- Cruz Battery Metals (CRUZ) has expanded its drill-ready Solar Lithium Project in Nevada from 3,202 to 5,500 acres
- The project borders American Lithium’s Tonopah Lithium Project, which contains 5.37 Mt of lithium carbonate equivalent measured and indicated
- The company is applying for a drilling permit and will commence drilling as soon as possible
- Cruz Battery Metals acquires and develops high-grade cobalt projects for the rechargeable battery and renewable energy sectors
- Cruz Battery Metals (CRUZ) is up by 4.55 per cent and is currently trading at $0.115 per share
Cruz Battery Metals (CRUZ) has expanded its drill-ready Solar Lithium Project in Nevada from 3,202 to 5,500 acres.
The project lies in a world-class district for lithium production directly bordering American Lithium’s Tonopah Lithium Project, which, according to Stantec, currently contains 5.37 million tonnes of lithium carbonate equivalent measured and indicated with another 1.76 million tonnes inferred.
The company is hoping to capitalize on lithium prices having broken out to three-year highs while investor interest in lithium stocks continues to be robust.
It is applying for a drilling permit and will commence drilling as soon as possible.
Jim Nelson, President of Cruz Battery Metals, stated,
“We strongly believe that battery metals will continue to garner significant market attention as the demand for lithium-ion batteries continues to increase along with the explosive growth of the electric vehicle industry. Cruz currently has more than enough cash on hand to fund all of the planned 2021 drill programs and management is looking forward to commencing a fall drill program on the Solar Lithium Project as soon as possible.
Cruz’s other lithium project is located close by, in Clayton Valley, Nevada, representing one of the few companies that have access to the deepest parts of the only lithium brine basin in production in North America.
We are about to come into a major news flow cycle and management remains confident that 2021 will be a transformative year for the company as Cruz has multiple strategically located, and ethically sourced, lithium and cobalt projects in North America.”
Cruz Battery Metals acquires and develops high-grade cobalt projects for the rechargeable battery and renewable energy sectors.
Cruz Battery Metals (CRUZ) is up by 4.55 per cent and is currently trading at $0.115 per share as of 10:37 am ET.