South Star Battery Metals (TSXV:STS,OTCQB:STSBF) CEO and Director Richard Pearce shared some lessons learned from his company’s journey to bring its Santa Cruz graphite project in Brazil to production.
“2008 was a real wakeup call to the mining sector,” Pearce said, explaining that the “old way” of doing things — where junior miners would go out and explore, produce studies and sell to a major mining company — is no longer a viable business today.
He cited the challenges with getting institutional funding for graphite projects and the lack of a standardized pricing structure for this critical battery metal. According to Pearce, South Star’s business strategy allowed the company to fund and operate its graphite projects from exploration to production.
“Things take quite a lot of time and quite a lot of investment. And you kind of have to be committed to that. We’re a group that is in it to produce and scale. So our goals aren’t to trade paper, get to a particular study phase and then sell it. Our goals are to put this into production in Brazil, put this into production in Alabama,” Pearce said.
Watch the full interview with South Star Battery Metals CEO Richard Pearce above.
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