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South Star Battery Metals (TSXV:STS,OTCQB:STSBF) CEO and Director Richard Pearce shared some classes realized from his firm’s journey to deliver its Santa Cruz graphite venture in Brazil to manufacturing.
“2008 was an actual wakeup name to the mining sector,” Pearce stated, explaining that the “outdated method” of doing issues — the place junior miners would exit and discover, produce research and promote to a significant mining firm — is now not a viable enterprise right now.
He cited the challenges with getting institutional funding for graphite initiatives and the dearth of a standardized pricing construction for this essential battery steel. In keeping with Pearce, South Star’s enterprise technique allowed the corporate to fund and function its graphite initiatives from exploration to manufacturing.
“Issues take various time and various funding. And also you form of must be dedicated to that. We’re a bunch that’s in it to supply and scale. So our objectives aren’t to commerce paper, get to a selected research part after which promote it. Our objectives are to place this into manufacturing in Brazil, put this into manufacturing in Alabama,” Pearce stated.
Watch the total interview with South Star Battery Metals CEO Richard Pearce above.
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