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CBLT Inc
Symbol CBLT
Shares Issued 77,177,073
Close 2026-08-07 C$ 0.05
Market Cap C$ 3,858,854
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CBLT has additional business venture, plans financing

2026-08-10 19:26 ET - News Release

Mr. Peter Clausi reports

CBLT ANNOUNCES ADDITIONAL BUSINESS VENTURE

CBLT Inc. was directed at its last shareholders meeting to seek diversification of the company's growth plan into other business areas. CBLT has made a minor diversification into support for the launch of a third party pioneering investor education and marketing program aimed at demystifying investment for a broad audience. CBLT has no ownership interest in the program, and CBLT intends to continue with the exploration and development of its portfolio of mining properties as its main business.

The program was created by, and is intended to be managed on a day-to-day basis by, an identified arm's-length third party. CBLT has been advised by the manager that the program is intended to feature on-line modules that explain mining basics, geology, exploration methods and the economics of mining, all in clear accessible language. The program may later expand to industries other than mining. The program will be operated through the winacashprize website, where interested participants may register at no cost to review the modules and take part in quizzes and puzzle games run by the manager. Correct answers and completed modules earn entries into reward draws managed by the manager.

"Investor education is part of our mission and is the responsibility of everyone in the public company industry," said Peter M. Clausi, chief executive officer of CBLT. "By helping the manager open a fun and interactive window into the mining industry, we can build a more informed audience. The program will present the mining industry in accessible ways and each time someone engages with the content, they'll also be helping communities -- the manager has built donations into its program so that participation creates shared value for local communities."

The program is strictly an outreach and marketing effort on the part of the manager, and the manager does not intend to provide financial advice. CBLT's role is limited, as agent, to having exclusive management of the cash account through which the manager will raise its funds and through which the manager will disperse funds, including to charitable or not-for-profit entities. CBLT will be compensated for this role.

The manager has advised the program is initially intended to include:

  • Quizzes and challenges: Participants can take part in quizzes and puzzle games that reinforce learning. Correct answers and completed modules earn entries into reward draws managed by the manager.
  • Prizes and donations: The program is intended to include an element where certain members of the public will be rewarded for doing research on reporting issuers. Providers of correct answers based on that research will receive prizes from the manager.

In support of the program, CBLT announces its intention to effect a non-brokered financing of units in an amount of $50,000, the proceeds of which will be used for working capital. Each unit will be priced at five cents, and will comprise one common share and one full six-cent common share purchase warrant, with a 24-month term. Closing is subject to regulatory approval.

Customary prospectus exemptions will be relied upon, including, but not limited to, the distributions to existing securityholders exemption pursuant to Section 2.9 of Ontario Securities Commission Rule 45-501. Under that Section 2.9, each person who, as of the end of business on the record date, holds any CBLT common shares is permitted to purchase from CBLT's treasury up to $15,000 of the units. Management believes this to be a very democratic means of effecting this financing. The record date is set for Friday, Aug. 7, 2026.

About CBLT Inc.

CBLT is a Canadian mineral exploration and M&A (merger and acquisition) company with a proven leadership team. Its portfolio includes active exploration projects across Canada, targeting critical minerals like lithium, cesium and cobalt, as well as gold and silver.

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