Cruz Cobalt Joins the Clayton Valley Lithium Advisory Committee
Cruz Cobalt Corp.
Suite 1470 – 701 West Georgia Street
Vancouver, BC V7Y 1C6
Cruz Cobalt Joins the Clayton Valley Lithium Advisory Committee
January 14, 2021 – Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF)
(FSE: A2DMG8) (“Cruz” or the “Company”) is pleased to announce that the
Company has joined the Clayton Valley Lithium Advisory Committee (the
“CVLAC”). The CVLAC is open to, and consists of, individuals and companies that
each have a vested interest in the development of lithium assets within the Clayton
Valley of Nevada. The vision of the CVLAC is the collaboration of its members
towards development, data, possible mergers and acquisitions and all relevant
dealings within the Clayton Valley regarding lithium. For more information, please
visit cvlac.biz
Jim Nelson, President of Cruz states, “We are excited to join the CVLAC at a time
when the spotlight on lithium companies in Nevada has never shined brighter .
Recent developments have fueled a resurgence in sentiment towards lithium in
Nevada and we want to remind our shareholders, and the market in general, that
Cruz maintains a footprint in the Clayton Valley and is one of the few companies
that has access to the deepest parts of the only lithium brine basin in production in
North America (see map below). On January 7th, 2021, Albemarle Corp (ALB—
NYSE) announced their plan to ‘expand capacity at the company's lithium
production facility at Silver Peak in Clayton Valley, Nevada.’ In addition, Tesla’s
Elon Musk had recently expressed interest in acquiring Nevada lithium projects.
Cruz is very encouraged by the renewed focus on lithium in Nevada as well as cobalt
prices at a year high which has the global electric vehicle market seeing exponential
growth. We also still have approximately $1.5 million in the treasury which enables
the Company to be nimble. Management is confident that 2021 will be a
transformative year for Cruz."
The company has granted an aggregate of four million stock options to certain
directors, officers and consultants of the company in accordance with the company's
stock option plan. The options have an exercise price of seven cents and are
exercisable for a period of one year from the date of grant.
Management cautions that past results or discoveries on properties in proximity to
Cruz may not necessarily be indicative to the presence of mineralization on the
Company’s properties.
If you would like to be added to Cruz's news distribution list, please send your email
address to [email protected]
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
W: www.cruzcobaltcorp.com
Twitter: @CruzCobalt
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.