CBLT Announces Reexamined Assay Results from Shatford Lake FOR Tantalum, Rubidium and Gallium
CBLT ANNOUNCES REEXAMINED ASSAY RESULTS FROM SHATFORD
LAKE FOR TANTALUM, RUBIDIUM AND GALLIUM
(Burlington, ON. July 28, 2025) CBLT Inc. (CBLT: TSX-V) (“CBLT”) is pleased to announce a
review of the assay results from samples taken at Shatford Lake in October , 2022. The initial
results were disclosed in a news release dated February 13, 2023.
One of the elements under additional review was gallium, which is used in the semiconductor
industry, in the solar cell industry, and in smartphones, WiFi and Bluetooth components. There is
no substitute for gallium. Gallium appears on the critical minerals list for Canada, for the United
States Geological Survey, and for the European Union.
Geopolitical events impact the availability of chemical elements throughout the periodic table.
China dominates global gallium production, producing roughly 90 – 95% of the world’s supply .
Since CBLT’s news release of February 13, 2023, China has imposed an embargo on the export
of gallium, which has shown how fragile the global supply chain for gallium is. This has stimulated
renewed interest in it outside of China.
The table below highlights the gallium values in the October, 2022 samples:
These October, 2022 samples were taken from p egmatite occurrences . The additional review
shows anomalous gallium, as well as anomalous tantalum and rubidium, with local anomalous
lithium in affiliation with tin bearing pegmatites . CBLT is highly encouraged by these multi-
element anomalies, which management believes to be indicative of a LCT-type pegmatite.
Shatford Lake and the general pegmatite area are located in the Bird River Pegmati te Field in
Manitoba, three kilometers south-southwest of the Tanco Mine. CBLT recognizes the significance
and importance of Sagkeeng First Nation’s Traditional Land Rights in the area, and openly
welcomes continued engagement with the Sagkeeng Chief and C ouncil. CBLT has collaborated
with the Province of Manitoba’s Agriculture and Resource Development and the University of
Manitoba to coordinate other geoscientific assistance, with assistance procured from a Ph.D. level
program graduate. Sample collection and analysis for this review was completed by the Qualified
Person for the February 13, 2023 release, David Owens, P. Geo.
Location of Shatford Lake and proximity to Tanco Mine
The purpose of the 2022 exploration program was to obtain modern -day assay analyses of the
pegmatites and to ground proof the pegmatite locations using prospecting and geological
techniques specialized for discovering potential lithium-cesium-tantalum bearing pegmatites (LCT
Pegmatites). Given the proximity to the Tanco Mine and other LCT occurrences in the region,
management believes there is a reasonable potential of a significant LCT occurrence in the
Shatford Lake project area. The gallium in the samples supports this thesis. If enough LCT
potential is discovered, a shallow drilling program may be generated.
Sample Locations
The sampling program was last conducted October 10, 2022 with twelve samples collected from
a single large exposed shoreline outcrop located less than 100 meters west of an anomalous area
sampled in August, 2022. This outcrop was targeted for higher density sampling as it is visibly on
strike with the shoreline pegmatite sampled previously in August, 2022.
A review of an east-west striking pegmatite in the outcrop on the southeast shore of Shatford Lake
that was prospected, mapped and sampled contains anomalous gallium up to 400 meters in strike
length. This pegmatite is open to the east and west of the sampled locations . The pegmatite is a
minimum 30 meters wide from the shoreline to its exposed southern contact . The northern
geological contact occurs somewhere underneath the lake. The pegmatite contains cassiterite,
beryl, and trace columbite mineralization , as well as spectacular mica series mineralization from
black biotite to phlogopite, chrome mica to spectacular muscovite series. Columbite mineralization
is a key mineral containing significant elemental niobium and tantalum.
Evolved pegmatite units within the host mafic volcanic rocks appear to b e structurally oriented
similar to the Tanco pegmatite.
With its relative evolved chemical series, structural emplacement, and proximity to the Tanco
Mine, the pegmatite at the southeast end of Shatford Lake warrants further exploration for potential
LCT series on CBLT’s claims.
The proximity to the Tanco Mine is imp ortant to CBLT. The Tanco Mine hosts an LCT -type
pegmatite, producing cesium and tantalum. Lithium, beryllium and rubidium have previously been
produced. The Tanco pegmatite has dimensions of 820m by 1,600m and up to 100m thick, and
over 100 minerals have been identified in it. It was reported by The Northern Miner in April, 2022
that lithium production had resumed at the Tanco. The Northern Miner is a credible source of
mining-related news; however, as the Tanco owner is a Chinese company, there is limited reliable
public information available.
It was estimated in 1991 that Tanco had lithium reserves of 7.3 million tonnes at 2.76% Li2O
(GSWA Mining Bulletin No. 22 , page 66). This is a historical third -party estimate and CBLT has
no information as to the methodology used to calculate this estimate or whether it was carried out
under the supervision of a Qualified Person, as that term is defined in NI43-101. Readers are
cautioned not to rely upon this estimate.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that constitute forward -looking statements as they relate to CBLT and
its management. Forward-looking statements are not historical facts but repre sent management's current expectation
of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects",
"anticipates", "estimates", “should”, "continues" and similar expressions. Although management beli eves that the
expectations represented in such forward -looking statements are reasonable, there can be no assurance that they will
prove to be correct or will come to pass.
By their nature, forward -looking statements include assumptions and are subject to inherent risks and uncertainties
that could cause actual future results, conditions, actions or events to differ materially from those in the forward -
looking statements. If and when forward-looking statements are set out in this new release, CBLT will also set out the
material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by
applicable securities laws, CBLT assumes no obligation to update or revise any forward -looking statements. The
future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited
to; SARS-CoV-2; reliance on key personnel; the performance of the Ciscom Corp. leadership team; shareholder and
regulatory approvals; the ability of Po werstone’s team to receive a receipt for its prospectus and to achieve a listing
of its common shares on a Canadian stock exchange; First Nations and other local communities; jurisdictional risk;
risks of future legal proceedings; income tax matters; avail ability and terms of financing; distribution of securities;
commodities pricing; environmental issues; forest fires and other natural phenomena; rising costs related to inflation;
effect of market interest on price of securities; failing to identify an economically viable mineral deposit; and, potential
dilution.
CBLT’s operations could be significantly adversely affected by the effects of a widespread global outbreak of a
contagious disease, including the recent outbreak of illness caused by COVID -19. It is not possible to accurately
predict the impact COVID -19 will have on operations and the ability of others to meet their obligations, including
uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duratio n of the
outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In
addition, a significant outbreak of contagious diseases in the human population could result in a widespread health
crisis that could a dversely affect the economies and financial markets of many countries, resulting in an economic
downturn that could further affect operations and the ability to finance its operations.