Cruz Battery Metals Acquires the Central Clayton Valley Lithium Brine Project in Nevada Completely Surrounded by SLB's Property
Cruz Battery Metals Corp. (BKTPF) announces plans to acquire the 580-acre Central Clayton Valley Lithium Brine Project in Nevada, consisting of 29 claims completely surrounded by SLB's property. This acquisition will expand Cruz's lithium brine footprint in Clayton Valley to 820 acres. The project is located in the deepest part of the Clayton Valley lithium brine basin.
The acquisition comes as SLB (formerly Schlumberger) has successfully completed a 100% earn-in of Pure Energy's Clayton Valley project and demonstrated successful high-purity direct lithium extraction (DLE) production. The purchase terms include $115,000 in cash for BLM fees and staking costs, plus 7 million shares with a four-month hold period.
The company highlights recent positive EV market trends, noting that China's new energy vehicle sales exceeded 50% of passenger car sales, while GM reported a 50% increase in EV sales for Q4 and 125% for the year, becoming the #2 EV seller in the U.S. in H2 2024.
Cruz Battery Metals Corp. (BKTPF) annuncia piani per acquisire il progetto di salamoia di litio Central Clayton Valley, di 580 acri, in Nevada, composto da 29 rivendicazioni completamente circondate dalla proprietà di SLB. Questa acquisizione espanderà la presenza di salamoia di litio di Cruz nella Clayton Valley a 820 acri. Il progetto si trova nella parte più profonda del bacino di salamoia di litio della Clayton Valley.
L'acquisizione avviene mentre SLB (precedentemente Schlumberger) ha completato con successo un earn-in del 100% del progetto di Clayton Valley di Pure Energy e ha dimostrato una produzione di estrazione diretta di litio ad alta purezza (DLE) di successo. I termini dell'acquisto includono 115.000 $ in contanti per le spese BLM e i costi di messa in rivendicazione, oltre a 7 milioni di azioni con un periodo di blocco di quattro mesi.
La compagnia evidenzia le recenti tendenze positive del mercato dei veicoli elettrici, facendo notare che le vendite di veicoli energetici rinnovabili in Cina hanno superato il 50% delle vendite di auto passeggeri, mentre GM ha riportato un aumento del 50% nelle vendite di veicoli elettrici per il quarto trimestre e del 125% per l'anno, diventando il secondo venditore di veicoli elettrici negli Stati Uniti nella seconda metà del 2024.
Cruz Battery Metals Corp. (BKTPF) anuncia planes para adquirir el Proyecto de Salmuera de Litio Central Clayton Valley de 580 acres en Nevada, que consiste en 29 reclamaciones completamente rodeadas por la propiedad de SLB. Esta adquisición ampliará la huella de salmuera de litio de Cruz en Clayton Valley a 820 acres. El proyecto se ubica en la parte más profunda de la cuenca de salmuera de litio de Clayton Valley.
La adquisición se produce ya que SLB (anteriormente Schlumberger) ha completado con éxito un earn-in del 100% del proyecto Clayton Valley de Pure Energy y ha demostrado la producción exitosa de extracción directa de litio de alta pureza (DLE). Los términos de la compra incluyen 115,000 $ en efectivo para tarifas BLM y costos de colocación, además de 7 millones de acciones con un período de bloqueo de cuatro meses.
La compañía destaca las recientes tendencias positivas del mercado de vehículos eléctricos, señalando que las ventas de vehículos de energía nueva en China superaron el 50% de las ventas de automóviles de pasajeros, mientras que GM informó un aumento del 50% en las ventas de vehículos eléctricos para el cuarto trimestre y del 125% para el año, convirtiéndose en el segundo vendedor de vehículos eléctricos en EE. UU. en la segunda mitad de 2024.
Cruz Battery Metals Corp. (BKTPF)는 네바다에 위치한 580에이커의 중앙 클레이튼 밸리 리튬 브라인 프로젝트를 인수할 계획을 발표했습니다. 이 프로젝트는 SLB의 소유지에 완전히 둘러싸인 29개의 청구로 구성되어 있습니다. 이 인수는 Cruz의 클레이튼 밸리 내 리튬 브라인 범위를 820에이커로 확장할 것입니다. 이 프로젝트는 클레이튼 밸리 리튬 브라인 분지의 가장 깊은 부분에 위치해 있습니다.
