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Cruz Cobalt Corp.: Cruz Cobalt Clayton Valley Lithium Update Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) ( Cruz or the Company ) is pleased to provide an update on developments in the Clayton Valley. Recently (June 10, 2021), Schlumberger and Panasonic Energy of North America announced a collaboration agreement to optimize and validate a lithium extraction and production process to be used by Schlumberger New Energy at its NeoLith Energy pilot plant in the Clayton Valley using Pure Energy s land. Cruz lies directly in the deepest part of this basin that this work is being conducted (see map). According to Schlumberger s news Neolith Energy s objective will be to pump brine from the subsurface, extract greater than 90% of the dissolved lithium, and pump more than 85% of the brine back to the subsurface in an environmentally safe manner. In addition to maximizing the reinjection of the brine, the goal is to eliminate the need for any fresh water from an extern

United statesUnited kingdomClayton valleyBritish columbiaJim nelsonWar eagleJames nelsonPanasonic energy of north americaPure energyBritish columbia newsfile corpSchlumberger new energyCruz cobalt corpCobalt propertiesNeolith energyRegulation services providerPanasonic energy