Cruz Battery Metals Closes the Central Clayton Valley Lithium Brine Project Acquisition
Cruz Battery Metals (CSE: CRUZ) (OTC: BKTPF) has completed the acquisition of the 580-acre Central Clayton Valley Lithium Brine Project in Nevada, USA. The project consists of 29 claims surrounded by SLB's Clayton Valley lithium brine project, expanding Cruz's lithium brine footprint to 820 acres in the region.
The acquisition was completed through a purchase agreement with two arm's-length parties, requiring a cash payment of $115,000 for BLM fees and staking costs, along with the issuance of 7 million shares subject to a four-month hold period.
The announcement highlights positive EV market trends, noting that China's new energy vehicle sales exceeded 50% of passenger car sales, with a 52.3% penetration rate in November. Additionally, GM reported a 50% increase in EV sales for Q4 and a 125% increase for the year, becoming the second-largest EV seller in the U.S. during H2 2024.
Cruz Battery Metals (CSE: CRUZ) (OTC: BKTPF) ha completato l'acquisizione del Progetto di Litio da Salamoia di Central Clayton Valley di 580 acri in Nevada, USA. Il progetto consiste di 29 concessioni circondate dal progetto di salamoia di litio di SLB nel Clayton Valley, estendendo l'area di litio da salamoia di Cruz a 820 acri nella regione.
L'acquisizione è stata completata tramite un accordo di acquisto con due parti indipendenti, richiedendo un pagamento in contante di 115.000 $ per le spese BLM e i costi di staking, insieme all'emissione di 7 milioni di azioni soggette a un periodo di blocco di quattro mesi.
L'annuncio evidenzia le tendenze positive del mercato delle auto elettriche, segnalando che le vendite di veicoli a energia nuova in Cina hanno superato il 50% delle vendite di auto passeggeri, con un tasso di penetrazione del 52,3% a novembre. Inoltre, GM ha riportato un aumento del 50% delle vendite di veicoli elettrici per il Q4 e un aumento del 125% per l'anno, diventando il secondo maggiore venditore di veicoli elettrici negli Stati Uniti nella seconda metà del 2024.
Cruz Battery Metals (CSE: CRUZ) (OTC: BKTPF) ha completado la adquisición del Proyecto de Litio de Salmuera de Central Clayton Valley de 580 acres en Nevada, EE. UU. El proyecto consta de 29 reclamaciones rodeadas por el proyecto de salmuera de litio de SLB en el Clayton Valley, expandiendo la huella de salmuera de litio de Cruz a 820 acres en la región.
La adquisición se llevó a cabo a través de un acuerdo de compra con dos partes independientes, requiriendo un pago en efectivo de 115,000 $ para tarifas de BLM y costos de staking, junto con la emisión de 7 millones de acciones sujetas a un período de retención de cuatro meses.
El anuncio destaca las 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, con una tasa de penetración del 52.3% en noviembre. Además, GM reportó un aumento del 50% en las ventas de vehículos eléctricos para el cuarto trimestre y un aumento del 125% para el año, convirtiéndose en el segundo vendedor más grande de vehículos eléctricos en EE. UU. durante la segunda mitad de 2024.
Cruz Battery Metals (CSE: CRUZ) (OTC: BKTPF)는 미국 네바다주에 위치한 580 에이커 규모의 중앙 클레이튼 밸리 리튬 브라인 프로젝트 인수 완료를 발표했습니다. 이 프로젝트는 SLB의 클레이튼 밸리 리튬 브라인 프로젝트에 둘러싸인 29개의 권리를 포함하고 있으며, 크루즈의 리튬 브라인 면적을 이 지역에서 820 에이커로 확장합니다.
인수는 두 개의 독립적인 당사자와의 구매 계약을 통해 완료되었으며, BLM 수수료 및 스테이킹 비용을 포함하여 115,000달러의 현금 지불이 요구되었고, 700만 주의 주식 발행이 예정되어 있으며 4개월의 홀딩 기간이 있습니다.
이번 발표는 긍정적인 전기차 시장 동향을 강조하며, 중국의 신규 에너지 차량 판매가 승용차 판매의 50%를 초과하고, 11월에는 52.3%의 시장 점유율을 기록했다고 밝혔습니다. 또한 GM은 4분기 전기차 판매가 50% 증가하고, 연간으로는 125% 증가했다고 보고하며, 2024년 하반기 미국에서 두 번째로 큰 전기차 판매업체가 되었습니다.
