Cross River Ventures to Acquire Scotia Lithium and Rebrand as Scotia Metals

Cross River Ventures ( ($TSE:CRVC.X) ) has issued an announcement.

Cross River Ventures has entered into a business combination agreement to acquire all outstanding shares of private company Scotia Lithium Corp. in an all-share deal, with each Scotia Lithium share exchanged for one post-consolidation Cross River common share. As part of the transaction, Cross River will consolidate its shares on a 30-for-1 basis, change its name to Scotia Metals Corp., complete concurrent non-brokered private placements of flow-through and non-flow-through shares, and overhaul its management team, with new leadership headed by CEO Rodrigo Roso and President Nick Rowley. The deal, which will constitute a Fundamental Change under Canadian Securities Exchange rules, is subject to shareholder and regulatory approvals, with a shareholder meeting set for March 24, 2026 and closing targeted for April 2026. Trading in Cross River’s shares has been halted pending CSE review, and upon completion of the transaction the company expects to emerge as the largest lithium and critical metals exploration tenement holder in Nova Scotia, potentially strengthening its strategic position in the rapidly evolving battery metals sector.

Spark’s Take on TSE:CRVC.X Stock

According to Spark, TipRanks’ AI Analyst, TSE:CRVC.X is a Underperform.

Cross River Ventures shows significant financial distress with no revenue, negative equity, and reliance on external funding. Valuation metrics are weak, highlighted by a negative P/E ratio. Technical indicators reflect stagnant price movement, further underscoring financial and operational challenges. The lack of recent earnings call insights or corporate events means the analysis heavily focuses on existing financial and technical data, resulting in a low overall score.

To see Spark’s full report on TSE:CRVC.X stock, click here.

More about Cross River Ventures

Cross River Ventures Corp., listed on the Canadian Securities Exchange, is a Vancouver-based exploration company that will shift its focus toward lithium and critical metals through the acquisition of Scotia Lithium Corp. Scotia Lithium, via its wholly owned subsidiary Continental Lithium Ltd., holds a 100% interest in the L3 Lithium project in Nova Scotia, positioning the combined entity to become the largest tenement holder for lithium and critical metals exploration in the province.

Average Trading Volume: 346,741

Technical Sentiment Signal: Sell

Current Market Cap: C$2.88M

For a thorough assessment of CRVC.X stock, go to TipRanks’ Stock Analysis page.