CYPRESS DEVELOPMENT CONSOLIDATES STRATEGIC LAND POSITION AT CLAYTON VALLEY, NEVADA

CYPRESS DEVELOPMENT CONSOLIDATES STRATEGIC LAND POSITION AT CLAYTON VALLEY, NEVADA

TSXV: CYP  OTCQX: CYDVF

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to announce that, together with its wholly owned subsidiary Cypress Holdings ( Nevada ) LTD, it has entered into a Definitive Purchase and Sale Agreement with Enertopia Corporation ("Enertopia") (OTCQB: ENRT) pursuant to which Cypress will acquire Enertopia's Clayton Valley Lithium Claystone Project ("Enertopia's Project") located immediately adjacent to Cypress' Clayton Valley Lithium Project in Nevada .

"We are excited to consolidate Enertopia's Project with our Project, as it will add upside, and can easily be integrated into our mine plan," stated Bill Willoughby , President and CEO of Cypress Development. "This is a strategic acquisition, and it will potentially aid in optimization, and production schedule development for our upcoming Feasibility Study."

Under the transaction, Cypress will pay US$1.1 million in cash and issue 3,000,000 common shares in the capital of Cypress ("Share Considerations") to Enertopia to purchase 100% ownership interest in Enertopia's Project. Closing is expected to be completed in April 2022 and is subject to customary approvals and closing conditions for a transaction of this nature, including approval of the Share Consideration by the TSX Venture Exchange.

Enertopia's Project is 100% owned by Enertopia and comprises 17 unpatented mining claims totaling 160 contiguous acres. A March 2020 NI 43-101 compliant technical report on Enertopia's Project states the property has 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. The resource was calculated using assay data from four core holes drilled on the property in 2018.

Qualified Person

Daniel Kalmbach , CPG, is the "Qualified Person" as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this news release.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium exploration company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA . Work completed by Cypress led to the discovery of a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. Cypress is advancing its Clayton Valley Lithium Project in Nevada towards the production of high-purity lithium hydroxide suitable for tier one battery usage.

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-consolidates-strategic-land-position-at-clayton-valley-nevada-301489671.html

SOURCE Cypress Development Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/February2022/24/c8844.html

News Provided by Canada Newswire via QuoteMedia

CYP:CA
The Conversation (0)
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.

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

Keep reading...Show less
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.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
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 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
CYPRESS DEVELOPMENT ENGAGES THYSSENKRUPP NUCERA FOR DESIGN AND ENGINEERING OF CHLOR-ALKALI PLANT IN FEASIBILITY STUDY

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.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
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.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Gina Rinehart, executive chair of Hancock Prospecting, stands in front of cherry blossom trees.

Inside Billionaire Gina Rinehart's Key Mining Investments

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry.

After taking the helm of her father’s iron ore firm Hancock Prospecting in 1993, she embarked upon a diversification strategy that has vastly expanded her resource empire. Now Australia’s richest person, Rinehart has investments in many of the world’s most strategic commodities such as lithium, rare earths, copper, potash and natural gas.

One of those investments is Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), which even in a low price environment for rare earths managed to secure nearly AU$1.5 billion in debt financing in mid-2024 to advance its Nolans project in the Northern Territory. With a 10 percent equity stake, Rinehart’s Hancock Prospecting is Arafura's largest shareholder.

Keep reading...Show less
Democratic Republic of Congo flag waving against a clear blue sky.

Billionaire-backed KoBold Metals Secures DRC Licenses in Push for Manono Lithium

KoBold Metals, a US-backed mining firm supported by billionaires Jeff Bezos and Bill Gates, has received seven new permits to explore for lithium in the Democratic Republic of Congo (DRC).

The DRC mining registry confirmed on Wednesday (August 27) that the permits cover ground in both the Tanganyika and Haut-Lomami provinces, including four in Manono territory, home to the massive Roche Dure lithium deposit.

The approvals follow a July agreement between KoBold and the DRC government that positioned the company to acquire and develop the disputed Manono project, considered one of world's largest untapped lithium deposits.

Keep reading...Show less
Stacked lithium-ion batteries beside upward arrow chart symbol.

Pilbara Minerals Boosts Annual Production Despite Challenging Lithium Market

Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) has released results for its 2025 fiscal year.

For the lithium producer, the highlight was its record spodumene concentrate production, which it said reflects its “strong operational performance.” Its output reached 754,600 tonnes for the period, up 4 percent.

Pilbara attributes the production increase to its P680 and P1000 expansion projects.

Keep reading...Show less
Lithium symbol with batteries and rocks in the background.

Global Lithium Resources Receives Mining Lease for Manna Lithium Project

Western Australia’s Minister for Mines, Petroleum and Exploration has granted Global Lithium Resources’ (ASX:GL1) flagship project Manna lithium project mining lease M28/414.

In a Monday (August 25) release, Global Lithium said that the mining lease covers a term of 21 years pursuant to the Mining Act 1978.

“The granting of this mining lease is a transformative moment for (us) and (our) shareholders,” commented Managing Director Dr. Dianmin Chen. “This achievement, coming so soon after the successful native title mining agreement, validates our focused strategy and the diligent work of our team and partners.”

Keep reading...Show less
Successful Due Diligence Ends - $20M Placement To Proceed

Successful Due Diligence Ends - $20M Placement To Proceed

Galan Lithium (GLN:AU) has announced Successful Due Diligence Ends - $20m Placement To Proceed

Download the PDF here.

Latest Press Releases

Related News

×