital Partners are acting as co-agents (collectively, the " Agents "). The ATM Offering will allow the Company to offer for sale and issue up to US$75 million (or the equivalent in Canadian dollars) of common shares of the Company (the " Common Shares ") from time to time, at the Company's discretion. Any sales of Common Share under the ATM Offering will be made through "at-the-market distributions" as defined in Regulation 44-102 respecting Shelf Distributions , including sales made directly on the TSX Venture Exchange or the New York Stock Exchange or on any other trading market for the Common Shares in Canada or the United States. The Common Shares will be distributed at the market prices prevailing at the time of the sale. The Company is not obligated to make any sales of Common Shares under the ATM Offering.

The net proceeds of the ATM Offering are expected to be used for the development of the Matawinie graphite mine and the Bécancour battery material plant, and for general working capital and corporate expense needs.

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Nouveau Monde Receives Important A2 Sustainability Rating from Moody's for its Green "Mine-to-Battery-Materials" Business and Provides a General Business Update

  • Nouveau Monde receives the second-highest grade on the Sustainability Rating scale from Moody's ESG Solutions 1
  • Nouveau Monde is uniquely committed to supplying the EV and renewable energy industries with a Zero-Carbon Footprint anode material
  • Having produced samples at 99.99% purity in 2021, Nouveau Monde plans in 2022 to complete and ramp up its commercial Phase-1 anode materials facility in Bécancour and advance its 42,000 tpa Phase-2 battery material plant
  • The construction of the all-electric Matawinie graphite mine is continuing according to plan with the objective of supplying carbon-neutral graphite for the EV and battery markets
  • All the above initiatives successfully support Nouveau Monde's fully integrated and sustainable "mine-to-battery-materials" business model and maintaining the Company's industry-leading ESG profile

On the heels of a positive assessment of its ESG performance, Nouveau Monde Graphite Inc. ("Nouveau Monde" or the "Company") ( NYSE: NMG , TSXV: NOU ) releases its 2022 goals for its project and corporate development. The Company expects to complete the deployment of its Phase-1 operations in the first half of this year while further advancing the planning and construction of its Phase-2 Bécancour battery material plant and Matawinie graphite mine towards a targeted integrated production capacity of 42,000 tonnes per annum ("tpa") of carbon-neutral anode material for the growing lithium-ion battery market.

Following the issuance of its inaugural ESG Report , Nouveau Monde sought independent assessment of its sustainability performance. The Company is pleased to report that Moody's ESG Solutions has provided a Sustainability Rating of A2 (‘Robust'), the second-highest grade on its rating scale, to Nouveau Monde.

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Graphite Outlook 2022: Demand from Battery Segment to Remain High

Click here to read the previous graphite outlook.

Graphite is an essential raw material used in electric vehicle (EV) batteries, and as sales of EVs grow, market watchers believe demand for the metal will surge.

Despite discussions about battery chemistry changes, many experts think graphite will remain a dominant element in EV batteries for at least the next decade. Both synthetic graphite and natural graphite, in the form of the intermediate product spherical graphite, are used in the anodes of lithium-ion batteries.

Here the Investing News Network (INN) looks at the key trends in the graphite market in 2021 and what the graphite outlook is for 2022, with commentary from experts in the space.

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Northern Graphite Announces Terms of Private Placement

Northern Graphite Announces Terms of Private Placement

Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (the "Company" or "Northern") is pleased to provide the terms of the private placement (the "Private Placement") being conducted in connection with its previously announced acquisition of the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite depositOkorusu processing plant in Namibia from subsidiaries of Imerys Group ("Imerys") for approximately US$40 million (the "Transaction").

Under the Private Placement, Northern, through a syndicate of agents led by Sprott Capital Partners LP (the "Lead Agent") and including Cormark Securities Inc., Canaccord Genuity Corp. and Tamesis Partners LLP (collectively with the Lead Agent, the "Agents"), will sell, on a commercially reasonable efforts private placement basis, up to 26,750,000 subscription receipts of the Company (the "Subscription Receipts") at a price of C$0.75 per Subscription Receipt to raise aggregate gross proceeds of approximately C$20 million. The Agents shall have the option, exercisable at any time prior to three business days before the closing date, to increase the size of the Private Placement by up to 4,012,500 Subscription Receipts under the same terms for additional gross proceeds of up to approximately C$3 million. Affiliates of the Sprott Group have indicated their intention to participate in the Private Placement through an investment of approximately $3.75 million in Subscription Receipts.

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NextSource Materials Announces Factory Acceptance Testing of the Molo Graphite Mine Processing Plant is Complete and Preparations for Transport to Mine Site Have Initiated

NextSource Materials Announces Factory Acceptance Testing of the Molo Graphite Mine Processing Plant is Complete and Preparations for Transport to Mine Site Have Initiated

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce that Factory Acceptance Testing and final verification of equipment design specifications and end-to-end functions of the processing plant for Phase 1 of the Molo Graphite Mine (the "Processing Plant") is complete

The Processing Plant was designed and built using an all-modular approach and is capable of processing 240,000 tpa of ore and producing approximately 17,000 tpa of high-quality SuperFlake® graphite concentrate. Factory Acceptance Testing ("FAT") was the final validation step after the fabrication and assembly of the Processing Plant equipment and was completed by our Engineering, Procurement and Construction contractor in their off-shore assembly facility under the supervision of SGS, the world-leader in process plant testing, inspection, and process certification.

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Nouveau Monde Appoints Bernard Perron as Chief Operating Officer in Preparation for the Scale Up of its Anode Material Production

Nouveau Monde Graphite Inc. ("Nouveau Monde" or the "Company") ( NYSE: NMG , TSXV: NOU ) announces the appointment of Bernard Perron to the position of Chief Operating Officer starting Monday, January 17, 2022. Mr. Perron will oversee Nouveau Monde's engineering, procurement, construction, operations, as well as environmental, health and safety ("EH&S") management for its integrated mine-to-battery-material business model.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220110005300/en/

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