Cruz Cobalt Corp. Significantly Increases Land Holdings in the Cobalt Region of Ontario

Feb 6, 2018

Cruz Cobalt Corp. (CUZ—TSXv, BKTPF—OTCBB, A2DMG8–FSE) is pleased to announce that the company has significantly increased its acreage in the Cobalt District of Ontario.  The new “Lorraine Cobalt Prospect” consists of 8,935 contiguous acres bordering First Cobalt Corp (FCC-TSX.v) in the direct vicinity of the town of Cobalt, Ontario.

Cruz President, James Nelson, stated, “This new acreage makes Cruz one of the single largest landholders behind First Cobalt Corp (FCC-TSX.v)  in the historic cobalt camp in Ontario.  This now gives Cruz 5 separate cobalt prospects in the region.  The Ontario cobalt district has become one of the global focal points for cobalt exploration and Cruz was positioned very early giving Cruz a first mover advantage and now is one of the single largest landholders in the region.  Cruz currently has more cash on hand than any other point and management is planning to deploy that cash strategically and efficiently in 2018.  The cobalt demand has never been more in focus as the world is moving towards full scale electric car adoption.  The demand for battery metals appears to be at the start of long term super cycle and Cruz is positioning itself early for this cycle.”

Recently (January 22, 2018) Cruz increased its acreage on the “Purcell Cobalt Prospect” from 671 acres to 11,821 acres, consolidating the previous two separate Purcell prospects into one much larger contiguous prospect. Also on January 16, 2018 Cruz increased its landholdings surrounding the War Eagle cobalt prospect in BC. Cruz now has a 100% interest in 15,219 acres on the War Eagle cobalt prospect.   Cruz also just recently completed an airborne survey over the War Eagle and Purcell cobalt prospects in BC and uncovered strong magnetic anomalies (announced January 19, 2017). Management is now working diligently on advancing these two BC cobalt prospects.

Cruz currently has nine cobalt projects located throughout North America, comprising of five in Ontario, two in British Columbia, one in Idaho and one in Montana. Cruz’s five separate Ontario cobalt prospects are all located in the vicinity of the town of Cobalt making Cruz one of the largest landholders in this emerging cobalt district. Cruz’s Ontario projects include the 1,265 acre Coleman cobalt prospect, the 900 acre Johnson cobalt prospect, the 4,980 acre Hector cobalt prospect, the 1,580 acre Bucke cobalt prospect and now the 8,935 Lorraine cobalt prospect. The company’s BC prospects include the 15,219 acre War Eagle cobalt prospect and the 11,821 acre Purcell prospect. Cruz’s USA projects include the 1,940 acre Chicken Hawk prospect in Montana and the 880 acre Idaho Star prospect.

The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.

If you would like to be added to Cruz’s email list please send an email to [email protected] or twitter @CruzCobalt

James Nelson
President
604.899.9150
Toll free 1.855.599.9150

www.cruzcobaltcorp.com
twitter @CruzCobalt

Recent News: 

Jan 22, 2018

Cruz Cobalt Corp. Significantly Increases Land Holdings on BC Purcell Cobalt Prospect After Receiving Airborne Data 

Cruz Cobalt Corp. (CUZ—TSXv, BKTPF—OTCBB, A2DMG8–FSE) is pleased to announce that the company has significantly increased its acreage on its 100% owned Purcell  cobalt prospects in BC. Cruz has now increased the acreage on the Purcell cobalt prospects from 671 acres to now be 11,821 acres, consolidating the previous two separate Purcell prospects into one much larger contiguous prospect. We have also just recently completed an airborne survey over the War Eagle and Purcell cobalt prospects in BC and uncovered strong magnetic anomalies (announced January 19, 2017). Management is now working diligently on advancing these two cobalt prospect. Recently, the company also tripled its landholdings surrounding the War Eagle cobalt prospect in BC. Cruz now has a 100% interest in 15,219 acres on the War Eagle cobalt prospect and 11,821 acres on the Purcell prospect.

Cruz President, James Nelson, stated, “We are pleased to have significantly increased our acreage in BC on both the Purcell and War Eagle cobalt prospects. The airborne data shows strong magnetic anomalies extending into the new acreage acquired in this emerging cobalt camp. We plan to get on the ground as soon as possible to incorporate the new airborne data with ground proofing. We currently have more cash on hand than at any other point to undertake our multiple planned work programs. Cruz is in a prime position to take advantage of the continued global focus on ethically sourced cobalt to supply the exploding demand for lithium-cobalt based batteries primarily for use in electric vehicles. Cruz has prospects in what we feel are most of the prime cobalt camps in North America and we are very optimistic that 2018 will be a breakout year for cobalt prices.”

Cruz currently has eight cobalt projects located throughout North America, comprising of four in Ontario, two in British Columbia, one in Idaho and one in Montana. Cruz’s four separate Ontario cobalt prospects are all located in the vicinity of the town of Cobalt making Cruz one of the largest landholders in this emerging cobalt district. Cruz’s Ontario projects include the 1,265 acre Coleman cobalt prospect, the 900 acre Johnson cobalt prospect, the 4,980 acre Hector cobalt prospect and the 1,580 acre Bucke cobalt prospect. The company’s BC prospects include the 15,219 acre War Eagle cobalt prospect and the 11,821 acre Purcell prospect. Cruz’s USA projects include the 1,940 acre Chicken Hawk prospect in Montana and the 880 acre Idaho Star prospect. The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.

