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Cruz Cobalt Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  1470 – 701 West Georgia Street
PO BOX 10112 Pacific Centre
Vancouver, BC
Canada V7Y 1C6
Tel No.: (604) 899-9150
Fax No.: (604) 689-1733
Web Site: www.cruzcapitalcorp.com
E-mail: info@cruzcapitalcorp.com
Contact Person: James Nelson
Position: President


Company Data

Traded Market: TSX-V; OTC; Germany
Traded Symbol: CUZ; BKTPF; A2AG5M
Outstanding Shares: 14,808,082
52 Week High: $ 0.71
52 Week Low: $ 0.07
Present Price: Click Here


Introduction

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Cruz is actively engaged in acquiring and developing Cobalt assets globally. Cruz has currently acquired numerous high-grade cobalt assets located in North America. Seven cobalt projects are in Canada and one in Idaho. The goal of the Company is to make Cruz the foremost cobalt project generator and developer on the TSX Venture Exchange. Management feels that cobalt is at the early stages of a significant bull market and is pleased to be positioning Cruz at the forefront of this cycle.

COBALT

According to a Metal Bulletin story dated July 18, 2016, "…Cobalt metal prices have been rising in recent weeks on the positive sentiment created by strong forward demand from the super-alloys sector as well as the anticipation of higher prices that has resulted from an expected surge in production of electric vehicles." The cobalt price has recently traded to a 6 month high.

Based on an interview with Chris Berry of House Mountain Partners on June 20, 2016, he states "…I think one of the things that's surprised me is how most people haven't woken up to the opportunity. Again, we can get into a lot of the details about battery and battery metals and how important lithium is, or cobalt is or graphite is, but I think cobalt is really sort of an undiscovered opportunity right now and hopefully that will change soon."

Here is a link to a recent article reporting about the mining of cobalt in Africa. As you can see this is why we are focused on developing and acquiring high grade projects in politically safe and responsible governments.

Todd C. Frankel, September 30, 2016, The cobalt pipeline: From dangerous tunnels in Congo to consumers' mobile tech, The Washington Post

Todd C. Frankel, September 30, 2016, Companies respond to questions about their cobalt supply chains, The Washington Post

Cobalt Quick Facts

  • The electric vehicle industry is driving up demand for batteries, and the raw materials used to make them
  • Cobalt is one of 3 key minerals used to make Tesla battery packs
  • Cobalt has not been mined in the US since 1971. USGS reports claim that the government stockpile has 301 tonnes remaining.
  • More than 50% of global supply comes from the Democratic Republic of Congo.


Projects in Hand

War Eagle Cobalt Prospect, British Columbia, Canada

Cruz Cobalt has acquired the War Eagle cobalt prospect in British Columbia. Management believes that cobalt may face significant shortages in the future as the market for cobalt has been steadily increasing as the supply has not kept pace. Cobalt is a very important part of the battery because it helps increase the amount of energy the battery can contain. The metal is also used extensively in the manufacturing of smart phones, jet engines and wind turbines. In 2015, global mined cobalt production totalled roughly 120,000 tonnes, with 53,000 tonnes being used as cathode mineral. By 2025, will see a requirement of 121,000 tonnes of cobalt, which currently exceeds all producing cobalt.

There is a Minfile No. 082GNW076 on the prospect citing a report MC file 167-N1-2-3 from 1948 showing surface samples of 6.41 per cent cobalt, 3.59 per cent nickel and 7.25 per cent copper. It reports, ‘Old workings include a tunnel and some test pits, and the character of the orebody is in a fissure vein which outcrops almost continuously for 3,000 feet.' These numbers cannot be verified or relied upon at this time and the Company plans to dispatch crews to the property shortly to start operations on the prospect. This property was acquired via staking.

Johnson Cobalt Prospect, Ontario, Canada

On September 19, 2016, Cruz Cobalt Corp. announced that it has increased the Johnson cobalt property by 22 claim units to now comprise of approximately 900 acres. The Johnson cobalt prospect is one of four cobalt prospects in Ontario that the Company controls. Management expects to commence operations in Ontario shortly utilizing the flow-through funds on hand.

