South Star Secures $4 Million Debt Financing for Santa Cruz Graphite Mine Development

August 27, 2025 - 08:44

In a significant move to bolster operations at the Santa Cruz Graphite Mine in Brazil, a non-binding indicative term sheet has been established for a loan facility amounting to $4 million. This financing arrangement, in collaboration with Sprott Streaming, is set to span a three-year maturity period. The capital raised will be primarily directed towards advancing the development and optimization of Phase 1 of the Santa Cruz project.

As both parties work diligently on finalizing the definitive documentation, there is an expectation for the financing to be completed on an expedited timeline. This strategic funding initiative highlights the commitment to enhancing production capabilities at the mine, which is poised to play a vital role in the growing demand for graphite, particularly in the electric vehicle and renewable energy sectors. The successful execution of this financing is anticipated to significantly impact the operational efficiency and output of the Santa Cruz Graphite Mine.