Cruz Cobalt Corp.: Clayton Valley Lithium Update
(firmenpresse) - June 14, 2021 - Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) (Cruz or the Company) is pleased to provide an update on developments in the Clayton Valley. Recently (June 10, 2021), Schlumberger (SLB - NYSE) and Panasonic Energy of North America announced a collaboration agreement to optimize and validate a lithium extraction and production process to be used by Schlumberger New Energy at its NeoLith Energy pilot plant in the Clayton Valley using Pure Energys land. Cruz lies directly in the deepest part of this basin that this work is being conducted (see map). According to Schlumbergers news Neolith Energys objective will be to pump brine from the subsurface, extract greater than 90% of the dissolved lithium, and pump more than 85% of the brine back to the subsurface in an environmentally safe manner. In addition to maximizing the reinjection of the brine, the goal is to eliminate the need for any fresh water from an external source and reduce the environmental impact.
https://www.irw-press.at/prcom/images/messages/2021/58960/NR-CRUZ-June142021Clayton_PRcom.001.jpeg
Jim Nelson, President of Cruz states, We are pleased to have some of the largest energy and battery companies in the world take this project to the next level. Cruz is one of the very few companies that have land and access to the deepest part of this brine basin. The development of their pilot project will cost approximately USD 30 million. The expected surge in demand for lithium as the electric vehicle (EV) market takes off worldwide is immense and Cruz is geared for a busy summer working on our EV projects. We are well positioned and fully financed to work on projects in the cobalt camp of Ontario, the lithium brine basin in Clayton Valley as well as our cobalt project in Idaho.
Cruzs Ontario Silver-Cobalt Properties
https://www.irw-press.at/prcom/images/messages/2021/58960/NR-CRUZ-June142021Clayton_PRcom.002.png
About Cruz Cobalt
Cruz currently has twelve projects located throughout North America, comprising five in Ontario, four in British Columbia, two in Idaho, and one in Nevada. Cruzs five separate Ontario projects are all located in the vicinity of the town of Cobalt, making Cruz one of the largest landholders in this historic silver-cobalt producing district. Cruzs Ontario projects, which are prospective for Cobalt, diamonds and silver include the 1,525-acre Coleman cobalt project, the 988-acre Johnson cobalt project, the 6,146-acre Hector cobalt project, the 1,458-acre Bucke cobalt project and the 1,453-acre Lorraine cobalt project. The companys BC projects include the 1,542-acre War Eagle cobalt project, the 2,552-acre Larry diamond project, the 5,572-acre Jax diamond project, and the 1,529-acre Mark diamond project. Cruzs USA projects include the 2,211-acre Idaho Cobalt Belt Project, the and the 80-acre Idaho Star Cobalt Prospect, and the 240-acre Clayton Valley Lithium Prospect in Nevada. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Companys properties.
If you would like to be added to Cruz''s news distribution list, please send your email address to info(at)cruzcobaltcorp.com
Cruz Cobalt Corp.
James Nelson
James Nelson
President, Chief Executive Officer, Secretary and Director
For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
E: info(at)cruzcobaltcorp.com
W: www.cruzcobaltcorp.com
Twitter: (at)CruzCobalt
Cruz Cobalt Corp.
Suite 2905 - 700 West Georgia Street
Vancouver, BC V7Y 1C6
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Capital Markets Media Inc.: XPhyto: Proof of Concept for Mescalin Synthesis 
Datum: 14.06.2021 - 03:02 Uhr
Sprache: Deutsch
News-ID 1568110
Anzahl Zeichen: 3643
contact information:
Contact person:
Town:
Wien
Phone:
Kategorie:
Business News
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 201 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cruz Cobalt Corp.: Clayton Valley Lithium Update
"
steht unter der journalistisch-redaktionellen Verantwortung von
Cruz Cobalt Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