The Johnson cobalt prospect consists of approximately 900 acres in the Kirkland Lake mining district of Ontario. According to file MDl31M05NE00120 from 1980, grab assays over 300 metres returned up to 10.5 per cent cobalt, 69 grams per tonne silver, 12 per cent nickel and 0.4 per cent copper. The Company plans to commence work to fully assess this property shortly.

Cobalt Prospect in Idaho of USA

On September 1, 2016, Cruz Cobalt Corp. announced that it has partnered with three other persons to identify and acquire prospective cobalt assets and properties through a private British Columbia corporation. Cruz holds a 20-per-cent equity interest in the B.C. company. The B.C. company indirectly acquired 58 mineral claims located in the state of Idaho through its Idaho subsidiary.

Bucke Cobalt Prospect, Ontario, Canada

On October 18, 2016, Cruz Cobalt Corp. announced that it has increased its cobalt property holdings by 36 claim units from the initial 1.25 units, now comprising approximately 1,480 contiguous acres. The Bucke cobalt prospect is one of four cobalt prospects in Ontario currently held by Cruz.

The Bucke cobalt prospect consists of approximately 1,480 acres in the Larder Lake mining division of Ontario. According to Province of Ontario mineral file MDl31M05NE00117, the property returned assays grading 13 per cent cobalt and 240 grams per tonne silver on this cobalt-focused prospect. Management expects to commence exploration on this property shortly, utilizing the flow-through funds already on hand to fully assess this property.

Investment Highlights

  • Cruz has recently acquired 8 separate cobalt prospects across North America
  • The War Eagle Cobalt Prospect in British Columbia encountered samples of 6.41% cobalt, 3.59% nickel and 7.25% copper (historic data).
  • Cobalt prices have increased significantly over the past 6 months
  • Cobalt is one of the main elements in Lithium-Ion batteries
  • Cruz currently only has approximately 14 million shares outstanding
  • Seasoned expert, Fritz ten Doornkaat of Switzerland has been added as a strategic European adviser



News Update

On November 10, 2017, Cruz Cobalt Corp. announced that it has sponsored an educational video, which gives a brief overview of cobalt. The video discusses the current and future supply of, and demand for cobalt.

This video can be viewed at InvestmentPitch.com. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Cruz Cobalt" in the search box.

Cannot view this video? Visit: http://www.investmentpitch.com/video/0_1pkqpo2u/Whats-Behind-the-Global-Demand-for-Cobalt

On November 9, 2017, Cruz Cobalt Corp. announced that it is planning to commence operations shortly on the War Eagle cobalt prospect in British Columbia.

On September 27, 2017, Cruz Cobalt Corp. announced that an additional 30 claims have been acquired by Cruz strategically located contiguous to the existing 100%-owned Chicken Hawk cobalt prospect, located in Deer Lodge county, Montana. The Chicken Hawk cobalt prospect will now consist of approximately 1,940 contiguous acres.

On September 12, 2017, Cruz Cobalt Corp. announced that the Company has mobilized crews on the 100-per-cent-owned Chicken Hawk cobalt prospect located in Deer Lodge county, Montana, USA. This prospect consists of 64 contiguous lode claims covering approximately 1,300 acres.

On September 7, 2017, Cruz Cobalt Corp. announced that the Ministry of Northern Development and Mines has approved Cruz Cobalt Corp.'s drill permit for the 4,980-acre Hector cobalt prospect in the direct vicinity of the town of Cobalt, Ontario.

On August 22, 2017, Cruz Cobalt Corp. announced that it has increased its acreage near the town of Cobalt, Ontario. The Company has also just recently completed an airborne survey over all four of the cobalt prospects in Ontario and crews are currently working diligently on these prospects with a drill program being formulated.

Recently the Company has also mobilized crews and has commenced a work program on Cruz's 100-per-cent-owned Idaho Star cobalt prospect in Idaho.