If you would like to be added to Cruz’s email list please send an email to [email protected] or twitter @CruzCobalt

James Nelson
President
604.899.9150
Toll free 1.855.599.9150

www.cruzcobaltcorp.com
twitter @CruzCobalt
                           

Please see the link below to Cruz Cobalt Corp’s fresh video content:

http://www.investmentpitch.com/video/0_1pkqpo2u/Whats-Behind-the-Global-Demand-for-Cobalt

Cruz Cobalt Corp (CUZ—TSXv, BKTPF—OTCBB, A2DMG8–FSE)

Thank you for your interest in Cruz Cobalt Corp. As you can see there are many compelling reasons to look at Cruz Cobalt Corp immediately. “We feel that 2018 will be a break out year for cobalt prices and Cruz is well positioned to take full advantage of this. Cruz has the money already raised to commence full operations on these projects with our goal to make Cruz the ‘go-to’ North American Cobalt project generator and developer. 2018 will be an extremely active period for Cruz and management is optimistic about what will be discovered by Cruz on our cobalt properties.” states President Nelson.

Cruz has had one property transaction to date in line with the project generator and developer model.  That Idaho Cobalt Property was vended to US Cobalt Inc (USCO–TSX.v, SCTFF–USA) formerly named Scientific Metals Corp (STM–TSX.v, SCTFF–USA) in late 2016.

Cruz is fully cashed up and currently underway with operations on multiple projects in North America.

Cobalt prices have increased significantly over the past 12 months and have recently broken out to new 10-year highs of over $34 per pound. We feel that cobalt prices could have the same type of parabolic move like lithium has had. Similar dynamics that have driven lithium prices higher are present in cobalt, and that is why Cruz established itself at the early stages of this sector move by securing multiple high grade cobalt projects.

 

Cobalt price 13-year _36.63.png 

 

 

 

Below is the historical Lithium price (USD$) per metric tonne

 

 Lithium price jan -18.png

 As you can see in the map below, Cruz Cobalt also has exposure to the lithium market through its property that is strategically located in the Clayton Valley of Nevada with access to deepest parts of the only lithium brine basin in production in North America.

 

 

 clayton valley.jpg

 

Planned Lithium-Ion Battery Megafactories:

 

gigafactory 2018.png

DR Congo: Several deaths in anti-Kabila protests

Riot policemen fire teargas canisters to disperse demonstrators during a protest - many people, including a priest, can be seen kneeling, hands raisedImage copyright REUTERS
Image captionTear gas was fired at protesters in the capital, Kinshasa

At least six people have been killed in widespread protests in the Democratic Republic of Congo, United Nations sources say.

Protesters are demanding that President Joseph Kabila – whose expected term of office expired more than a year ago – should step down.

Police have used tear gas to disperse protesters in Kinshasa, where UN peacekeepers have been deployed.

Similar demonstrations three weeks ago led to a number of deaths.

A spokesman for the UN mission to the country said about 50 people were injured in Sunday’s clashes and that dozens had been arrested.

Jean-Baptise Sondji, a former minister, told AFP he had witnessed the death of a 16-year-old girl outside a church in the Kitambo area of the capital.

“An armoured car passed in front of the church. They began firing live bullets, I protected myself… a girl who was at the left side door of the church was hit,” he said.

The widespread marches had been called for by the country’s Catholic Church, which appealed for a large but peaceful demonstration.

The Congolese authorities, however, banned the marches and no formal permission was given. On Saturday evening, internet access in the capital Kinshasa was cut.

Police warned that they would not tolerate “any attempt to disturb public order.”

Protesters lie face down in front of security forces as clouds of tear gas swirl behind them. One man thrusts a hand forward, holding rosary beads aloftImage copyright REUTERS
Image captionMany demonstrators carried rosary beads or other religious icons as they marched

Despite the ban, protesters gathered after morning Mass on Sunday to march through the streets, accompanied by members of the clergy.

Local media outlet Radio Okapi reported protests in Kinshasa, Kisangani, and Bukavu. Other cities remain quiet, it reports, though a heavy police presence has been seen in many places.

Radio Okapi also later said that one of its journalists had been wounded by a bullet in the Lemba district of the capital.

The UN mission in the country – which has been running continuously since 1999 – said it deployed its troops to the streets to observe and record any violence.

President Kabila has been in power since 2001, and was supposed to step down after his second and final term came to an end in 2016.

Under a deal reached more than a year ago, he was due to step down by the end of 2017 – but that has not happened.

Instead, the election to replace him, originally planned for 2016, has now been delayed until December 2018.

The country’s powerful Catholic Church has been a voice of opposition to Mr Kabila.  The Church also called for the demonstrations in late December which led to at least seven deaths, according to UN peacekeepers.

Dozens were arrested in the aftermath of those protests.

Sunday’s demonstrations were also backed by the country’s Muslim community. Before the march, representative Cheikh Ali Mwinyi M’Kuur told AFP: “I ask the authorities to avoid repressing the march.”

“If they decide to repress, there will be no peace. But if they let the march take place, they will respect the constitution and peace will prevail,” he said.

DR Congo’s evangelical Christian churches also lent their support to the march organised by their Catholic counterparts.

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