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South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is announcing that it is repricing the previously announced (May 19, 2022) non-brokered private placement of units (the "Private Placement" or the "Offering") to raise approximately C$2,000,000 in order to better reflect the current market conditions for common shares of the Company. On a pre-consolidation basis, the Offering will be repriced from C$0.15 per unit (the "Units") to C$0.11 per unit and consist of approximately 18,181,818 Units. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of C$0.25 per common share for a period of five years from the date of issue.

All other terms and conditions of the Offering remain unchanged. The closing of the Offering is subject to customary conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV"). The Company may pay finders' fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities will be subject to a four-month hold period from the date of closing. The Private Placement is subject to a 25% over-allotment option and to an acceleration clause. See below for further details.

Common Shares issued pursuant to the Private Placement will be issued on a post-Consolidation basis. The Warrants issued in the Consolidation will be issued on a post-Consolidation basis, and upon the completion of the Consolidation will automatically be adjusted to the post-Consolidation terms disclosed above (five pre-Consolidation Warrants will entitle the holder to acquire one post-Consolidation Warrant at a price of $1.25).

Acceleration Clause

If during a period of ten consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds C$0.50 on a pre-Consolidation basis for each of those ten consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time.

ABOUT South Star Battery Metals CORP

South Star Battery Metals Corp. is a 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 Q2 2023.

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defence hub in the southeastern United States. The Project is a historic mine active during World Wars I & II. Trenching, sampling, analysis and preliminary metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. 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 Corp.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

For additional information, please contact:

South Star Investor Relations (Canada IR)
Email: invest@southstarbatterymetals.com

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

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.

FORWARD-LOOKING INFORMATION

This press release 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 in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

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.


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South Star Battery Metals


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South Star Battery Metals Announces Closing of Non-Brokered Private Placement

South Star Battery Metals Announces Closing of Non-Brokered Private Placement

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed a non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$1,906,990. The majority of participation in the Private Placement was with key institutional investors and insiders. Net proceeds from the Private Placement will be used for advanced materials sample preparation, commercial agreements, project finance and general working capital requirements for the Company.

The Private Placement consists of 3,467,254 units priced at post-consolidation price of C$0.55 per unit (the "Units"). Each Unit consists of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of C$1.25 per common share for a period of five years from the date of issue. The securities are subject to a four-month hold period from the date of closing and approval by the TSXV, expiring October 24, 2022.The Company issued an aggregate of 1,636 finders' warrants in connection with the Private Placement (equal to 6% of the number of Units sold to subscribers introduced to the Company by the finders) and $54,300 in cash finders' fees were paid to certain finders (equal to 6% of the gross proceeds of the offering sold to subscribers introduced to the Company by the finders).

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South Star Battery Metals Announces Effective Date of Consolidation

South Star Battery Metals Announces Effective Date of Consolidation

South Star Battery Metals Corp. (" South Star " or the " Company ") (TSXV: STS) (OTCQB: STSBF) announces that it is proceeding with its previously announced share consolidation on the basis of five (5) pre-consolidation common shares for one (1) new post-consolidation common share (the " Consolidation "). Effective at market open on Wednesday, June 22, 2022, the Company's common shares will commence trading on a post-consolidation basis. The Company's name and trading symbol will remain unchanged.

The Consolidation will reduce the number of common shares issued and outstanding from 102,533,520 to approximately 20,506,704 common shares after rounding adjustments. No fractional common shares will be issued as a result of the Consolidation. All fractional shares resulting from the Consolidation will be rounded down to the nearest whole number and the fractional share will be cancelled.

