Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cruz Battery Metals (CRUZ) has expanded its drill-ready Solar Lithium Project in Nevada from 3,202 to 5,500 acres
  • The project borders American Lithium’s Tonopah Lithium Project, which contains 5.37 Mt of lithium carbonate equivalent measured and indicated
  • The company is applying for a drilling permit and will commence drilling as soon as possible
  • Cruz Battery Metals acquires and develops high-grade cobalt projects for the rechargeable battery and renewable energy sectors
  • Cruz Battery Metals (CRUZ) is up by 4.55 per cent and is currently trading at $0.115 per share

Cruz Battery Metals (CRUZ) has expanded its drill-ready Solar Lithium Project in Nevada from 3,202 to 5,500 acres.

The project lies in a world-class district for lithium production directly bordering American Lithium’s Tonopah Lithium Project, which, according to Stantec, currently contains 5.37 million tonnes of lithium carbonate equivalent measured and indicated with another 1.76 million tonnes inferred.

The company is hoping to capitalize on lithium prices having broken out to three-year highs while investor interest in lithium stocks continues to be robust.

It is applying for a drilling permit and will commence drilling as soon as possible.

Jim Nelson, President of Cruz Battery Metals, stated,

“We strongly believe that battery metals will continue to garner significant market attention as the demand for lithium-ion batteries continues to increase along with the explosive growth of the electric vehicle industry. Cruz currently has more than enough cash on hand to fund all of the planned 2021 drill programs and management is looking forward to commencing a fall drill program on the Solar Lithium Project as soon as possible.

Cruz’s other lithium project is located close by, in Clayton Valley, Nevada, representing one of the few companies that have access to the deepest parts of the only lithium brine basin in production in North America.

We are about to come into a major news flow cycle and management remains confident that 2021 will be a transformative year for the company as Cruz has multiple strategically located, and ethically sourced, lithium and cobalt projects in North America.”

Cruz Battery Metals acquires and develops high-grade cobalt projects for the rechargeable battery and renewable energy sectors.

Cruz Battery Metals (CRUZ) is up by 4.55 per cent and is currently trading at $0.115 per share as of 10:37 am ET.

More From The Market Herald

" Osino Resources (TSXV:OSI) upsizes private placement

Osino Resources (OSI) has increased the size of its private placement due to strong investor demand.

" South Star Battery Metals (TSXV:STS) increases non-brokered private placement

South Star Battery Metals (STS) has announced an increase to its non-brokered private placement of units to raise approximately $2,300,000.

" EMX (TSXV:EMX) closes royalty portfolio acquisition from SSR Mining

EMX Royalty Corp. (EMX) closed its acquisition of royalty interest and deferred payments from SSR Mining Inc. and certain subsidiaries.

" Omai Gold (TSXV:OMG) continues outlining gold mineralization

Omai Gold Mines (OMG) is reporting additional results from the drilling program currently underway at the Omai Gold Project in Guyana.