Vancouver, British Columbia--(Newsfile Corp. - February 8, 2024) - Lodestar Battery Metals (TSXV: LSTR) (OTCQB: SVTNF) ("Lodestar" or the "Company"), focused on becoming a leading critical metals exploration company, is pleased to announce a Q1 2024 update, and discuss plans for the coming year.

Partnership with Red Cloud Securities and Future Assets

On July 14, 2023, the Company entered into a best-efforts agreement with Red Cloud Securities ("Red Cloud") to facilitate the sale of its two silver assets in Mexico (the "Assets"). Red Cloud conducted a comprehensive screening process, considering both potential public and private buyers. Unfortunately, the process did not result in a transaction, primarily due to the challenging capital market conditions for junior exploration and development companies at the time, coupled with the regulatory uncertainties in Mexico following the 2023 regulation changes. For more information about the best-efforts agreement, click here.

Lodestar remains committed to creating value for its shareholders. The Company is actively seeking to expand its portfolio with new critical metal and precious metal assets. Lodestar is well-positioned to identify various projects across North America thanks to its strong cash position (approximately C$1.3M as of December 31, 2023). see & read more on
https://www.newsfilecorp.com/release/197172/