South Star Battery Metals Corp.
Commencing Production Next Month / Trump Win May Propel Graphite Stocks
Published: 8/19/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:STSBF - NASDAQ 🔹STS.V - NEO 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.59 |
| Fair Value | CAD $1.47 |
| Risk | 5 |
| 52 Week Range | CAD $0.49-0.82 |
| Shares O/S (M) | 53 |
| Market Cap. (M) | CAD $31 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 1.9 |
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Report Highlights
- Since our previous report in April 2023, STS has made substantial progress on its graphite projects, including the open-pittable Santa Cruz graphite project (Brazil), and the BamaStar project (a historic producer with an open-pittable deposit) in Alabama.
- Santa Cruz is set to begin phase one production next month, targeting an annual output of 12 Kt of flake graphite.
- STS has secured the necessary permits and licenses for a three-phase development plan, and has entered into initial sales agreements with U.S. clients for its graphite concentrate.
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