Cruz Battery Metals (CSE: CRUZ) (OTC: BKTPF) a finalisé l'acquisition du Projet de Salmouille de Lithium de Central Clayton Valley de 580 acres au Nevada, États-Unis. Le projet se compose de 29 revendications entourées par le projet de salmouille de lithium de SLB, étendant l'empreinte de salmouille de lithium de Cruz à 820 acres dans la région.
L'acquisition a été réalisée par un accord d'achat avec deux parties autonomes, nécessitant un paiement en espèces de 115 000 $ pour les frais BLM et les coûts de staking, ainsi que l'émission de 7 millions d'actions soumises à une période de blocage de quatre mois.
L'annonce met en évidence les tendances positives du marché des véhicules électriques, notant que les ventes de véhicules à énergie nouvelle en Chine ont dépassé 50 % des ventes de voitures particulières, avec un taux de pénétration de 52,3 % en novembre. De plus, GM a signalé une augmentation de 50 % des ventes de véhicules électriques pour le Q4 et un augmentation de 125 % pour l'année, devenant le deuxième plus grand vendeur de véhicules électriques aux États-Unis au cours du deuxième semestre 2024.
Cruz Battery Metals (CSE: CRUZ) (OTC: BKTPF) hat den Erwerb des 580 Acres großen Central Clayton Valley Lithium Brine Projekts in Nevada, USA, abgeschlossen. Das Projekt besteht aus 29 Ansprüchen, die von SLBs Clayton Valley Lithium Brine Projekt umgeben sind und erweitert die Lithium-Brine-Fläche von Cruz in der Region auf 820 Acres.
Der Erwerb wurde durch einen Kaufvertrag mit zwei unabhängigen Parteien abgeschlossen, der eine Barzahlung von 115.000 $ für BLM-Gebühren und Staking-Kosten erforderte, sowie die Ausgabe von 7 Millionen Aktien, die einer viermonatigen Haltedauer unterliegen.
Die Ankündigung hebt positive Trends im EV-Markt hervor und weist darauf hin, dass die Verkäufe von Neuen Energiefahrzeugen in China über 50 % der Pkw-Verkäufe ausmachten, mit einer Durchdringungsrate von 52,3 % im November. Zudem berichtete GM von einem Anstieg der EV-Verkäufe um 50 % im Q4 und um 125 % im gesamten Jahr, wodurch das Unternehmen in der zweiten Hälfte von 2024 zum zweitgrößten Verkäufer von EVs in den USA wurde.
- Acquired 580-acre lithium brine project in strategic Clayton Valley location
- Total lithium brine footprint expanded to 820 acres
- Project surrounded by SLB's operational lithium extraction facility
- Located in area with proven lithium carbonate production capability
- Cash expenditure of $115,000 required for acquisition
- Share dilution through issuance of 7 million new shares
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A40YSN) (the "Company" or "Cruz") announces that further to its news release dated January 10, 2025, it has closed a purchase agreement with two arm's-length parties to acquire a
Clayton Valley Ownership Map
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James Nelson, President of Cruz, commented "We are pleased to close the acquisition of the 'Central Clayton Valley Lithium Brine Project' which has access to the deepest parts of the Clayton Valley lithium brine basin and are completely surrounded by SLB's (formerly Schlumberger) claims. We feel that the timing of this acquisition aligns well with a shift from ferociously negative sentiment around lithium and EV's over the last two years, towards a more positive outlook. The recent data clearly shows that EV sales are increasing and the momentum for EV sales globally is in fact strengthening, not weakening. We feel domestically sourced lithium projects in 2025 will garner significantly more market interest than the previous two years. Management is excited to enter a period of increased corporate activity in 2025 and the potential growth this year may bring for Cruz shareholders."
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
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 includes 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.
Pursuant to the terms of the purchase agreement, Cruz has acquired a one-hundred-percent interest in the 'Central Clayton Valley Lithium Brine Project', by paying one hundred fifteen thousand dollars in cash, which covers BLM fees and staking costs, and issuing seven million shares that carry a four-month hold.
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.
References:
https://www.cnbc.com/2025/01/02/chinas-electric-car-boom-is-increasingly-more-about-hybrids.html
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238004
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