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Couloir Capital has Published a New Research Note on Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (FSE: C1Z1) ("CYP" or "Company"). The report is titled, "Feasibility Study Commenced, Ongoing Pilot Plant Testing Yields Positive Results."

The report can be accessed through Couloir Capital's portal: https://www.couloircapital.com/research-portal.

Report excerpt: "CYP continues to make progress with key strategic and operational initiatives discussed in our previous update, with key objectives including:

  • Pilot Plant Operations: CYP continues to test extraction processes at the pilot-scale to ascertain the viability of commercial-scale processing at Clayton Valley. As CYP continues to progress on pilot testing of lithium extraction, it is also working towards advancing Clayton Valley to the next stage of the development cycle with commencement of a FS. As CYP continues to fine tune the processing methodology at its plant, we expect findings will be incorporated into the FS.

  • Water Rights: CYP has progressed in securing the necessary water rights needed to support commercial-scale operations, addressing a key development bottleneck.

  • Expanding Mineralized Footprint: CYP acquired the Clayton Valley Lithium Project of Enertopia Corp., which comprises 17 unpatented mining claims covering 160 acres. The property has a compliant resource, which comprises 82 mt of 1,121 ppm Li (indicated) and 18 mt of 1,131 ppm Li (inferred). The resource is based on four core holes drilled in 2018. By acquiring ENRT's property, CYP has consolidated Clayton Valley into a larger property and increased its mineralized base, growing potential captive feedstock for future operations.

Moving forward, we expect that the key catalysts on the horizon include further progress with the FS, additional pilot plant developments around lithium recovery, and capital structure change events. We expect these catalysts to be material if they imply advancement of CYP's project, with the most likely valuation triggers to be related to the completion of the Clayton Valley FS."

About Couloir Capital Ltd.

Couloir Capital Ltd. is an investment research firm comprised of a team of veteran investment professionals dedicated to providing world-class opportunities in the natural resource exploration and development sectors along with real and alternative asset classes and strategies.

For further information, please contact:

Robert Stitt, Managing Director, Couloir Capital Ltd.
Email: rstitt@couloircapital.com
www.couloircapital.com

Disclosure: A service agreement exists between Couloir Capital and the Company.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129924

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CYPRESS DEVELOPMENT ANNOUNCES DRILL RESULTS FROM CLAYTON VALLEY LITHIUM PROJECT, NEVADA

CYPRESS DEVELOPMENT ANNOUNCES DRILL RESULTS FROM CLAYTON VALLEY LITHIUM PROJECT, NEVADA

TSXV: CYP | OTCQX: CYDVF

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to report results from the recently completed drill program at its 100%-owned Clayton Valley Lithium Project ("Project"), in Nevada, USA . A sonic drill program was conducted in May 2022 to obtain sample material for lithium extraction testing at the Company's Lithium Extraction Facility ("Pilot Plant") in Amargosa Valley, Nevada and to supplement the Project's resource model for the Feasibility Study that is currently underway.

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Cypress Development Announces Positive Direct Lithium Extraction Results

Cypress Development Announces Positive Direct Lithium Extraction Results

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to announce positive results from the Direct Lithium Extraction ("DLE") portion of its Lithium Extraction Facility ("Pilot Plant") in Amargosa Valley, Nevada . Assays received from samples collected during continuous operating cycles in March, April, and May, 2022, revealed an average lithium recovery of 99.5% within the DLE portion of the Pilot Plant. These high lithium recoveries were accompanied with high levels of impurity rejection.

Cypress Development Corp. Logo (CNW Group/Cypress Development Corp.)

"We are very pleased with the DLE results from the Pilot Plant" said Bill Willoughby , Cypress President, and CEO. "Thanks to Chemionex, vendors of the DLE process, and the work of our team, the results are consistent over time and sufficient to give Cypress confidence in this part of our overall process. The information gained from the testing along with the license to the technology are important steps for Cypress and the ongoing Feasibility Study."

