Tiny float on the move (OTC: STAL)
Star Alliance International (STAL) is Making the Transition from a Junior Gold Miner to a Gold Producer with a New Accretive Acquisition
“The patent pending Genesis system is constructed in modular form which makes it very versatile. A single module processes 300 to 350 tons of ore daily. The speed of extraction is 400 times faster than a conventional heap leaching process.”
Good day everyone,
Recent key acquisitions make this a very attractive stock.
Gold prices are on the rise in the face of higher interest rates. Gold has been bullish over the past six months gaining 2.54% and 1.72% over the past 30 days.
Star Alliance International Corp. (OTC: STAL) has been a junior gold miner in the development stage until a recent acquisition has been moving the company into a revenue generator.
Current price $1.09/share
STAL made considerable progress in 2021, not only with acquisitions, but with developing their existing mining claims. It looks like milestones and potential catalysts may be coming at a steady rate through 2022. Now is a great time to look at this junior gold miner, gold stocks are trending and the near-term prospects for this sector look very good as gold is an inflationary laggard.
Tiny Trade-able Free Float and Even Less Registered at DTC
Authorized Shares
175,000,000
01/24/2022
Outstanding Shares
141,176,028
01/24/2022
Restricted
126,426,028
01/24/2022
Unrestricted
14,750,000
01/24/2022
Held at DTC ***
2,569,986
01/24/2022
Float
10,800,000 A/O 11/01/2021
On December 17th last year, STAL signed definitive agreements to purchase 51% of Compania Minera Metalurgica Centro Americana S.A. (Commsa) which owns and operates five gold mines in Honduras that are producing gold now. The cost of this acquisition, including working capital, is $7,500,000 in cash and restricted stock of STAL.
Richard Carey, Chairman and CEO of STAL, commented, "This acquisition is a major step forward in the growth of our Company. From January 1, 2022, and forward, we will be consolidating the financial’s of Commsa and generating revenue from the operating mines."
The company anticipates that production at Commsa will increase with the added cash they plan to invest and the use of their Genesis ore extraction process (more on that below). Production costs will be lower and gold recovery could increase dramatically.
In August 2019, the company acquired the mining claims, buildings, and equipment from Troy Mining Corporation. The Project is located at the base of the "gold mother lode" in one of the three major vein belts where the greatest concentration of minerals settled over the years in California.
While primarily a gold recovery project, geologists and assay reports indicate that, the amount of recoverable silver available in the project claims exists in a quantity which is equal to that of recoverable gold. In 2021 STAL began the development process at the Mother Load mining project by creating roads to the site and beginning assay reports to determine the potential for gold at the site more specifically.
Genesis:
On November 23, 2021, STAL entered a binding letter of intent to acquire 51% of the Genesis Ore Extraction System. The Genesis gold extraction system accelerates the extraction of gold in oxidized minerals. The process reduces the standard time of extraction from 40 to 120 days down to 24 hours. As a result, costs of production are dramatically reduced.
Conventional heap leaching systems used to extract gold have always been a problem at mining companies as the process is environmentally dangerous. STAL, and the system developer Juan Lemos have said that Genesis is environmentally safe.
The patent pending Genesis system is constructed in modular form which makes it very versatile. A single module processes 300 to 350 tons of ore daily. The speed of extraction is 400 times faster than a conventional heap leaching process. STAL intends to market the Genesis system to other mining operations in addition to using it at their own mines, creating an additional revenue stream.
Disclosures: https://mailchi.mp/tradersnewssource/a-stock-...-650244?e=[UNIQID]
Star Alliance International (STAL) is Making the Transition from a Junior Gold Miner to a Gold Producer with a New Accretive Acquisition
“The patent pending Genesis system is constructed in modular form which makes it very versatile. A single module processes 300 to 350 tons of ore daily. The speed of extraction is 400 times faster than a conventional heap leaching process.”
Good day everyone,
Recent key acquisitions make this a very attractive stock.
Gold prices are on the rise in the face of higher interest rates. Gold has been bullish over the past six months gaining 2.54% and 1.72% over the past 30 days.
Star Alliance International Corp. (OTC: STAL) has been a junior gold miner in the development stage until a recent acquisition has been moving the company into a revenue generator.
Current price $1.09/share
STAL made considerable progress in 2021, not only with acquisitions, but with developing their existing mining claims. It looks like milestones and potential catalysts may be coming at a steady rate through 2022. Now is a great time to look at this junior gold miner, gold stocks are trending and the near-term prospects for this sector look very good as gold is an inflationary laggard.
Tiny Trade-able Free Float and Even Less Registered at DTC
Authorized Shares
175,000,000
01/24/2022
Outstanding Shares
141,176,028
01/24/2022
Restricted
126,426,028
01/24/2022
Unrestricted
14,750,000
01/24/2022
Held at DTC ***
2,569,986
01/24/2022
Float
10,800,000 A/O 11/01/2021
On December 17th last year, STAL signed definitive agreements to purchase 51% of Compania Minera Metalurgica Centro Americana S.A. (Commsa) which owns and operates five gold mines in Honduras that are producing gold now. The cost of this acquisition, including working capital, is $7,500,000 in cash and restricted stock of STAL.
Richard Carey, Chairman and CEO of STAL, commented, "This acquisition is a major step forward in the growth of our Company. From January 1, 2022, and forward, we will be consolidating the financial’s of Commsa and generating revenue from the operating mines."
The company anticipates that production at Commsa will increase with the added cash they plan to invest and the use of their Genesis ore extraction process (more on that below). Production costs will be lower and gold recovery could increase dramatically.
In August 2019, the company acquired the mining claims, buildings, and equipment from Troy Mining Corporation. The Project is located at the base of the "gold mother lode" in one of the three major vein belts where the greatest concentration of minerals settled over the years in California.
While primarily a gold recovery project, geologists and assay reports indicate that, the amount of recoverable silver available in the project claims exists in a quantity which is equal to that of recoverable gold. In 2021 STAL began the development process at the Mother Load mining project by creating roads to the site and beginning assay reports to determine the potential for gold at the site more specifically.
Genesis:
On November 23, 2021, STAL entered a binding letter of intent to acquire 51% of the Genesis Ore Extraction System. The Genesis gold extraction system accelerates the extraction of gold in oxidized minerals. The process reduces the standard time of extraction from 40 to 120 days down to 24 hours. As a result, costs of production are dramatically reduced.
Conventional heap leaching systems used to extract gold have always been a problem at mining companies as the process is environmentally dangerous. STAL, and the system developer Juan Lemos have said that Genesis is environmentally safe.
The patent pending Genesis system is constructed in modular form which makes it very versatile. A single module processes 300 to 350 tons of ore daily. The speed of extraction is 400 times faster than a conventional heap leaching process. STAL intends to market the Genesis system to other mining operations in addition to using it at their own mines, creating an additional revenue stream.
Disclosures: https://mailchi.mp/tradersnewssource/a-stock-...-650244?e=[UNIQID]