이 인수는 SLB(구 슐룸베르저)가 Pure Energy의 클레이튼 밸리 프로젝트에 대한 100%에 해당하는 수익 달성을 성공적으로 완료하고 고순도 직접 리튬 추출(DLE) 생산에 성공했을 때 이루어졌습니다. 구매 조건에는 BLM 수수료 및 청구 비용으로 115,000달러의 현금과 4개월 동안 보유해야 할 700만 주가 포함됩니다.
회사는 최근 전기차 시장의 긍정적인 동향을 강조하며, 중국의 신 에너지 차량 판매가 승용차 판매의 50%를 초과했고, GM은 4분기 동안 전기차 판매가 50% 증가하고 연간 125% 증가했다고 보고하며, 2024년 하반기 미국에서 두 번째로 많은 전기차 판매업체가 되었다고 밝혔습니다.
Cruz Battery Metals Corp. (BKTPF) annonce des projets d'acquisition du Projet de saumure de lithium Central Clayton Valley de 580 acres au Nevada, composé de 29 demandes complètement entourées par la propriété de SLB. Cette acquisition étendra l'empreinte de saumure de lithium de Cruz dans la vallée de Clayton à 820 acres. Le projet est situé dans la partie la plus profonde du bassin de saumure de lithium de Clayton Valley.
L'acquisition intervient alors que SLB (anciennement Schlumberger) a réussi à achever un earn-in de 100% du projet de Valley Clayton de Pure Energy et a démontré la production réussie d'extraction directe de lithium de haute pureté (DLE). Les conditions d'achat comprennent 115 000 $ en espèces pour les frais BLM et les coûts de mise en revendication, ainsi que 7 millions d'actions avec une période de blocage de quatre mois.
La société souligne les tendances positives récentes du marché des véhicules électriques, notant que les ventes de véhicules à énergie nouvelle en Chine ont dépassé 50 % des ventes de voitures particulières, tandis que GM a rapporté une augmentation de 50 % des ventes de véhicules électriques pour le T4 et de 125 % pour l'année, devenant le deuxième vendeur de véhicules électriques aux États-Unis au second semestre 2024.
Cruz Battery Metals Corp. (BKTPF) kündigt Pläne an, das 580 Acre große Central Clayton Valley Lithium Brine Projekt in Nevada zu erwerben, das aus 29 Ansprüchen besteht, die vollständig von SLB's Grundstück umgeben sind. Dieser Erwerb wird die Lithium-Brine-Präsenz von Cruz im Clayton Valley auf 820 Acres erweitern. Das Projekt befindet sich im tiefsten Teil des Clayton Valley Lithium-Brine-Beckens.
Die Akquisition erfolgt, da SLB (ehemals Schlumberger) erfolgreich eine 100%ige Earn-in für das Clayton Valley-Projekt von Pure Energy abgeschlossen hat und eine erfolgreiche Produktion von hochreinem Direktlithium-Extraktion (DLE) nachgewiesen hat. Die Kaufbedingungen umfassen 115.000 $ in bar für BLM-Gebühren und Absteckkosten sowie 7 Millionen Aktien mit einer Haltefrist von vier Monaten.
Das Unternehmen hebt die kürzlichen positiven Trends im EV-Markt hervor und merkt an, dass die Verkäufe von Neufahrzeugen in China 50% der Verkaufszahlen von Personenkraftwagen überstiegen, während GM einen Anstieg der EV-Verkäufe von 50% im 4. Quartal und von 125% für das gesamte Jahr berichtete und in der zweiten Hälfte von 2024 zum zweitgrößten EV-Verkäufer in den USA wurde.
- Strategic acquisition of 580 acres in prime lithium brine location
- Property is surrounded by SLB's successful lithium extraction operation
- Expands total lithium brine footprint to 820 acres
- Located in deepest part of Clayton Valley lithium brine basin
- Share dilution through issuance of 7 million new shares
- Cash expenditure of $115,000 required for acquisition
- Acquisition still subject to regulatory approvals
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2025) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A40YSN) (the "Company" or "Cruz") announces it plans to acquire, from arm's length vendors, the 580-acre 'Central Clayton Valley Lithium Brine Project' located in the heart of Clayton Valley in Esmeralda County, Nevada, USA. This new project consists of 29 claims completely surrounded by SLB's (formerly Schlumberger Limited) Clayton Valley lithium brine project. Cruz will now have a footprint of 820 acres prospective for lithium brine in Clayton Valley, Nevada. This acquisition is subject to all regulatory approvals.