The DLE area is one part in the Pilot Plant and consists of a proprietary process and equipment acquired from Chemionex, Inc. Overall, lithium extraction begins in the Pilot Plant with acid leaching a slurry of lithium-bearing claystone. The lithium solution obtained from leaching then passes through several steps before entering the DLE process. In continuous 24-hour-per-day tests from the end of March through mid-May 2022 , lithium recoveries in the DLE portion were consistently above 99%. These high lithium recoveries were observed in 76 sets of feed and discharge samples. The samples were collected at 6-hour intervals over the operating periods and were assayed at ALS Global for lithium and other elements. Rejection of major cations, calcium and magnesium, during the period was also above 99%.

Based on these results, Cypress' Board of Directors has authorized the release of one million Cypress shares being held in escrow to Chemionex, thereby satisfying the terms of its July 5, 2021 , Share Purchase and License Agreement. With the completion of the purchase agreement, Cypress acquires full ownership of the equipment and a royalty-free license in perpetuity to use the Chemionex technology at its Pilot Plant and at the Company's Clayton Valley Lithium Project. The shares released are subject to the policies of the TSX Venture Exchange.

Qualified Person

Todd Fayram , MMSA-QP, is the qualified persons as defined by National Instrument 43-101 and have approved of the technical information in this release.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA . Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a feasibility study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Cypress Development Corp.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

www.cypressdevelopmentcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/cypress-development-announces-positive-direct-lithium-extraction-results-301571845.html

SOURCE Cypress Development Corp.

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CYPRESS DEVELOPMENT PROGRESS ON FEASIBILITY STUDY

CYPRESS DEVELOPMENT PROGRESS ON FEASIBILITY STUDY

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to provide an update on the progress of the ongoing Feasibility Study for the Company's Clayton Valley Lithium Project, in Nevada, USA . The Feasibility Study is under the direction of Wood PLC ("Wood") and Global Resource Engineering ("GRE") and all related work is proceeding well, and it remains on track for completion in late 2022.

Cypress Development Progress on Feasibility Study (CNW Group/Cypress Development Corp.)

Activity Highlights:
  • Geotechnical study in progress
  • Continued operation of the Pilot Plant
  • 500-ton bulk sample collected for further metallurgical material
  • Sonic drill program completed consisting of 580 meters in eight drill holes
  • Resource model updated with data from recently acquired property
Geotechnical Program

Wood personnel conducted on-site visits in supervising the collection of geotechnical data for the foundation design of the Company's processing plant site and tailings storage facility. The samples collected for Wood's geotechnical program were shipped to materials testing laboratories, and additional on-site work is planned in the next month.

GRE personnel conducted site visits in preparation to work on the Project's resources and reserves. GRE personnel supervised the collection of a suite of large-diameter core samples for assay and geotechnical testing, which will provide further information for GRE's work on the mine design.

Lithium Extraction Facility ("Pilot Plant")

Testing continues at Cypress' Pilot Plant in Amargosa Valley , 100 miles southeast of the Clayton Valley Lithium Project site. The Pilot Plant is now working in its 12 th cycle of continuous 24-hr per day testing. The tests are ongoing to examine efficiencies in processing, testing various configurations in equipment and operating conditions, and the plant continues to produce concentrated lithium solutions for use in downstream product testing.

Wood's process engineering team is working with Continental Metallurgical Services and the data from the Pilot Plant, to develop mass balance and equipment sizing. Wood's engineers are also working on the overall project infrastructure, including selection and design of access roads, plant equipment, power, and water supplies.

Bulk Sample

To support continued testing, a 500-tonne sample of claystone was excavated in late April from an engineered test-pit and transported to the Company's operations headquarters at the Tonopah airport, where it will be crushed, screened, and bagged in preparation for treatment at the Company's Pilot Plant. The sample was collected near DCH-1, and in the vicinity of the planned starter-pit for mining in the Feasibility Study.

"We are pleased with the bulk sampling work. The size of the bulk sample may be larger than necessary for the Pilot Plant to provide adequate information for the Feasibility Study" said President and CEO Bill Willoughby . "This sample, however, allows us to examine lithium grade and other properties in the claystone over a larger volume. It also ensures we have material on hand, should we need it, for future tests or continued operations."

Sonic Drill Program

Cypress is continuing to log and sample core from a sonic drill program which commenced and was completed in May. The purpose of the drill program was to obtain large-diameter (6-inch) continuous core. Eight locations were selected for metallurgical, geotechnical, lithological purposes. Each hole yielded 1.9 to 2.3 tonnes of claystone which will be used in metallurgical testing at the Company's Pilot Plant to examine if there are any variations in performance due to depth, location, or material type in the deposit.

