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Cruz Battery Metals Corp. (CRUZ: CSE) (OTCID: BKTPF) (WKN: A40YSN) (“Cruz” or the “Firm”) is happy to announce that, additional to its information launch dated October 23, 2025, it has accomplished its personal placement financing (the “Financing”), pursuant to which it issued an combination of 14,982,750 items (every, a “Unit”) at a worth of $0.0326 per Unit for combination gross proceeds of $488,438. Every Unit is comprised of 1 widespread share within the capital of the Firm (every, a “Share”) and one transferrable share buy warrant (every, a “Warrant”). Every Warrant entitles the holder thereof to accumulate one extra Share (every, a “Warrant Share”) at a worth of $0.05 per Warrant Share for a interval of 5 years from the closing of the Financing.
The Firm paid money finder’s charges of $26,210 and issued 744,000 non transferrable share buy warrants (the “Finder’s Warrants“) to sure finders as a finder’s payment in reference to the Financing. Every Finder’s Warrant entitles the holder thereof to accumulate one Share (every, a “Finder’s Warrant Share“) at a worth of $0.05 per Finder’s Warrant Share for a interval of two years from the closing of the Financing. All securities issued in reference to the Financing are topic to a statutory maintain interval expiring 4 months and sooner or later after the closing of the Financing.
Internet proceeds from the Financing are anticipated for use to fund work applications on the Firm’s Nevada lithium initiatives and the gold/copper undertaking in Ontario. All through the primary 4 phases of drilling, Cruz has found lithium in all 14 drill holes on the Photo voltaic Lithium Undertaking in Nevada, instantly bordering American Lithium Corp.
James Nelson, President of Cruz Battery Metals said, “Lithium costs are at present at yr highs, in response to tradingeconomics.com(1), and a focus in the direction of home lithium appears to have renewed since President Trump agreed to take a stake in Lithium Americas Thacker Cross Lithium Mine in Nevada, introduced by Reuters (2) on October 1, 2025. With the current resurgence of investor consideration again into the lithium sector, administration feels that is an opportune time to proceed with a piece program on the Photo voltaic Lithium Undertaking, instantly bordering American Lithium Corp., with the objective of manufacturing a Maiden Useful resource Estimate within the first half of 2026. As well as, funds from this financing will strengthen our working capital place, offering us with larger flexibility to plan preliminary work applications on the ‘Sterling South Gold/Copper Undertaking’ instantly bordering Sterling Metals Corp.’s current discovery in Ontario. The Firm could be very optimistic concerning the progress prospects for the rest of 2025 and past as we turn into extra energetic than we have been in years.”
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Not one of the securities issued have been registered below america Securities Act of 1933, as amended (the “1933 Act“), and none of them could also be provided or bought in america absent registration or an relevant exemption from the registration necessities of the 1933 Act. This information launch shall not represent a proposal to promote or a solicitation of a proposal to purchase nor shall there be any sale of the securities in any state the place such provide, solicitation, or sale can be illegal.
Certified Individual
The technical contents of this launch have been reviewed and authorized by Frank Bain, PGeo, a director of the Firm and certified particular person as outlined by Nationwide Instrument 43-101.
About Cruz Battery Metals Corp.
Cruz at present has a number of battery metals targeted initiatives situated within the USA. Cruz’s Nevada lithium initiatives encompass the 4,938-acre ‘Photo voltaic Lithium Undertaking’, the 240-acre ‘Clayton Valley Lithium Brine Undertaking’, and the lately acquired 580-acre ‘Central Clayton Valley Lithium Brine Undertaking’. Cruz’s ‘Sterling South Gold/Copper Undertaking’ in Ontario consists of 42 claims for about 2,500 acres. Cruz additionally has the 124-acre ‘Idaho Cobalt Belt Undertaking’. Administration cautions that previous outcomes or discoveries on properties in proximity to Cruz could not essentially be indicative of the presence of mineralization on the Firm’s properties.
If you want to be added to Cruz’s information distribution record, please ship your electronic mail deal with to information@cruzbatterymetals.com
Cruz Battery Metals Corp.
“James Nelson”
James Nelson
President, Chief Government Officer, Secretary and Director
Neither the CSE nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this launch.
https://tradingeconomics.com/commodity/lithium (1)
Not for distribution to United States newswire companies or for launch publication, distribution or dissemination instantly, or not directly, in entire or partially, in or into america.
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