Cruz Battery Metals

What Cruz Battery Metals does

Cruz Battery Metals Corp. (CSE:CRUZ, OTC:BKTPF, FSE:A40YSN) is a pre-revenue, publicly listed junior mineral exploration company headquartered in Vancouver, British Columbia. The company acquires, explores, and develops battery metals and adjacent commodity projects in politically stable North American jurisdictions, with current operations spanning Nevada and Idaho (USA) and Ontario and Nova Scotia (Canada). Its flagship asset is the 100%-owned Solar Lithium Clay Deposit in Big Smokey Valley, Nevada, where a maiden Mineral Resource Estimate delivered in March 2026 defined 161,000 indicated tonnes LCE and 525,000 inferred tonnes LCE (at a 300 ppm Li cutoff). The broader portfolio also includes the Clayton Valley Deep Basin Lithium Brine JV (2,300 acres shared with Sienna Resources and Adelayde Exploration, surrounded by SLB/Pure Energy Minerals' deposit), the Central Clayton Valley Lithium Brine Project, the Idaho Cobalt Belt Project, the Sterling South Gold/Copper Project in Ontario, and the recently acquired South-Advocate Hydrogen Project in Nova Scotia. In December 2024, the company spun out its Ontario Hector Silver-Cobalt Project into the wholly-owned subsidiary Makenita Resources Inc. to isolate that asset's value.

Underlying technology is conventional hard-rock and brine mineral exploration: reverse circulation (RC) and diamond drilling, supported by NI 43-101 compliant technical reporting authored by specialist firms (Stantec Consulting Services and APEX Geoscience). The company has no product revenue and no operational production. It funds exploration through small, repeated non-brokered private placement equity raises under Canadian exemptions (including the Listed Issuer Financing Exemption), with cumulative disclosed financing of roughly C$7.3 million across multiple rounds from 2016 to 2025 and a market capitalization of approximately C$3.93 million as of April 2026. The customer base is effectively retail and institutional capital (shareholders) who back the equity raises, while the implicit strategic customer set is larger mining and battery companies positioned to joint-venture, acquire, or produce from these properties in proven districts.

Name

Cruz Battery Metals

Legal name

Cruz Battery Metals Corp.

Website

https://cruzbatterymetals.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Cruz Battery Metals is a publicly listed, pre-revenue junior mineral exploration company that acquires and advances lithium, cobalt, gold/copper, and hydrogen projects across North America, serving battery-metals-focused investors and targeting larger mining companies for joint venture or acquisition.

Ownership category

akta.pro rank

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Lithium exploration
• Cobalt exploration
• Mineral resource estimation
• Battery metals mining
• Junior mining exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mineral Property Exploration and Development: Cruz Battery Metals is a pre-revenue exploration-stage mining company. It generates no product revenue and funds operations through equity private placement financings. Its business model is to explore mineral properties to the point of monetization through sale, joint venture, or production agreements with larger mining or battery companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Cruz Battery Metals acquires, explores, and develops mineral properties focused on battery metals (lithium and cobalt), as well as gold/copper and hydrogen prospects, in politically stable North American jurisdictions. The company conducts reverse circulation and diamond drilling programs, prepares NI 43-101 compliant technical reports and mineral resource estimates, and seeks to monetize assets through joint venture, sale, or production agreements with larger mining or battery companies.

