WESTLAKE VILLAGE, CA / ACCESSWIRE / April 14, 2022 / Star Alliance International Corp. (OTC PINK:STAL) is pleased to announce that it has now acquired, in full, the Troy Mine assets which have been legally transferred to STAL.
STAL now owns the mine and its significant gold reserves.
STAL raised the funds necessary to complete this transaction from a current investor who understands the significance and benefits of this investment.
Richard Carey, Chairman of STAL, commented, "I am pleased to confirm that the Company has raised the necessary funds to pay, in full, the balance due for the purchase of the Troy mining assets. This is a huge step and will speed up our plans to get this mine open and operational. The fact that one of our investors felt comfortable enough to provide this funding is a testament to the improving position and strengthening of the Company."
Weverson Correia, CEO of STAL stated, "Since becoming CEO of the Company we have made significant steps towards generating revenue and profitability. I am so excited by the future prospects of our Company."
About Star Alliance International Corp.
Star Alliance International Corp. ("the Company", or "STAL") was incorporated in the State of Nevada on April 17, 2014 under the laws of the State of Nevada.
In August 2019, following a change in control, STAL 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. Now the final for these assets has been made.
Our gold estimates have been confirmed by geologists showing significant reserves of gold located in veins within the areas that are covered by our California mining leases.
STAL plans to commence mining as soon as is feasibly possible.
In December 2021 STAL executed the agreements to acquire 51% of Compania Minera Metalurgica Centro Americana SA (Commsa), a Honduran Corporation. Commsa owns the mining rights to five mines, one approved for mining and 4 approved for exploration. These mines that have significant gold resources run along a 12.5 mile stretch of the Rio Jalan River. We will commence mining operations very shortly and the Company plans to expand operations as soon as possible.
In November, 2021, STAL entered into a binding Letter of Intent to acquire 49% of Lions Works Advertising, SA, a Guatemala Corporation that owns the "Genesis" ore extraction process. Since signing the Letter of Intent the company has renegotiated and will now acquire a 51% interest. This green, environmentally friendly process, extracts up to 98% of the gold ore from the rock. A single module processes 300 to 350 tons of ore daily. The speed of extraction is up to 400 times faster than a conventional heap leaching process.
The Company plans to market "Genesis" to mining companies worldwide.
Safe Harbor and Informational Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For more information, contact STAL.
E Mail: info@staralliancemines.com
Web Site: staralliancemines.com
Facebook, Linkedin, Twitter @staralliancein1
SOURCE: Star Alliance International Corp.
View source version on accesswire.com:
https://www.accesswire.com/697462/Star-Alliance-International-Corp-STAL-has-Made-the-Final-Payment-for-the-Acquisition-of-the-Troy-Mine-Assets
