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RETRANSMISSION: Cruz Battery Metals Board Approves Strategic Diversification into Crypto Assets
Newsfile· 2025-07-23 07:01
Core Viewpoint - Cruz Battery Metals Corp. has approved a strategic initiative to diversify a portion of its free cash into select crypto assets, aiming to enhance shareholder value and align with emerging global trends [1][2][3]. Group 1: Strategic Initiative - The decision to invest in crypto assets is part of Cruz's commitment to exploring innovative investment avenues while maintaining its core focus on battery metals exploration, particularly lithium and cobalt [2][3]. - This diversification strategy is intended to strengthen the company's balance sheet by gaining exposure to digital assets with long-term growth potential [2][3]. Group 2: Management Commentary - The President of Cruz Battery Metals stated that this strategic step reflects a proactive approach to capital management, presenting an additional opportunity to enhance shareholder value alongside core operations [3]. - The crypto market has seen renewed momentum, and companies in this space have demonstrated strong investor interest, which supports Cruz's decision to diversify [3]. Group 3: Core Operations - Cruz's primary business remains focused on advancing its U.S.-based battery metals projects, including the 4,938-acre Solar Lithium Project, Clayton Valley lithium brine assets, and Idaho Cobalt Belt Project [3][4]. - The company will continue to evaluate all investment opportunities prudently, with the goal of sustainable, long-term growth [3].
Spark Fast-Tracks Drill Planning as Fieldwork Uncovers Lithium-Rich Pegmatites at Cruzeta and Córrego do Maquém
Newsfile· 2025-07-15 07:05
Core Insights - Spark Energy Minerals Inc. is accelerating exploration at its Arapaima Project in Brazil's Lithium Valley, focusing on lithium-rich pegmatites and drill targets [1][17] - The company plans to initiate its first diamond drilling program in Q3 2025, targeting Cruzeta, Córrego do Maquém, and Água Branca [14] Exploration Progress - Positive lithium assay results were released on June 20, 2025, with Cruzeta showing 3,712 ppm lithium-in-rock and Água Branca showing 118 ppm lithium in stream sediments, prompting increased geological efforts [2] - The Córrego do Maquém target has been identified as a key focus, with recent drone reconnaissance revealing openings from abandoned mining galleries for further investigation [4] Drilling Preparation - The company is refining drill collars and preparing for the upcoming drilling campaign, with significant progress in mapping pegmatite bodies at both Cruzeta and Córrego do Maquém [3][6] - Sediment sampling is ongoing to validate the broader target footprint, confirming persistent lithium pathfinders across key sub-basins [10] Future Outlook - The upcoming diamond drilling program represents a major milestone in unlocking the lithium and rare earth potential of the company's 91,900-hectare land package in Brazil [14][17]
AMERICAN SALARS COMPLETES SAMPLING AT BRAZILIAN LCT PEGMATITE PROJECT
Globenewswire· 2025-06-17 12:30
Core Viewpoint - American Salars Lithium Inc. has completed a second sampling program at its Jaguaribe Project in Brazil, which covers 18,083 hectares and includes lithium, rare earth elements, and critical minerals [1][2]. Group 1: Project Overview - The Jaguaribe Project is located in the Ceará state of Brazil and features extensive lithium and rare earth element-bearing pegmatite dykes [2]. - Initial Phase 1 sampling returned lithium oxide (Li2O) grades of up to 3.72%, along with cesium (554.5 ppm), tantalum (135 ppm), and niobium (177 ppm) [2]. - The project area has historical artisanal mining sites previously mined for lithium, tantalum, and tin, indicating a favorable geological setting for exploration [4]. Group 2: Sampling and Analysis - Fourteen pegmatites were identified and sampled during the latest program, with samples sent for advanced multi-element analysis covering 56 elements [3][11]. - The samples are being analyzed using the ICP OES/ICP-MS method, with over-limit values to be further analyzed by the ICP OES ICP 90A method [3]. Group 3: Geological Characteristics - The pegmatites vary in width from 0.5 m to 15 m and exhibit consistent directional trends, suggesting potential for significant mineralization [5]. - The topography and land use at the Jaguaribe Property are conducive to exploration activities, characterized by arid farmland and no rain forest [4]. Group 4: Future Plans - Phase 2 sampling will target additional LCT pegmatite locations to further assess the project's potential [4]. - The company is optimistic about the results from the advanced analysis and the overall potential of the Jaguaribe region [3].