Cruz Battery Metals Corp. announced a private placement on October 23, 2025. The company will issue up to 15,337,423 units at a price of CAD 0.0326 per unit for gross proceeds of CAD 500,000.

Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.05 per warrant share until 5 p.m. Vancouver time five years from the closing of the financing. All securities issued in connection with the financing are subject to a statutory hold period expiring four months and one day after the closing of the financing. Finders' fees may be paid to eligible finders in connection with the financing.