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12:04:49 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



CBLT Inc
Symbol CBLT
Shares Issued 76,677,073
Close 2023-12-27 C$ 0.025
Market Cap C$ 1,916,927
Recent Sedar+ Documents

CBLT optionee claims lapse at Chilton

2024-01-03 14:33 ET - News Release

Subject: No Subject! Word Document File: '\\swfile\EmailIn\20240103 111246 Attachment 01 03 claims at Chilton.doc' CBLT ANNOUNCES DEVELOPMENTS AT CHILTON (Burlington, ON January 3, 2024) CBLT Inc. (CBLT: TSX-V) ("CBLT") announces it has been advised by the optionee of the Chilton Cobalt Property (the "Optionee") that five of the nine claims (the "Claims") which form the Chilton Cobalt Property (the "Property") in Quebec, Canada, were designated as part of a restricted area by the Ministry of Natural Resources and Forests (Quebec) (the "MNRF") on November 17, 2023 (the "Moratorium"). The Optionee has advised that as a result of the Claims not being renewed prior to their expiry on October 20, 2023 and the implementation of the Moratorium, the MNRF has advised it that the five lapsed Claims cannot be re-staked until at least May 17, 2024. CBLT is working collaboratively with the Optionee to regain title to the Claims. There can be no assurances that such efforts will be successful. As the Optionor of the Property, CBLT intends to take such steps as may be necessary to be made whole in some form. CONTACT INFORMATION Peter M. Clausi CEO and Director 1 416 890 1232 pclausi@cbltinc.com @ClausiPeter Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements that constitute forward-looking statements as they relate to CBLT and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, CBLT will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, CBLT assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to; SARS-CoV-2; reliance on key personnel; the performance of the Ciscom Corp. leadership team; shareholder and regulatory approvals; the ability of Powerstone's team to receive a receipt for its prospectus and to achieve a listing of its common shares on a Canadian stock exchange; First Nations and other local communities; jurisdictional risk; risks of future legal proceedings; income tax matters; availability and terms of financing; distribution of securities; commodities pricing; environmental issues; forest fires and other natural phenomena; rising costs related to inflation; effect of market interest on price of securities; failing to identify an economically viable mineral deposit; and, potential dilution. CBLT's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

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