VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) — South Star Battery Metals Corp. (“South Star” or the “Company”) (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it was selected by the R$5B (US$895M) Transformation of Strategic Minerals initiative sponsored by the BNDES and FINEP. The initiative targets increased production and transformation of minerals crucial for energy transition and decarbonization, focusing on developing supply chains for graphite, lithium, rare earth elements, and other strategic minerals in Brazil. The initiative is designed to accelerate the production and transformation of critical minerals essential for the global energy transition and decarbonization, with a strategic focus on building supply chains for priority resources.
South Star presented a work program and conceptual business plan for Santa Cruz Phase 2 and 3 expansions as well as the downstream transformation of graphite in Brazil for industrial and energy transition sectors. The Company will now submit a comprehensive business plan detailing market analysis, management, milestones, budgets, marketing strategy, operations plan, partnerships and socio-environmental impacts for increasing production with a phased, modular approach. South Star will work in partnership with BNDES and FINEP to assess the most appropriate potential financial structures for future funding, which could include credit facilities, equity participation, and grants to invest in productive capacity, research, development, and innovation (“RD&I”).
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