Cruz Capital (TSE:CRUZ) has released an update.
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Cruz Battery Metals Corp. has announced plans for a strategic spin-out of its Hector Silver-Cobalt Project into a new company, Makenita Resources Inc. Shareholders of Cruz will receive shares of Makenita in addition to keeping their existing Cruz shares, all at no extra cost. The move positions Makenita as an independent entity focused on developing the Hector Property, while Cruz concentrates on its US-based lithium and cobalt projects.
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