Cruz Battery Metals Corp. C.CRUZ

Cruz News if anyone is interested!!

[Bentley2000]

 

 

CRUZ--CSE

BKTPF--USA

A3CWU7--WKN

 

 

Cruz Neighbour in Nevada Rated Outperform Today

 

 

Today, there was a report (below) stating that the Cruz's neighbour in Nevada for lithium was just rated an outperform. Cruz has had 4 successful drill programs to date with the 5th phase expected to start shortly. Cruz has over 1.5 million in cash and has marketing planned to coincide with the expected news flow that should increase in the second half of 2024. Management is very optimistic about the second half of 2024.     The Globe and Mail reports in its Friday, June 7, edition that National Bank analyst Mohamed Sidibe has commenced coverage on American Lithium with an "outperform" recommendation and $1.50 share target. The Globe's David Leeder writes that analysts on average target American Lithium shares at $5.59. Mr. Sidibe says in a note: "We view American Lithium as a discounted explorer and developer with longer-term rerating potential as the company advances its portfolio through permitting, economic studies and construction. Additionally, with the uranium market picking back pace since the summer of 2023, when the spinout of the Macusani uranium project was deferred, we see the potential to daylight more value from the non-core asset in the portfolio. We ascribe the current discount on the stock, which is currently trading at 0.50 times P/NAV and $7 EV/t LCE vs. peers at 0.82 times and $223/t LCE, respectively, to be driven by the overhang of the deferred uranium spinout, uncertainty around project permitting and financing and the legal dispute over the Falchani and Macusani concessions. ... Our valuation points to an attractive return to target that could further be bolstered as management executes on upcoming catalysts."       About CRUZ:     Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") wishes to announce that the drill results have been received from the phase-4 drill program on the 100-percent owned, 8,135-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.'s TLC project (See map below). Three Reverse Circulation (RC) drill holes from the phase-4 drill program were submitted for assaying; all three drill holes discovered the presence of lithium. Solar-13, the farthest North RC hole, had a high value of 1,050 parts-per-million lithium (ppm Li), including 626 ppm Li over 130 feet. Solar-11 had a high value of 950 ppm Li, including 612 ppm Li over 60 feet. Solar-10, Cruz's Southernmost drill hole, located immediately North of the American Lithium Claim boundary, had a high of 1,060 ppm Li, including 476 ppm Li over 70 feet.

 

 

 

 

The ‘Solar Lithium Project’ directly borders American Lithium Corp.’s (AMLI - Nasdaq, LI - TSX.v) TLC project. On January 17, 2023, American Lithium Corp. announced a resource estimate, in an independent National Instrument 43-101 titled “Technical Report TLC Property” prepared by Stantec Consulting Ltd., for the TLC lithium claystone property containing 8.83 million tonnes lithium carbonate equivalent (LCE) measured & indicated with another 1.86 million tonnes LCE inferred. 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.

 

 

Qualified Person   The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101.   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 6,146-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 [e-mail].   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: [e-mail] 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.

 

 

RECENT NEWS

 

 

Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") wishes to announce that the drill results have been received from the phase-4 drill program on the 100-percent owned, 8,135-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.'s TLC project (See map below). Three Reverse Circulation (RC) drill holes from the phase-4 drill program were submitted for assaying; all three drill holes discovered the presence of lithium. Solar-13, the farthest North RC hole, had a high value of 1,050 parts-per-million lithium (ppm Li), including 626 ppm Li over 130 feet. Solar-11 had a high value of 950 ppm Li, including 612 ppm Li over 60 feet. Solar-10, Cruz's Southernmost drill hole, located immediately North of the American Lithium Claim boundary, had a high of 1,060 ppm Li, including 476 ppm Li over 70 feet.

 

[dothemathpeople]

Except it ain't.  AGAIN.  It is news from their neighbours. A rerelease of someone elses progress. Meanwhile at CRUZ, nothing doing.  Unles cruz owns stock in this company? LMAO.