Cruz Battery Metals Corp. is pleased to announce that it has engaged Stantec Consulting Ltd. to complete a Maiden Resource Estimate and Technical Report for the Solar Lithium Project in Clayton Valley, Nevada. The Technical Report will be prepared in accordance with the requirements of National Instrument 43-101. The Stantec qualified person (Derek Loveday, PGeo) has direct experience in the Tonopah area, which includes visiting Albemarle Corp.’s Silver Peak mine, visiting ioneer Ltd.’s Rhyolite Ridge lithium-boron project, and completing a resource estimate and Technical Report for American Lithium Corp. on the TLC lithium project.
Throughout the first 4 phases of drilling, Cruz has discovered lithium in all 14 drill holes on the 100-percent owned, 4,938-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.’s TLC lithium project.
According to American Lithium Corp.’s website, “In February 2025, the American Lithium Corp. announced an updated Mineral Resource Estimate that significantly increased the contained lithium resources for the TLC project.
“This MRE was completed as part of the process of compiling the maiden preliminary economic assessment and was incorporated into the Mine Plan within the maiden PEA, which was released on February 1st, 2023. TLC currently hosts 6.17Mt lithium carbonate equivalent (LCE) measured resources, 2.39Mt LCE indicated resources and 1.44Mt LCE inferred resources.”
James Nelson, President of Cruz Battery Metals, stated: “Lithium prices are currently at 2-year highs and are now up over 100% since June 2025, according to tradingeconomics.com.
“Attention towards domestic lithium seems to have renewed since President Trump agreed to take a stake in Lithium Americas Thacker Pass Lithium Mine in Nevada, announced by Reuters (3) on October 1, 2025. With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to proceed with producing a Maiden Resource Estimate on the Solar Lithium Project. The Company is very optimistic about the growth prospects for the remainder of 2026 and beyond as we become more active than we’ve been in years.”
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