Tiago Cunha Increases Stake in South Star Battery Metals via Private Placement
Tiago Sampaio Cunha, the interim CEO, President, and director of South Star Battery Metals Corp., has significantly increased his ownership stake in the company through a recent share acquisition. On May 15, 2026, the company closed the first tranche of a non-brokered private placement, which was upsized to offer up to 32 million shares at C$0.15 per share, aiming for gross proceeds of up to C$4.8 million. Mr. Cunha purchased 15,413,333 shares through the SPO fund, one of several investment vehicles he controls. This transaction raises his total direct and indirect holdings to 41,456,085 shares and 13,900,000 warrants. Consequently, his ownership percentage now stands at 38.23% on a non-diluted basis and 45.25% on a partially diluted basis. The announcement highlights Mr. Cunha's continued confidence in the Vancouver-based battery metals company. Future acquisitions or disposals may occur based on market conditions and strategic opportunities. An Early Warning Report regarding this change in insider holdings is available via SEDAR+.
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