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South Star Battery Metals and Sprott Resource agree to 28 million dollar streaming deal

South Star Battery Metals and Sprott Resource agree to 28 million dollar streaming deal

South Star Battery Metals CEO Richard Pearce joined Steve Darling from Proactive to share news the company has signed a a binding streaming agreement with Sprott Resource Streaming and Royalty for up to 28 million dollars. Pearce telling Proactive this is in essence a prepayment for graphite concentrates from the Santa Cruz Graphite Project. The first stream payment of 10 Million dollars will be used to fund 100% of required Phase 1 construction which is now expected to start in the next 45-60 days.