Four of the holes (CSV-1 through CVS-4) were completed in the central portion of the project in the vicinity of the proposed starter-pit and the 500-tonne bulk sample.  Four other holes (CVS-5 through CVS-8) were completed in the northeast portion of the project on and near the parcel of property recently acquired from Enertopia Corporation ("Enertopia"). In addition to providing metallurgical sample material, these latter four holes will provide confirmation of the data from Enertopia's previous drilling.

"The drilling program proceeded better than expected and was very successful in this first application of sonic drilling in Clayton Valley" stated Daniel Kalmbach , Cypress Manager, Geology and QP. "The quality of the large-diameter core samples are excellent and will provide further valuable data for the Feasibility Study."

Resource Model

The recent addition of land acquired from Enertopia (see news release dated May 5, 2022 ) resulted in the addition of five core holes which were drilled by Enertopia in 2018. This property comprises 17 unpatented mining claims totaling 160 contiguous acres immediately adjacent to Cypress's Project. A March 2020 NI 43-101 compliant technical report (published by Enertopia) on the property shows an Indicated resource of 82 million tonnes (mt) of 1,121 parts per million (ppm) Li and an Inferred resource of 18 mt of 1,131 ppm Li using a cutoff grade of 400 ppm Li. Cypress has not independently confirmed the resource indicated in the March 2020 NI 43-101 report.

All data received from the property acquisition has been incorporated into the project database and is expected to be used by GRE to generate the resource and reserve estimates and develop the mine plan for the Feasibility Study

Qualified Person

Daniel Kalmbach , CPG, is the qualified persons as defined by National Instrument 43-101 and have approved of the technical information in this release.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA . Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a feasibility study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

WILLIAM WILLOUGHBY , PhD., PE

President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Cypress Development Corp.

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CYPRESS DEVELOPMENT DELIVERS SOLUTION FROM PILOT PLANT FOR TESTING PRODUCTION OF LITHIUM CARBONATE AND LITHIUM HYDROXIDE

CYPRESS DEVELOPMENT DELIVERS SOLUTION FROM PILOT PLANT FOR TESTING PRODUCTION OF LITHIUM CARBONATE AND LITHIUM HYDROXIDE

TSXV: CYP | OTCQX: CYDVF

Cypress Development Corp. ( TSXV: CYP ) (OTCQX: CYDVF ) (Frankfurt: C1Z1 ) ( " Cypress" or " the Company") is pleased to report that the  Company's Lithium Extraction Facility ("Pilot Plant") in Amargosa Valley, Nevada continues to operate successfully, reaching a milestone in the delivery of concentrated lithium solution to two laboratories in Canada for further testing in the production of lithium products.

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CYPRESS DEVELOPMENT COMPLETES ENERTOPIA ASSET ACQUISITION

CYPRESS DEVELOPMENT COMPLETES ENERTOPIA ASSET ACQUISITION

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to announce that it has completed its acquisition of Enertopia Corporation's ("Enertopia") Clayton Valley Lithium Claystone Project ("Enertopia Project") located adjacent to the Cypress Clayton Valley Lithium Project in Nevada ("Cypress Project").

Cypress Development Completes Enertopia Asset Acquisition Logo (CNW Group/Cypress Development Corp.)

"We are pleased with the addition of Enertopia's property," commented Dr. Bill Willoughby , President, and CEO of Cypress. "The property is a continuation of the lithium-bearing units in Cypress' project, with Enertopia's drilling having shown similar values of lithium. With this consolidation, the data will be incorporated into our resource model and has the potential to enhance the project through our Feasibility Study underway. We expect this consolidation of Clayton Valley lithium claystone projects to be of significant value for both Enertopia and Cypress shareholders."

The purchase consideration for the Enertopia Project comprised US$1.1 million in cash and the issuance of 3,000,000 common shares in the capital of Cypress ("Consideration Shares"). The transaction also included Enertopia entering into an Irrevocable Proxy and Voting Agreement and Lock-Up Agreement with Cypress in relation to the Consideration Shares. (See Company's February 24, 2022 new release for further information).  In terms of these agreements, Enertopia inter alia agreed to; (i) vote in favor of shareholder resolutions supported by Cypress' Board of Directors (ii) certain limitations to the circumstances under which it could sell the Consideration Shares, and (iii) a 12-month standstill in relation to certain corporate activities pertaining to Cypress shares.

