Cruz Battery Metals: Clayton Valley, Nevada Lithium Update
Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) announces developments in the Clayton Valley, Nevada lithium sector. Neighboring company SLB has demonstrated a breakthrough in sustainable lithium production, achieving a 96% lithium recovery rate from brine, 500 times faster than conventional methods while using only 10% of the land. Cruz's Clayton Valley Lithium Brine Project is surrounded by the Pure/SLB project and is located in deep sections of the basin.
Cruz President James Nelson views this as a potential catalyst for renewed interest in Clayton Valley's lithium potential. The company is also proceeding with the spin-out of its Hector Project into Makenita Resources Inc., offering free shares to Cruz shareholders of record, with the record date to be announced soon.
Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) annuncia sviluppi nel settore del litio della Clayton Valley, Nevada. L'azienda vicina SLB ha dimostrato un progresso nella produzione sostenibile di litio, ottenendo un tasso di recupero del litio del 96% dalla salamoia, 500 volte più veloce rispetto ai metodi tradizionali, utilizzando solo il 10% della superficie. Il progetto di salamoia di litio di Cruz nella Clayton Valley è circondato dal progetto Pure/SLB e si trova in sezioni profonde della bacin.
Il Presidente di Cruz, James Nelson, considera questo come un potenziale catalizzatore per un rinnovato interesse nel potenziale litio della Clayton Valley. L'azienda sta inoltre procedendo con il distacco del suo Progetto Hector nella Makenita Resources Inc., offrendo azioni gratuite agli azionisti di Cruz registrati, con la data di registrazione che sarà annunciata a breve.
Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) anuncia desarrollos en el sector de litio de la Clayton Valley, Nevada. La empresa vecina SLB ha demostrado un avance en la producción sostenible de litio, logrando una tasa de recuperación de litio del 96% de la salmuera, 500 veces más rápida que los métodos convencionales, utilizando solo el 10% de la tierra. El Proyecto de Salmuera de Litio de Cruz en la Clayton Valley está rodeado por el proyecto Pure/SLB y se ubica en secciones profundas de la cuenca.
El Presidente de Cruz, James Nelson, ve esto como un potencial catalizador para un renovado interés en el potencial de litio de Clayton Valley. La empresa también está avanzando con el dividendo de su Proyecto Hector en Makenita Resources Inc., ofreciendo acciones gratuitas a los accionistas de Cruz registrados, con la fecha de registro que se anunciará pronto.
Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF)는 클레이턴 밸리, 네바다 리튬 분야의 개발 소식을 알립니다. 인접 회사인 SLB는 지속 가능한 리튬 생산에서 획기적인 발전을 이루었으며, 염수에서 96% 리튬 회수율을 달성했습니다. 이는 기존 방법보다 500배 빠르며,土地의 단지 10%만을 사용합니다. 크루즈의 클레이턴 밸리 리튬 브라인 프로젝트는 Pure/SLB 프로젝트에 둘러싸여 있으며, 분지의 깊은 지역에 위치해 있습니다.
크루즈의 제임스 넬슨 회장은 이것이 클레이턴 밸리의 리튬 잠재력에 대한 새로운 관심을 불러일으킬 수 있는 잠재적 촉매제로 보고 있습니다. 회사는 또한 헥터 프로젝트의 분할을 Makenita Resources Inc.로 진행하고 있으며, 크루즈 주주에게 무료 주식을 제공할 예정이며, 기록 날짜는 곧 발표될 것입니다.
Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) annonce des développements dans le secteur du lithium de la Clayton Valley, Nevada. L'entreprise voisine SLB a démontré une avancée dans la production durable de lithium, atteignant un taux de récupération du lithium de 96% à partir de saumure, 500 fois plus rapide que les méthodes conventionnelles tout en n'utilisant que 10% de la surface. Le projet de saumure de lithium de Cruz dans la Clayton Valley est entouré par le projet Pure/SLB et est situé dans des sections profondes du bassin.
Le président de Cruz, James Nelson, considère cela comme un potentiel catalyseur pour un intérêt renouvelé dans le potentiel en lithium de la Clayton Valley. L'entreprise procède également à la scission de son projet Hector dans Makenita Resources Inc., offrant des actions gratuites aux actionnaires de Cruz enregistrés, la date d'enregistrement sera bientôt annoncée.
Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) kündigt Entwicklungen im Clayton Valley, Nevada Lithium-Sektor an. Das Nachbarunternehmen SLB hat einen Durchbruch in der nachhaltigen Lithiumproduktion erzielt und einen 96% Lithium Rückgewinnungsrate aus Brine erreicht, was 500 Mal schneller ist als herkömmliche Methoden und dabei nur 10% des Landes nutzt. Das Clayton Valley Lithium Brine Projekt von Cruz ist von dem Pure/SLB Projekt umgeben und befindet sich in tiefen Bereichen des Beckens.
Cruz Präsident James Nelson betrachtet dies als einen potenziellen Katalysator für ein erneutes Interesse am Lithium-Potenzial von Clayton Valley. Das Unternehmen geht auch mit der Abspaltung seines Hector-Projekts in die Makenita Resources Inc. vor, und bietet den Cruz-Aktionären kostenlose Aktien an, wobei das Datum der Anmeldung bald bekannt gegeben wird.
- Cruz's Clayton Valley Lithium Brine Project is strategically located, surrounded by SLB's successful lithium extraction site
- Neighboring company SLB achieved 96% lithium recovery rate, potentially increasing the value of nearby properties
- Upcoming spin-out of Hector Project into Makenita Resources Inc. offers additional value to Cruz shareholders
- Success of neighboring properties does not guarantee similar results for Cruz's project
- The company cautions that past results on nearby properties may not indicate mineralization on Cruz's properties
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2024) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") is pleased to announce recent developments by our neighbors within the Clayton Valley, Nevada. On September 10, 2024, SLB (formerly Schumberger) announced that "… it has proven its solution for sustainable lithium production at scale at its demonstration plant in Clayton Valley, Nevada, to accelerate responsibly-sourced lithium products to market. The proprietary integrated solution combines SLB's subsurface expertise with surface engineering of advanced technologies that include direct lithium extraction (DLE). It produces lithium 500 times faster than conventional methods while using only 10 percent of the land. Operating at approximately one tenth the size of a commercial-scale facility, the plant reached a verified recovery rate1 of
James Nelson, President of Cruz states, "We wish to congratulate SLB & Pure Energy on their recent success, and we foresee this as a potential catalyst that can draw the attention of the lithium world back to Clayton Valley for years to come. The fact that SLB has been able to achieve scalable lithium production at a much more efficient rate and at such a high purity is a game changer in terms of the potential production expansion ahead for the Clayton Valley of Nevada and its stakeholders." Cruz President James Nelson went on to say, "The upcoming spin-out of the Hector Project into its own public company (announced Aug. 1 & Sept. 6, 2024) presents an exciting time for current and future Cruz shareholders of record. Cruz shareholders of record will receive free shares of Makenita Resources Inc. and still maintain full ownership of their Cruz shares as well. In order to receive the Makenita shares you must be a shareholder of record of Cruz. This record date is expected to be announced shortly. This is truly a win-win for Cruz shareholders of record."
Cruz Battery Metals Ownership Map
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About Cruz Battery Metals Corp.
Cruz currently has several projects located throughout North America. Cruz's Nevada lithium projects consist of the 4,938-acre 'Solar Lithium Project' and the 240-acre 'Clayton Valley Lithium Project'. Cruz's 5.542-acre Hector Property is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver and diamonds. In the USA, Cruz's 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
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including whether or not the Company will proceed with the Spin-Out as currently proposed or at all, the anticipated timeline of the Spin-Out, the expected terms and structure of the Spin-Out and the parties' ability to satisfy closing conditions and receive necessary approvals and the belief that the Spin-Out will provide value as a stand-alone asset. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements such as the inability to obtain regulatory, Court or shareholder approval, the inability of Cruz or SpinCo to finance growth and transactions expenses, and other risks as set out in the Company's periodic disclosure documents available on SEDAR+. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Spin-Out will occur or that, if the Spin-Out does occur, it will be completed on the terms described above. The Company does not assume any responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223178
FAQ
What is the lithium recovery rate achieved by SLB in Clayton Valley, Nevada?
How does Cruz Battery Metals' (BKTPF) project relate to SLB's successful lithium extraction site?
What is the upcoming spin-out project announced by Cruz Battery Metals (BKTPF)?
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