Cypress Development Corp. is pleased to report the first stage in the scoping level study into the extraction of lithium using chloride-based leaching is completed. This work consisted of preparation and acid leaching of a large sample from the Company’s Clayton Valley Lithium Project and was accomplished at Continental Metallurgical Services Inc. in Butte, Montana. Samples of the leach solution and the initial and final [...]
Cypress Development Corp. reports it is initiating a scoping level study into the extraction of lithium using chloride-based leaching. This decision follows the test results reported in the Company’s November 24, 2020 news release. The data indicates a higher rate of lithium extraction in leaching claystone with hydrochloric acid than with sulfuric acid when in the presence of high chloride levels. The Company has engaged [...]
Cypress Development Corp. announces the Company has reached an agreement with Pasinex Resources Limited and Caliber Minerals Inc. to change the terms relating to the earn-in option agreement on Cypress’ Gunman zinc exploration property in Nevada, USA. The agreement extends the deadline to complete the conditions to earn an initial 51% interest in the Gunman Project to December 31, 2022 and extends the deadline to complete [...]
Cypress Development Corp. reports the completion of additional metallurgical testing following the positive Prefeasibility Study published on the Company’s 100%-owned Clayton Valley Lithium Project in Nevada, USA. The testing was conducted at Continental Metallurgical Services in Montana and NORAM Engineering in British Columbia, in preparation for the Company’s pilot plant program as outlined in the PFS. Highlights [...]
Cypress Development Corp. is pleased to announce that it held its annual general meeting on October 14, 2020. The Company reports that William Willoughby, Donald Huston, James Pettit, Donald Myers and Amanda Chow were re-elected directors of the Company. Shareholders also approved the Company’s Shareholder Rights Plan , the re-appointment of Davidson & Company, Chartered Accountants, as auditors and approved the renewal [...]
Cypress Development Corp. , developer of a world class lithium claystone deposit in Nevada, announced today, the Company, as an industrial partner with several high tech research entities, has been encouraged along with its partners in full project proposal submissions to the Department of Energy , Office of Energy Efficiency and Renewable Energy . This has culminated in the recent formal submittal of two lithium project [...]
Cypress Development Corp. announced today that it has entered into a Shareholder Rights Plan , subject to all necessary regulatory and shareholder approval. The Plan is designed to ensure that the Company’s shareholders are treated fairly in the event of a take-over bid for the Company’s common shares and that the Company’s Board of Directors and shareholders will have adequate time to evaluate any unsolicited take-over [...]
Cypress Development Corp. is pleased to announce an updated Mineral Resource Estimate at the Company’s Clayton Valley Lithium Project in Nevada, USA. The work was completed by Global Resource Engineering located in Denver, Colorado. The updated Mineral Resource Estimate for the project utilizes the same economic and mining parameters found in the Company’s May 2020 Prefeasibility Study . The August 2020 Mineral Resource [...]
Cypress Development Corp. has granted an aggregate of 350,000 incentive stock options to advisors and consultants of the Company. The Options are exercisable at $0.345 per share for a period of five years from the date of grant. The Options have been granted under and are governed by the terms of the Company's incentive stock option plan. The issuance of incentive stock options is subject to TSX Venture Exchange [...]
Cypress Development Corp. announces that it proposes to issue to Mr. Thomas Erwin, a partner of Erwin Thompson Faillers, 308,303 common shares of the Company, at a price of $0.26 each for a total of $80,160 as part of compensation for services rendered from 2018 to present. The Company is pleased to continue to have Mr. Erwin as its U.S. legal counsel and advisor to the Company. The issuance of shares is subject to TSX [...]
Cypress Development Corp. is pleased to report newly received assays of drill cores which the Company recently acquired. The cores are from four holes drilled as shown in the figure below and located in an area south of the proposed mine area in the Company’s May 2020 Prefeasibility Study . The assay results are summarized in the accompanying table. Clayton Valley Lithium Project CM Series Drill Holes Drill Hole Depth [...]
Cypress Development Corp. is pleased to announce, further to its News Release on May 19, 2020, the full Prefeasibility Study of the Clayton Valley Lithium Project in Nevada, U.S.A. was filed on SEDAR and is available on the Company’s web site. The PFS was prepared by Continental Metallurgical Services and Global Resource Engineering and has an Effective Date of May 19, 2020. Todd Fayram , Terre Lane , and Daniel Kalmbach [...]
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