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South Star Battery Metals Announces Proposed Joint Venture with Graphex Technologies, LLC to Develop a Manufacturing and Processing Facility for Battery Anode Material

South Star Battery Metals Announces Proposed Joint Venture with Graphex Technologies, LLC to Develop a Manufacturing and Processing Facility for Battery Anode Material

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce the signing of a Letter of Intent ("LOI") with Graphex Technologies, LLC ("Graphex") to jointly develop a manufacturing and processing facility for battery anode material. The parties intend to develop a definitive agreement by October 31, 2022 to share expertise and technology for the design, construction and operations of a battery anode material processing facility. Graphite feed stock is expected to be provided by South Star's Santa Cruz Graphite Mine in Brazil and Ceylon Graphite Mine in the United States. The goals of the joint venture are to have a centrally located, vertically integrated supply chain for active battery anode and value-added materials supplied by two high-quality, scalable graphite operations in two strategic and stable jurisdictions in the Americas. The Companies previously announced a LOI to pursue a binding 5-year offtake agreement (March 24 th 2022)

Richard Pearce, CEO of South Star, said, "We are breaking ground on Santa Cruz Graphite Mine in June, 2022 and have commercial production planned for Q2 of 2023. The Ceylon Project in Alabama is advancing well, and we are starting metallurgy and battery testing programs. We are pleased to be further developing a long-term, strategic relationship with Graphex at a critical moment in the energy transition revolution. Graphex has been producing and selling high-quality battery anode material for a long time, and similar to us, looking to expand operations in the US. South Star believes that the only way to meet the growing demand is for experienced companies to develop strategic partnerships that accelerate the vertically integrated production of high-quality products that can be consistently delivered in a responsible and profitable manner. This partnership will benefit both parties and allow us to quickly deliver critical battery anode and other value add materials for clients in strategic locations around the world. Reliable, secure supply chains are the key to the world's ability to execute on the exciting energy transition revolution underway, and South Star is pleased to be part of this paradigm shift."

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South Star Battery Metals Announces Non-Brokered Private Placement and Share Consolidation

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it intends to complete a non-brokered private placement of units (the "Private Placement" or the "Offering") to raise approximately C$2,000,000. Concurrently, the Company plans to consolidate its common shares on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares (the "Consolidation"). The closing of the Offering and the Consolidation are subject to customary conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the " T SXV").

Private Placement

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South Star Battery Metals Announces Groundbreaking Ceremony for Start of Phase 1 Construction of the Santa Cruz Graphite Mine

South Star Battery Metals Announces Groundbreaking Ceremony for Start of Phase 1 Construction of the Santa Cruz Graphite Mine

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce the groundbreaking ceremony and start of Phase 1 construction for the Santa Cruz Graphite Mine on June 2 nd 2022. The ceremony will include local, state and federal officials, representatives from local and regional stakeholders, as well as South Star's management team. The event is an important milestone celebrating more than a decade of development work, with the first new commercial graphite production in the Americas planned for Q2 of 2023.

Richard Pearce, President & CEO commented, "South Star is very excited to share this important milestone with our partners, the local community, elected officials and stakeholders, and we would like to thank everyone involved in this important achievement and their on-going support. We look forward to kicking off construction and continuing our focused approach to delivering on our long-term goals and objectives. The start of commercial production is now in sight, and this is the perfect time to have a strategic, scalable asset in an important jurisdiction coming online in the critical battery metals supply chain."

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Altech Chemicals Ltd Strategic Partnership Silumina Anodes Qualification

Perth, Australia (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) is pleased to announce that it has executed a framework agreement with leading German institute Fraunhofer IKTS ("IKTS"), as a strategic partner to expedite the testing and qualification process for the Company's Silumina AnodesTM product.

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Altech recently completed a pre-feasibility study for a 10,000 tpa Silumina AnodesTM plant in Germany. The Company's silicon graphite composite product not only achieves a much higher energy capacity than the conventional graphite anode, it is also stable during the life of the battery. The Company announced in late 2021 that it had achieved a 30% higher energy battery with improved cyclability or battery life, and is now in the process of commercial development.

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The Company is well positioned to dramatically reduce supply risks by positioning its operation in Germany and sourcing its graphite and silicon feedstock from European suppliers.

During the recent crisis in Europe forcing supply chain pressures and rising energy prices, it has demonstrated the importance of European material supply for European battery and EV makers. The manufacturing supply risks are becoming increasingly evident, and more focus will be placed on European supply.

*To view photograph at IKTS test facilities in Dresden, please visit:
https://abnnewswire.net/lnk/M53XXS83



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

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Source:
Altech Chemicals Ltd

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