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James Nelson, President of Cruz, commented "We believe there are several reasons why the Central Clayton Valley Lithium Brine Project has potentially major upside value. These claims are located with access to the deepest part of the Clayton Valley lithium brine basin in Esmeralda County, Nevada, and are completely inside of SLB's (formerly Schlumberger) claims. We are very pleased to acquire this project at a time when SLB has successfully completed the
According to a CNBC article dated January 2, 2025, China's push to develop its own electric cars hit a tipping point in July, with the share of new energy vehicles sold accounted for more than half all passenger cars sold that month, according to the passenger car association. New energy vehicles include battery-only and hybrid-powered cars. The trend persisted through November, which saw a penetration rate of
On January 3, 2025, GM announced that for the fourth quarter, sales were up
Mr. Nelson went on to say, "Despite the ferociously negative sentiment around lithium and EV's over the last two years, the recent data clearly shows that EV sales are increasing and the momentum for EV sales globally is in fact strengthening, not weakening. Therefore, we feel domestically sourced lithium projects in 2025 will garner significantly more market interest than the previous two years."
Announced on September 11, 2024, Pure Energy Minerals Ltd.'s partner, SLB, has now completed a comprehensive technology demonstration and testing program as required to earn-in to the company's 100-per-cent-owned Clayton Valley lithium brine project (CV project) in Esmeralda County, Nevada.
Pure Energy and SLB formed a partnership in May, 2019, which provides for SLB to design, permit, develop and build a state-of-the-art pilot plant for direct lithium extraction (DLE) of lithium brines from the Clayton Valley property. The sustainable lithium demonstration plant, operated by SLB, currently is producing lithium carbonate (Li2CO3) product, a direct component of lithium batteries in mobile phones, electric vehicles and energy storage.
SLB has demonstrated completion of specific technical milestones to qualify the earn-in to 100-per-cent ownership of the CV project, which include continuous production of lithium carbonate for an extended period and achieving a material quantity of lithium product in excess of a required purity threshold, which was verified by a third party.
The Company has agreed to acquire the Central Clayton Valley Lithium Brine Project for compensation of one hundred fifteen thousand in cash, which covers BLM fees and staking costs, and the issuance of seven million shares that carry a four-month hold, payable on closing. This acquisition is subject to all regulatory approvals.
Qualified Person
The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the Company and qualified person as defined by National Instrument 43-101.
About Cruz Battery Metals Corp.
Cruz currently has several battery metals focused projects located in the USA. Cruz's Nevada lithium projects consist of the 4,938-acre 'Solar Lithium Project', the 240-acre 'Clayton Valley Lithium Brine Project', and the recently acquired 580-acre 'Central Clayton Valley Lithium Brine Project'. Cruz also has the 124-acre 'Idaho Cobalt Belt Project'. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.
If you would like to be added to Cruz's news distribution list, please send your email address to info@cruzbatterymetals.com
Cruz Battery Metals Corp.
"James Nelson"
James Nelson
President, Chief Executive Officer, Secretary and Director
For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
E: info@cruzbatterymetals.com
W: www.cruzbatterymetals.com
Twitter: @CruzBattMetals
The CSE has neither approved nor disapproved of the contents of this press release.
Forward Looking Statements
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the completion of the Arrangement as proposed, or at all, the record date, the effective date, CSE listing approval, and the business focus of each of Cruz and Makenita following the Arrangement. Important factors that could cause actual results to differ materially from the Company's expectations include unanticipated market, economic and other conditions which may adversely affect the Company's ability to complete the Arrangement on the terms set out in the Arrangement Agreement with Makenita, or at all, and other risks detailed from time to time in the filings made by the Company with the securities regulatory authorities. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
References:
https://www.cnbc.com/2025/01/02/chinas-electric-car-boom-is-increasingly-more-about-hybrids.html
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FAQ
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