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.

 
  ON BEHALF OF Cypress Development Corp.  
 

  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: https://www.newswire.ca/en/releases/archive/May2022/05/c8143.html  

 
 

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CYPRESS DEVELOPMENT CHANGES NAME TO CENTURY LITHIUM CORP AND NEW TICKER SYMBOL 'LCE' EFFECTIVE JANUARY 30, 2023

CYPRESS DEVELOPMENT CHANGES NAME TO CENTURY LITHIUM CORP AND NEW TICKER SYMBOL 'LCE' EFFECTIVE JANUARY 30, 2023

 
 

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to announce that further to its news release dated January 24, 2023 the TSX Venture Exchange (the "TSXV") has approved the Company's name change from Cypress Development Corp. to Century Lithium Corp. The Company will also change its trading symbol from 'CYP' to ' LCE ' on the TSXV. The effective date on which the Company will begin trading under the new name and symbol is January 30, 2023 . The CUSIP number is 156615106.

 
 

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

 

The transfer agent of the Company continues to be Computershare Investor Services Inc. There is no change in the capitalization of the Company in connection with the change of name and trading symbol and no action is required by existing shareholders with respect to this matter. Shareholders holding share certificates of the Company can request a replacement certificate, however new certificates are not required and will not be automatically issued.

 

  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.

 
 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/cypress-development-changes-name-to-century-lithium-corp-and-new-ticker-symbol-lce-effective-january-30-2023-301731430.html  

 

SOURCE Cypress Development Corp. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2023/26/c0306.html  

 
 

News Provided by Canada Newswire via QuoteMedia

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CYPRESS DEVELOPMENT TO CHANGE NAME TO CENTURY LITHIUM CORP

CYPRESS DEVELOPMENT TO CHANGE NAME TO CENTURY LITHIUM CORP

 
 

  TSXV: CYP | OTCQX: CYDVF  

 

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") announces that the Board of Directors has approved a name change of the Company from Cypress Development Corp. to Century Lithium Corp.

 

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CYPRESS DEVELOPMENT PROVIDES PROGRESS UPDATE ON FEASIBILITY STUDY AND LITHIUM EXTRACTION FACILITY

CYPRESS DEVELOPMENT PROVIDES PROGRESS UPDATE ON FEASIBILITY STUDY AND LITHIUM EXTRACTION FACILITY

 
 

  TSXV: CYP | OTCQX: CYDVF  

 

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to provide a progress update on its ongoing Feasibility Study being conducted on the Company's Clayton Valley Lithium Project ("Project") near Silver Peak, Nevada and on its operational Lithium Extraction Facility ("Pilot Plant") in Amargosa Valley, Nevada .

 

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CYPRESS DEVELOPMENT ENGAGES THYSSENKRUPP NUCERA FOR DESIGN AND ENGINEERING OF CHLOR-ALKALI PLANT IN FEASIBILITY STUDY

 
 

  TSXV: CYP | OTCQX: CYDVF  

 

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) (Cypress or Company) is pleased to announce the selection of thyssenkrupp nucera USA Inc. (thyssenkrupp nucera) to provide the design and engineering for the chlor-alkali plant as part of the ongoing Feasibility Study on the Company's Clayton Valley Lithium Project in Nevada, USA (Project). The chlor-alkali plant is an essential component which will allow the Project to self-generate two key reagents required for processing lithium-bearing claystone through to a Li 2 CO 3 (lithium carbonate) product.

 

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CYPRESS DEVELOPMENT CONFIRMS PRODUCTION OF BATTERY GRADE LITHIUM CARBONATE

CYPRESS DEVELOPMENT CONFIRMS PRODUCTION OF BATTERY GRADE LITHIUM CARBONATE

 
 

  TSXV: CYP | OTCQX: CYDVF  

 

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) (Cypress or Company) is pleased to report it has achieved a significant milestone with the production of 99.94% lithium carbonate (Li 2 CO 3 ) made from lithium-bearing claystone from the Company's 100%-owned Clayton Valley Lithium Project in Nevada, USA (Project). The Li 2 CO 3 was derived from the intermediate concentrated lithium solution produced at Cypress' Lithium Extraction Facility in Amargosa Valley, Nevada (Pilot Plant). Following direct lithium extraction (DLE) at the Plant, Saltworks Technologies Inc. (Saltworks) completed the processing system design and pilot work to make the Li 2 CO 3.

 

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