On August 17, 2017, Cruz Cobalt Corp. announced that it has mobilized crews and commenced a work program on Cruz's 100-per-cent-owned Idaho Star cobalt prospect in Idaho. The airborne work program over Cruz Cobalt's four separate Ontario cobalt properties was also completed.

On August 15, 2017, Cruz Cobalt Corp. announced that Eagle GeoPhysics has completed the airborne work program over Cruz Cobalt Corp.'s four separate Ontario cobalt properties.

On August 10, 2017, Cruz Cobalt Corp. announced that Eagle GeoPhysics has now commenced the airborne work program over Cruz Cobalt Corp.'s four separate Ontario cobalt properties.

On August 1, 2017, Cruz Cobalt Corp. announced that it has secured the services of Eagle GeoPhysics to conduct the airborne work program over Cruz's Ontario cobalt properties.

On July 25, 2017, Cruz Cobalt Corp. announced that the drill permit its Johnson cobalt prospect in Ont., has been approved by the Ministry of Northern Development and Mines.

On July 17, 2017, Cruz Cobalt Corp. announced that the drill permit for its Bucke cobalt prospect in Ont., has been approved by the Ministry of Northern Development and Mines.

On July 7, 2017, Cruz Cobalt Corp. announced that it has applied for a drill permit to cover the Coleman cobalt prospect in the direct vicinity of the town of Cobalt, Ont. This permit will cover the activities of mechanized drilling, mechanized stripping, the pitting and trenching of bedrock, and line cutting.

On June 16, 2017, Cruz Cobalt Corp. announced that it has retained Aaron Powell PLLC (AP) to oversee the work program on Cruz's 100-per-cent-owned Idaho Star cobalt prospect.

On June 9, 2017, Cruz Cobalt Corp. announced that it has retained Toby Hughes as a consulting geologist to focus on the Ontario cobalt prospects. Mr. Hughes, PGeol., PGeo., has 35 years of global mineral exploration experience and is an expert in precious and base metals.

Cruz Cobalt Corp. was mentioned in this article:

http://eliteinvestments.com/cobalt-juniors-in-play-again-soon/

On April 19, 2017, Cruz Cobalt Corp. announced that the company is making an application for an exploration permit on its 5,500-acre Hector cobalt prospect. This prospect is one of four cobalt projects Cruz has in Ontario all located in the vicinity of the city of Cobalt, home to one of the largest cobalt/silver districts in North America. This permit will cover the following activities of mechanized drilling, mechanized stripping, the pitting and trenching of bedrock, and line cutting.

On March 21, 2017, Cruz Capital Corp. announced that it has closed on the recently announced Chicken Hawk cobalt prospect in Montana, United States. This new prospect consists of 64 contiguous lode claims covering approximately 1,300 acres.

On March 16, 2017, Cruz Cobalt Corp. announced that it is making an application for an exploration permit on its Johnson cobalt prospect in Ontario, Canada.

On February 28, 2017, Cruz Cobalt Corp. announced that it has entered into an agreement with an arm's-length vendor to acquire the Chicken Hawk cobalt prospect located in Deer Lodge county, Montana. This new prospect consists of 64 contiguous lode claims covering approximately 1,300 acres.

On February 23, 2017, Cruz Cobalt Corp. announced that it has received TSX Venture Exchange approved for its name change to Cruz Cobalt Corp., as previously announced on February 9, 2017. Effective at the opening on Feb. 23, 2017, the common shares of Cruz Cobalt Corp. will commence trading on the TSX Venture Exchange and the common shares of Cruz Capital Corp. will be delisted. The company is classified as a resource company.

On February 9, 2017, Cruz Capital Corp. announced that it is proposing to change the Company's name to Cruz Cobalt Corp. to accurately reflect the Company's focus on high-grade North American cobalt prospects. The name change is pending exchange approval.

On February 7, 2017, Cruz Capital Corp. announced that it is fully DTC (Depoitory Trust Company) eligible on the U.S. markets. Being fully DTC eligible will now enable U.S. brokerage firms to clear Cruz shares in the home market not via the Canadian market therefore creating a much more transparent and easily accessible trading situation for the U.S. market.

