- Cruz Battery Metals (CRUZ) has expanded its Solar Lithium Project in Nevada by 885 contiguous acres
- The project borders American Lithium’s (LI) Tonopah Lithium Claims, which contain 5.37 Mt of lithium carbonate equivalent measured and indicated with another 1.76 Mt inferred
- The company will drill the 6,215-acre project imminently to test high-grade target areas
- Cruz Battery Metals acquires and develops high-grade metals projects for the rechargeable battery and renewable energy sectors
- Cruz Battery Metals (CRUZ) is up by 33.33 per cent and is currently trading at $0.26 per share
Cruz Battery Metals (CRUZ) has expanded its Solar Lithium Project in Nevada by 885 contiguous acres.
The project, which now encompasses 6,215 acres, was expanded based on company data gathered on the property.
Solar Lithium borders American Lithium’s (LI) Tonopah Lithium Claims, which contain 5.37 Mt of lithium carbonate equivalent measured and indicated with another 1.76 Mt inferred.
Results from Cruz’s recent sampling program at Solar included values as high as 1,610 parts per million lithium.
The company has secured a drilling permit for the project and will soon commence drilling to test high-grade target areas based on its sampling program. The news comes as lithium prices have reached all-time highs amid robust investor interest in Nevada lithium stocks.
Jim Nelson, President of Cruz Battery Metals, stated,
“We are pleased to strategically add to the Solar Lithium Project acreage. This region of Nevada is receiving a large global focus as lithium prices are continuing to move to all-time highs on the backs of the demand from the EV car companies such as Tesla, Nio, Ford, Volkswagen and General Motors.
As all major car companies ramp up their EV production, battery metals such as lithium and cobalt are experiencing large demand pressure that shows little signs of abating. We expect to be drilling right near the border of American Lithium Corp.’s TLC deposit and management is very optimistic about the drill program.”
Cruz Battery Metals acquires and develops high-grade metals projects for the rechargeable battery and renewable energy sectors.
Cruz Battery Metals (CRUZ) is up by 33.33 per cent and is currently trading at $0.26 per share as of 12:11 pm ET.
