RETRANSMISSION: 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 100%-owned Hector Silver-Cobalt Project in Ontario. This engagement comes as silver prices surge in 2024. The project spans 5,542 acres in a historic silver-cobalt producing region. Cruz has over $1.5 million in cash reserves, sufficient to fund planned 2024 work programs and marketing initiatives. The company aims to ramp up activities on its Solar Lithium Project in Nevada as well. The technical details of the release were reviewed by Frank Bain, PGeo, a qualified person under National Instrument 43-101. Cruz Management notes that historical results from nearby properties may not indicate similar outcomes for their projects.

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• None.

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• The PR does not provide specific new results or discoveries.
• Historical results of nearby properties may not indicate similar outcomes for Cruz's properties, implying potential risks.

Vancouver, British Columbia--(Newsfile Corp. - June 20, 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/213666

FAQ

What recent steps has Cruz Battery Metals taken regarding their Hector Silver-Cobalt Project?

Cruz Battery Metals has engaged APEX Geoscience to update their 43-101 Technical Report for the Hector Silver-Cobalt Project.

Why is Cruz Battery Metals updating their 43-101 Technical Report?

Cruz Battery Metals is updating their 43-101 Technical Report due to the surge in silver prices in 2024 and to prepare for upcoming work programs.

How large is Cruz's Hector Silver-Cobalt Project?

Cruz's Hector Silver-Cobalt Project spans 5,542 acres.

What is the financial status of Cruz Battery Metals for their 2024 programs?

Cruz Battery Metals has over $1.5 million in cash reserves, sufficient to fund their planned 2024 work programs and marketing initiatives.

What other projects is Cruz Battery Metals planning to work on in 2024?

Cruz Battery Metals plans to formulate plans for their Solar Lithium Project in Nevada in addition to the Hector Silver-Cobalt Project.

Who reviewed the technical contents of Cruz's recent press release?

Frank Bain, PGeo, a qualified person under National Instrument 43-101, reviewed the technical contents of the release.

What caution does Cruz Battery Metals provide about their properties?

Cruz Management cautions that past results or discoveries on nearby properties may not necessarily indicate the presence of mineralization on Cruz's properties.