Respected Toronto Fund Manager Mentions Cruz in the Financial Post, The link is here.

http://www.financialpost.com/m/wp/investing/buy-sell/blog.html?b=business.financialpost.com/investing/buy-sell/still-opportunities-in-the-small-cap-space-this-fund-manager-says

On December 12, 2016, Cruz Capital Corp. announced that it has increased its cobalt property holdings on its Coleman cobalt prospect, which now comprises approximately 900 contiguous acres. Coleman cobalt prospect is one of four cobalt prospects in Ontario currently held by Cruz.

On November 23, 2016, Cruz Capital Corp. announced that it has increased its cobalt property holdings by 137 claim units. This new property was acquired via staking. The Hector cobalt prospect now consists of approximately 5,500 acres in the Larder Lake mining division of Ontario.

On November 16, 2016, Cruz Capital Corp. announced that its shares are now trading on a postsplit basis. Common shareholders of record at the close of business on Nov. 18, 2016, will be mailed additional certificates. The new certificates will be mailed on or about on Nov. 23, 2016. The push-out method will be used to affect the split. The CUSIP No. 22888P105 remains unchanged.

On November 2, 2016, further to the news release on Oct. 5, 2016, Cruz Capital Corp. has set the close of business on Nov. 18, 2016, as the record date for the forward split and Nov. 16, 2016, as the effective date of the forward split. Therefore, in order to receive the split, you must purchase and hold the shares as of close of market Nov. 15, 2016.

On October 21, 2016, Cruz Capital Corp. was featured prominently in the Financial Post in a story regarding Cobalt. The link is here. http://business.financialpost.com/midas-letter/is-cobalt-the-choke-point-for-future-lithium-battery-production

On October 18, 2016, Cruz Capital Corp. announced that it has increased its cobalt property holdings by 36 claim units from the initial 1.25 units, now comprising approximately 1,480 contiguous acres. The Bucke cobalt prospect is one of four cobalt prospects in Ontario currently held by Cruz.

The Bucke cobalt prospect consists of approximately 1,480 acres in the Larder Lake mining division of Ontario. According to Province of Ontario mineral file MDl31M05NE00117, the property returned assays grading 13 per cent cobalt and 240 grams per tonne silver on this cobalt-focused prospect. Management expects to commence exploration on this property shortly, utilizing the flow-through funds already on hand to fully assess this property.

On October 11, 2016, the BBC put out this article on the Democratic Republic of the Congo regarding the political instability. http://www.bbc.com/news/world-africa-37627028

This is another factor in the price of cobalt, which appears to be breaking out now.

On October 7, 2016, Cruz Capital Corp. announced that it has acquired the Idaho Star cobalt prospect in Idaho, United States. This prospect is located approximately nine miles southwest of Saltese, Mont., and 19 miles southeast of Wallace, Idaho. This new prospect consists of 44 contiguous claims within the Idaho cobalt belt.

Geological data was gathered showing this prospect area to have been active for mining of cobalt, silver and copper in the past, which was the reason for the immediate acquisition.

On October 6, 2016, Cruz Capital Corp. announced that it has sold one of its cobalt assets for shares. Cruz, through its holdings in an Idahoan cobalt company, has sold its interest to Scientific Metals Corp. for two million shares of Scientific. This is the first transaction that Cruz has participated in to date.

On October 5, 2016, Cruz Capital Corp. announced that it proposed to split the common shares of the Company on the basis of one presplit share for three post split shares. As a result of the forward split, the Company's issued capital will be altered by splitting all of the 14,808,082 issued shares without par value into 44,424,246 shares without par value. Outstanding stock options and share purchase warrants will also be adjusted by the forward split ratio and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. The Company will not be changing its name or trading symbol in connection with the proposed forward split. The purpose of the forward split is to increase liquidity of the Company's shares and, in turn, make financing terms more attractive.

On September 26, 2016, Cruz Capital Corp. announced that it has been cleared by the Financial Industry Regulatory Authority (FINRA) and is fully quoted on the OTC Markets under the symbol BKTPF.


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