In connection with the transaction, the Company has agreed to pay a finder's fee of US$105,000 to an arm's-length party, subject to TSX Venture Exchange approval.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA . Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/cypress-development-completes-enertopia-asset-acquisition-301540735.html

SOURCE Cypress Development Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/05/c8143.html

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TINONE ANNOUNCES U.S. TRADING ON THE OTCQB VENTURE MARKET UNDER SYMBOL TORCF

TINONE ANNOUNCES U.S. TRADING ON THE OTCQB VENTURE MARKET UNDER SYMBOL TORCF

(TSX-V: TORC) (OTCQB: TORCF)

TinOne Resources. Inc. (TSXV: TORC) (OTCQB: TORCF) (FRA: 57Z0) (" TinOne " or the " Company ") is pleased to announce that it has qualified to trade on the OTCQB® Venture Market in the United States and its common shares are now trading on the OTCQB under the ticker symbol "TORCF". TinOne will continue to trade on the TSX Venture Exchange in Canada under the symbol "TORC" and on the Frankfurt Exchange under the symbol "57Z0".

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ACME Lithium Announces New Lithium Discovery at Clayton Valley, Nevada

ACME Lithium Announces New Lithium Discovery at Clayton Valley, Nevada

ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to report positive sample results from the recently drilled DH-1 hole at its Clayton Valley lithium brine project located in Esmeralda County, Nevada. The Company's significant new lithium discovery has initiated Phase 2 planning and procurement of an expanded drilling and pump test program.

DH-1 was drilled to a total depth of 1400 feet (427) meters below ground surface and intersected multiple productive horizons including the targeted basal gravel aquifer at an approximate depth of 1,250 feet (381 meters) below ground surface (bgs).

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Avalon Provides Update on Separation Rapids Lithium Project

Avalon Provides Update on Separation Rapids Lithium Project

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its preparations for the installation and commissioning of its demonstration Dense Media Separation ("DMS") plant for the Separation Rapids Lithium Project north of Kenora, Ontario.

Roadwork and site preparation work for the installation and commissioning of the DMS plant have commenced at the Avalon Quarry site along the Avalon Road to the Separation Rapids project site. The Avalon Quarry site is a permitted Aggregate Quarry located approximately 2 km north of the Sand Lake Road and approximately 7 km south of the project site. Aggregate for the road work will be produced at this Quarry as part of an initiative to prepare the road for heavy equipment transport and to prepare the site for the DMS plant installation.

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Canada Silver Cobalt Appoints Gerhard Kiessling as Vice President Exploration

Canada Silver Cobalt Appoints Gerhard Kiessling as Vice President Exploration

(TheNewswire)

Canada Silver Cobalt Works Inc.

Coquitlam, BC TheNewswire - August 17, 2022 - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") announces the appointment of Gerhard Kiessling, P.Geo., as Vice President Exploration, succeeding Matthew Halliday, P.Geo., who will continue as President and Chief Operating Officer.

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Alpha Lithium Reports First Operational Results in Hombre Muerto Salar, Argentina

Alpha Lithium Reports First Operational Results in Hombre Muerto Salar, Argentina

-- Company Reports Vertical Electrical Sounding ("VES") Results on its Santo Tomas Property in Hombre Muerto Salar

-- Company Progresses Additional VES Campaign on its Gran Victoria Property in Hombre Muerto Salar

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Fortune Minerals Negotiates Agreement in Principle to Extend the Term of Its 2015 Debentures

Fortune Minerals Negotiates Agreement in Principle to Extend the Term of Its 2015 Debentures

New United States Inflation Reduction Act includes measures to positively impact North American critical minerals supply chains

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that it has reached an agreement in principle with the holders of its debentures issued in 2015 (the " 2015 Debentures ") to extend their maturity from August 12, 2022 to November 30, 2022. The extension of the maturity date of the 2015 Debentures remains subject to finalizing and executing definitive documentation between the Company and the holders of the 2015 Debentures (the " Extension Documents ").

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