Business
Cruz Battery Metals Announces Maiden Mineral Resource Estimate on its Solar Lithium Project in Big Smokey Valley, Nevada
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTCID: BKTPF) (FSE: A40YSN) ("Cruz" or the "Company") ha
About this update from Cruz Battery Metals Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTCID: BKTPF) (FSE: A40YSN) (\"Cruz\" or the \"Company\") has received its maiden mineral resource estimate for the 100-per-cent-owned Cruz Solar Lithium Clay Deposit in Big Smokey Valley north of Tonopah, Nevada. Using a 300 ppm Li cutoff, the MRE is 50 Mt @ 608 ppm Li for 161,000 indicated tonnes of lithium carbonate equivalent (LCE) and 183 Mt @ 539 ppm Li for 525,000 inferred tonnes of LCE. James Nelson, President of Cruz Battery Metals stated, \"We appreciate Stantec, a world leader in the industry, preparing our Technical Report and mineral resource estimate for the Solar lithium project in Nevada. Using the 300 ppm Li cut-off, the MRE is 50 Mt @ 608 ppm Li for 161,000 indicated tonnes of lithium carbonate equivalent (LCE) and 183 Mt @ 539 ppm Li for 525,000 inferred tonnes of LCE.\" Table 1. Lithium Resource Estimates - Metric Units Cutoff Volume Tonnes Li Thousand Tonnes (Kt) Li (ppm) (Km3) (Kt) (ppm) Li Li2CO3 LiOH.H20 Indicated 300 29,197 49,635 608 30 161 183 400 25,223 42,879 649 28 148 168 500 20,375 34,638 697 24 128 146 600 14,550 24,735 756 19 99 113 700 9,227 15,686 818 13 68 78 800 5,002 8,503 876 7 40 45 Inferred 300 107,667 183,034 539 99 525 597 400 87,662 149,025 583 87 462 526 500 60,768 103,306 641 66 352 401 600 33,260 56,542 716 40 215 245 700 17,208 29,254 772 23 120 137 800 4,720 8,024 856 7 37 42 CIM definitions are followed for classification of Mineral Resource. Mineral Resource surface pit extent has been estimated using a lithium carbonate price of US21,000 US$/tonne and mining cost of US$3.25/tonne for waste, a total processing of US$50.5/tonne, a lithium recovery of 90%, fixed density of 1.70 g/cm3 (1.43 tons/yd3) and 500 ppm cut-off grade. Conversions: 1 metric tonne = 1.102 short tons, metric m3 = 1.308 yd3, Li2CO3:Li ratio = 5.32, LiOH.H2O:Li ratio = 6.05 Totals may not represent the sum of the parts due to rounding. The Mineral Resource estimate has been prepared by Joan Kester, PG of Stantec Consulting Services Inc. in conformity with CIM \"Estimation of Mineral Resource and Mineral Reserves Best Practices\" guidelines and are reported in accordance with the Canadian Securities Administrators NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated ec...