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ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
Financings

Cruz Battery Metals Announces Private Placement to Fund Work Programs on its Nevada & Ontario Projects

By The Northwire Desk — AI Analysis Oct 23, 2025 · 14:24 CRUZ · 0.04 Cruz Battery Metals Corp.
CRUZ · Price

Executive Summary

  • Cruz Battery Metals Corp. announced a private placement to raise up to $500,000 for working capital and development of its Nevada lithium projects and Ontario gold/copper project.
  • The offering consists of up to 15,337,423 units at $0.0326 per unit, each unit containing one common share and one transferable warrant (exercisable at $0.05 per share for five years).
  • Proceeds will fund the Solar Lithium Project work program aimed at a maiden resource estimate in H1 2026 and preliminary work on the newly acquired Sterling South Gold/Copper Project.

Key Details

  • Units Offered: Up to 15,337,423 units (each = 1 common share + 1 warrant).
  • Pricing: $0.0326 per unit; gross proceeds up to $500,000.
  • Warrant Terms: Each warrant allows purchase of one additional share at $0.05 per share, exercisable until 5:00 p.m. Vancouver time, five years after closing.
  • Statutory Hold Period: Securities subject to a hold period expiring four months and one day post‑closing.
  • Use of Proceeds: General working capital; specifically to fund drilling/work programs on the Solar Lithium Project (Nevada) and preliminary work on the Sterling South Gold/Copper Project (Ontario).
  • Finder’s Fees: May be paid to eligible finders in connection with the financing.
  • Exemptions Utilized: Private placement relies on standard prospectus exemptions plus BC Instrument 45‑536 “Investment Dealer Exemption.”
  • Compliance Statements: No material fact or change undisclosed; securities not registered under U.S. law and not offered in the United States.

Notable Quotes

“Domestic lithium attention seems to have renewed since the U.S. government has agreed to take a stake in Lithium Americas Thacker Pass Lithium Mine… management feels this is an opportune time to proceed with a work program on the Solar Lithium Project, directly bordering American Lithium Corp., with the goal of producing a Maiden Resource Estimate in the first half of 2026.” – James Nelson, President & CEO

Materiality Assessment: Material – Positive (the financing provides significant capital for upcoming resource development and expansion activities).

Read the original news release →

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RETRANSMISSION: Cruz Battery Metals Engages Stantec for Maiden Resource Estimate and Technical Report on the Solar Lithium Project in Nevada, Directly Bordering American Lithium

Resource Estimate