South Star Announces Closing of First Tranche of Non-Brokered Private Placement of Units

South Star Battery Metals Corp. has successfully completed the first tranche of its non-brokered private placement financing, raising gross proceeds of C$828,227 (approximately US$595,847) through the issuance of 5,521,512 units priced at C$0.15 per unit. The financing represents the initial closing of a larger capital raise that was first announced on September 30, 2025.

The completion of this first tranche demonstrates investor confidence in South Star's battery metals strategy at a time when demand for critical battery materials continues to grow. The C$0.15 per unit pricing provides the company with working capital to advance its battery metals projects and corporate initiatives.

For the battery metals sector, this financing reflects continued investor appetite for companies positioned in the critical minerals space, particularly those focused on materials essential to the energy transition. The successful closing of the first tranche suggests strong demand for the offering and positions South Star to potentially complete additional tranches of the private placement.

The funds raised will provide South Star with additional financial flexibility to pursue its strategic objectives in the battery metals sector. As a Vancouver-based company trading on both the TSXV and OTCQB markets, South Star maintains access to both Canadian and U.S. capital markets for future financing needs.