What Cross River Ventures does

Cross River Ventures Corp. (CSE: CRVC) is a Vancouver-based, pre-revenue junior mineral exploration company founded in 2020. Historically focused on gold exploration, the company entered a business combination agreement with Scotia Lithium Corp. in January 2026 on an all-share basis to acquire the L3 Lithium project — 1,200 km² of contiguous mineral licences (109 claims) in Nova Scotia targeting lithium and other critical metals. In connection with the combination, the company announced a 30:1 share consolidation, a name change to Scotia Metals Corp., and a CAD$720,000 private placement to fund exploration activity and transaction costs.

The company holds no producing assets, has no commercial products, and operates with a small team of 1–10 employees. Its core "technology" is conventional grassroots mineral exploration: licence acquisition, geological mapping, sampling, and drilling programs executed on the L3 Lithium land package. There is no proprietary processing technology, software platform, or recurring software-as-a-service revenue model.

Its business model is the standard junior explorer model: raise equity capital, deploy it into exploration to expand and de-risk a resource base, and ultimately exit via development, joint venture, offtake, or sale to a mid-tier or major mining operator. New CEO Rodrigo Roso and President Nick Rowley lead a reconstituted board alongside Brian Talbot, Darryl Cardey, and Shawn Khunkhun. As of the input data, the company is pre-revenue, with no customer base, no anchor offtake agreements, and no disclosed development timeline.

Name

Cross River Ventures

Legal name

Cross River Ventures Corp.

Website

https://crossriverventures.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Cross River Ventures (CSE: CRVC), soon to rebrand as Scotia Metals Corp., is a pre-revenue Vancouver-based junior explorer acquiring the L3 Lithium project — 1,200 km² across 109 Nova Scotia mineral licences — via an all-share combination with Scotia Lithium Corp., targeting lithium and critical metals.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Water Transportation (483)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Mineral exploration
• Lithium exploration
• Critical metals
• Gold exploration
• Mineral tenements

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Pre-Revenue Exploration Stage: As a pre-revenue mineral exploration company, Cross River Ventures does not currently generate revenue. The company is focused on acquiring and exploring lithium and critical metals tenements in Nova Scotia through the proposed acquisition of Scotia Lithium Corp.

Core offering

Cross River Ventures is a pre-revenue mineral exploration company focused on acquiring and exploring lithium and critical metals tenements in Nova Scotia. Through the proposed acquisition of Scotia Lithium Corp., the company is positioned to become the largest tenement holder in Nova Scotia for lithium and critical metals exploration, controlling approximately 1,200 km² across 109 mineral licences via the L3 Lithium project.

Product overview

Cross River Ventures Corp. is a mining and critical metals exploration company. Based on the source data, the company is primarily involved in mineral exploration through its business combination with Scotia Lithium Corp., which holds a 100% interest in the L3 Lithium project in Nova Scotia covering approximately 1,200 km² across 109 mineral licences. The company has announced plans to rebrand as Scotia Metals Corp. following the completion of this transaction.

Differentiator

Problem solved

Functional benefit

Products and services

• L3 Lithium Project

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• Saturna Group Charted Professional Accountants LLPminorOthers · 24 March 2026Re-appointed as auditors of Cross River Ventures following shareholder approval at the AGM held on March 24, 2026.
• Scotia Lithium Corp.coreStrategic or Co-development Partner · 30 January 2026Cross River Ventures has entered into a business combination agreement to acquire all outstanding shares of Scotia Lithium Corp. in an all-share deal. Upon completion, the combined entity will become the largest tenement holder in Nova Scotia for lithium and critical metals exploration. The transaction includes a 30:1 share consolidation, name change to Scotia Metals Corp., and concurrent financing.
• Continental Lithium Ltd.coreStrategic or Co-development Partner · 30 January 2026Subsidiary of Scotia Lithium Corp. that holds a 100% interest in the L3 Lithium project in Nova Scotia covering approximately 1,200 km² across 109 mineral licences. This asset forms the core of the business combination with Cross River Ventures.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Lithium Americas Corp. Large-cap developer of the Thacker Pass (U.S.) and Cauchari-Olaroz (Argentina) lithium projects. Comparable as a publicly listed lithium development incumbent, though at significantly greater scale.
• Allkem Limited: Global lithium chemicals producer with hard-rock and brine assets across Argentina, Australia, and Canada. Comparable as a publicly listed incumbent operating across the lithium value chain.

Direct peers

• Standard Lithium Ltd. North American lithium exploration and development company advancing brine projects in the U.S. and Canada. Directly comparable as a publicly listed lithium-focused junior at a similar development stage.
• Piedmont Lithium Inc. Lithium developer with assets in the U.S. and Ghana, advancing hard-rock spodumene projects. Comparable as a publicly listed lithium exploration/development peer targeting battery-grade supply.
• Critical Elements Lithium Corp. Canadian junior advancing the Rose Lithium-Tantalum project in Quebec. Direct peer as a small-cap North American lithium developer pursuing hard-rock resources.
• Frontier Lithium Inc. Canadian junior developing the PAK Lithium Project in Ontario. Closely comparable as a small-cap, publicly listed Canadian lithium explorer focused on spodumene resources.
• Sigma Lithium Resources Corp. Hard-rock lithium producer developing the Grota do Cirilo project in Brazil. Direct peer in publicly listed lithium development, though at a more advanced production stage.

Emerging players

• Avalon Advanced Materials Inc. Canadian critical minerals developer with lithium, rare earths, and other technology-metal projects. Comparable as a small-cap public Canadian player focused on critical-minerals exploration.
• Rock Tech Lithium Inc. Canada-listed lithium developer planning a converter facility in Ontario and exploring spodumene resources in Ontario and Quebec. Comparable as a publicly listed Canadian lithium development junior.
• International Battery Metals Ltd. Lithium extraction technology and resource developer with North American exposure. Comparable as a small-cap public lithium-focused peer with similar capitalization profile.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/cross_ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Cross River Ventures