STAL
Industry:
Metals & Mining

DESCRIPTION

Star Alliance International is an exploration-stage gold mining company with no revenue and no active operations. Its primary asset is the Troy mine, an underground hard rock gold and silver mining property covering approximately 1,600 acres in Mariposa County, California, along the historic Mother Lode gold belt in the Sierra Nevada foothills. Star Alliance acquired the property in 2019; it includes existing mine portals, an on-site processing mill, and road infrastructure from prior operators. The company has not restarted mining and is working to obtain permits from the BLM, U.S. Forest Service, and National Park Service — none of which have been issued. The intended business model is to extract and sell gold and silver ore processed on-site, with revenue driven by ore volume, recovery rates, and commodity prices. Beyond the Troy mine, Star Alliance has been negotiating to acquire 51% of Lion Works, a Guatemalan company that owns a gold extraction technology called Genesis, which claims faster processing and higher recovery rates than conventional methods — but this acquisition remains unclosed. Star Alliance also signed an agreement to develop a gold-backed digital asset, which has not been developed. The company funds itself through equity issuances and an equity line of credit, has only three employees, and has not generated operating revenue. The company was originally incorporated in Nevada in 2014 under a different name and pivoted to gold mining following a 2018 change-of-control transaction.

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