Product overview

Cruz Battery Metals is a mineral exploration company focused on acquiring and developing battery metals projects in North America. The company operates a portfolio of exploration assets spanning lithium, cobalt, gold/copper, and hydrogen across multiple jurisdictions including Nevada (USA), Idaho (USA), Ontario (Canada), Nova Scotia (Canada), and previously British Columbia and Montana. Key projects include the Solar Lithium Project in Nevada (the company's flagship asset with a completed maiden resource estimate), Clayton Valley lithium brine assets (including a joint venture), the Idaho Cobalt Belt Project, Sterling South Gold/Copper Project in Ontario, and the recently acquired South-Advocate Hydrogen Project in Nova Scotia. The company was previously known as Cruz Cobalt Corp. before rebranding in 2021 to reflect its expanded focus beyond cobalt to include lithium and other battery metals.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Lithium discovered in all 14 drill holes on the Solar Lithium Project across phases 1-4
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Stantec Consulting Services Ltd.coreTechnology or Integration · 18 March 2026Cruz engaged Stantec Consulting Services Ltd. to complete the maiden mineral resource estimate (MRE) and NI 43-101 Technical Report for the Solar Lithium Project in Big Smokey Valley, Nevada. The Stantec qualified person (Joan Kester, P.Geo.) has direct experience in the Tonopah area, including visiting Albemarle Corp.'s Silver Peak mine and completing resource estimates for American Lithium Corp.'s TLC lithium project. The MRE was delivered in March 2026.
• Quebec Innovative Materials Corp. (QIMC)minorStrategic or Co-development Partner · 16 March 2026Quebec Innovative Materials Corp.'s West-Advocate hydrogen project in Nova Scotia borders Cruz's South-Advocate Hydrogen Project. QIMC announced a major hydrogen discovery in March 2026, intersecting a persistent hydrogen-bearing system from ~505 metres depth with visible gas at the drill head and elevated hydrogen concentrations exceeding detection limits. This discovery validates the prospectivity of the adjacent Cruz property.
• Sienna Resources Inc.coreStrategic or Co-development Partner · 28 January 2026Cruz entered into a joint venture agreement with Sienna Resources Inc. and Adelayde Exploration Inc. to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within and completely surrounded by SLB's (formerly Schlumberger) and Pure Energy Minerals' lithium deposit. Each party holds a one-third beneficial interest in each mineral claim, with costs and benefits shared equally. Each party has the right to exit with 30 days' written notice.
• Adelayde Exploration Inc.coreStrategic or Co-development Partner · 28 January 2026Cruz entered into a joint venture agreement with Sienna Resources Inc. and Adelayde Exploration Inc. to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within and completely surrounded by SLB's (formerly Schlumberger) and Pure Energy Minerals' lithium deposit. Each party holds a one-third beneficial interest in each mineral claim, with costs and benefits shared equally. Each party has the right to exit with 30 days' written notice.
• Stantec Consulting Ltd. (technical report)coreImplementation/ SI/ Consulting Partner · 9 January 2026Cruz engaged Stantec Consulting Ltd. (Derek Loveday, PGeo) to complete the maiden resource estimate and NI 43-101 Technical Report for the Solar Lithium Project. Derek Loveday has direct experience in the Tonopah area, including visiting Albemarle Corp.'s Silver Peak mine and completing resource estimates for American Lithium Corp.'s TLC lithium project.
• Makenita Resources Inc. (SpinCo)minorStrategic or Co-development Partner · 1 August 2024Cruz announced its intention to spin out the Hector Silver-Cobalt Project into a wholly-owned subsidiary, Makenita Resources Inc., via a plan of arrangement. The spinout was intended to create separate value for shareholders by isolating the Ontario cobalt assets. The share distribution date was set for December 23, 2024.
• APEX Geoscience Ltd.minorImplementation/ SI/ Consulting Partner · 19 June 2024Cruz engaged APEX Geoscience Ltd. based in Edmonton, Alberta to assist in updating the NI 43-101 Technical Report on the 100%-owned 5,542-acre Hector Silver-Cobalt Project in the historic silver-cobalt producing region of Cobalt, Ontario.
• Harris Exploration Drilling and Associates Inc.minorImplementation/ SI/ Consulting Partner · 20 January 2023Cruz contracted Harris Exploration Drilling and Associates Inc. to conduct the Phase-3 drill program on the Solar Lithium Project in Nevada. The company was engaged to provide drilling services.
• Vital Drilling ServicesminorImplementation/ SI/ Consulting Partner · 22 June 2021Cruz hired Vital Drilling Services of Val Caron, Ontario to conduct the 2021 drill program at the Hector Silver-Cobalt project in the historic Cobalt Camp of Ontario.
• Clayton Valley Lithium Advisory Committee (CVLAC)minorStrategic or Co-development Partner · 14 January 2021Cruz joined the Clayton Valley Lithium Advisory Committee (CVLAC), which consists of individuals and companies with a vested interest in the development of lithium assets within Clayton Valley, Nevada. The CVLAC's vision is collaboration among members towards development, data sharing, and possible mergers.
• EMX Royalty Corp. / Fennoscandian Investment GroupminorStrategic or Co-development Partner · 1 June 2018Cruz signed a non-binding letter of intent with EMX Royalty Corp. and Fennoscandian Investment Group to acquire two Cobalt-Nickel-Copper projects consisting of 29 exploration licenses located in Norway. A definitive agreement was nearing completion at the time.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sterling Metals Corp. Ontario copper developer whose Soo Copper discovery is directly bordered by Cruz's Sterling South Gold/Copper Project. Comparable junior base-metals explorer operating in the same district of Ontario.
• American Lithium Corp. Direct neighbor across the property line — Cruz's Solar Lithium Project borders American Lithium's TLC lithium claystone project in Big Smokey Valley, Nevada. Both companies share a qualified person (Stantec) and pursue the same claystone lithium play, making the asset directly comparable.
• Standard Lithium Ltd. Clayton Valley lithium brine developer with advanced pilot and PEA-stage assets in the same basin as Cruz's Clayton Valley JV and Central Clayton Valley claims. Comparable lithium-brine exploration/development exposure in an overlapping U.S. district.
• Pure Energy Minerals Ltd. Clayton Valley lithium brine developer whose land position completely surrounds Cruz's Clayton Valley JV package. Operates the same lithium-brine model with a more advanced stage, making it a directly comparable district peer.
• Sienna Resources Inc. Co-JV partner with Cruz on the 2,300-acre Clayton Valley deep-basin lithium brine package. Comparable junior lithium explorer with overlapping Clayton Valley exposure and a similar market-cap profile.
• Lithium Americas Corp. Large-scale lithium developer with Thacker Pass and other North American claystone/brine assets. While significantly larger and more advanced, it represents the comparable pure-play lithium development model Cruz is aspiring toward.
• Jervois Mining Ltd. Cobalt developer with a project in the Idaho Cobalt Belt, which Cruz's Idaho Cobalt Belt Project surrounds. Comparable cobalt-focused junior with a more advanced stage and processing-pathway exposure.
• Quebec Innovative Materials Corp. (QIMC): Natural hydrogen exploration company whose West-Advocate project in Nova Scotia directly borders Cruz's South-Advocate Hydrogen Project. Both companies are pursuing the same nascent natural-hydrogen play in adjacent ground.

Broad incumbents

• SLB (Schlumberger): Major services and integrated energy technology company that holds a large Clayton Valley lithium brine project surrounding Cruz's Central Clayton Valley and JV claims. Not a junior, but the dominant landholder in the same basin Cruz is exploring.
• Albemarle Corporation: World's largest lithium producer operating the Silver Peak mine in Clayton Valley, Nevada — the only producing lithium operation in the U.S. Provides the district benchmark for what a developed Clayton Valley asset can become.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cruzcobalt
• LinkedInlinkedin.com/company/cruz-battery-metals-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cruz Battery Metals