Cruz Engages Apex Geoscience for the Hector Silver-Cobalt Project in Ontario

Rhea-AI Summary

Cruz Battery Metals has engaged Apex Geoscience to update the 43-101 Technical Report for its Hector Silver-Cobalt Project in Ontario. This project spans 5,542 acres in a historically rich silver-cobalt region. With silver prices rising in 2024, Cruz aims to capitalize on this trend. The company has over $1.5 million in cash reserves, sufficient to fund its 2024 work and marketing plans. This engagement is expected to enhance shareholder value and generate increased news flow in the latter half of 2024. The technical details were verified by a qualified person under National Instrument 43-101.

Positive

• Engagement with Apex Geoscience to update the 43-101 Technical Report.
• Project located in a historically rich silver-cobalt region of Cobalt, Ontario.
• Rising silver prices in 2024 could benefit the project.
• $1.5 million in cash reserves to fund 2024 work programs and marketing initiatives.
• Expected increased news flow and potential for enhancing shareholder value in the second half of 2024.

Negative

• No guarantee that past results or discoveries on nearby properties will be replicated on Cruz's properties.

Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") is pleased to announce that it has engaged APEX Geoscience Ltd., ("Apex") based out of Edmonton, Alberta to assist in updating the Company's 43-101 Technical Report on the 100%-owned 5,542-acre 'Hector Silver-Cobalt Project' located in the historic silver-cobalt producing region of Cobalt, Ontario.

Jim Nelson, President of Cruz Battery Metals stated, "We are pleased to have engaged Apex, who we have successfully worked with in the past, to update the 43-101 Technical Report on the Hector Project. Silver prices have been breaking out in 2024, so this is a great time to be updating our silver-cobalt projects, along with formulating plans for getting back to work on our Solar Lithium Project in Nevada. With over $1.5 million in the bank, we have more than enough cash on hand to carry out all the planned 2024 work programs and marketing initiatives. This will provide Cruz with an increased stream of news flow for the second half of 2024 and puts Cruz in a position towards building shareholder value."

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101. Cruz 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.

About Cruz Battery Metals Corp.

Cruz currently has several projects located throughout North America. Cruz's Nevada lithium projects consist of the 8,135-acre 'Solar Lithium Project' and the 240-acre 'Clayton Valley Lithium Project'. Cruz's 5,542-acre Hector cobalt project is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds. Cruz's Idaho projects include the 2,211-acre 'Idaho Cobalt Belt Project' and the 80-acre 'Idaho Star Cobalt 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

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213541

FAQ

What is the significance of Cruz engaging Apex Geoscience for the Hector Silver-Cobalt Project?

Cruz has engaged Apex Geoscience to update the 43-101 Technical Report, which is expected to enhance the project's value, especially with rising silver prices in 2024.

How much cash does Cruz Battery Metals have for its 2024 initiatives?

Cruz Battery Metals has over $1.5 million in cash reserves to carry out its 2024 work programs and marketing initiatives.

Why is the Hector Silver-Cobalt Project in Ontario important for Cruz?

The Hector Silver-Cobalt Project is important because it is located in a historically rich silver-cobalt region, and rising silver prices in 2024 could enhance its value.

What is the stock symbol for Cruz Battery Metals?

Cruz Battery Metals is traded under the stock symbol BKTPF on the OTC Pink market.

What are the potential risks mentioned in Cruz's press release regarding the Hector Silver-Cobalt Project?

The press release cautions that past results or discoveries on properties near Cruz's projects may not indicate similar findings on their own properties.