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 .

Highlights
  • The Pilot Plant continues to function as designed, working to optimize the Project's flowsheet. The Plant leaches lithium-bearing claystone material, through to the production of concentrated lithium solution using the Company's Direct Lithium Extraction ("DLE") process.

  • Additional piloting runs will take place at Saltworks Technologies, Inc. following the successful production of lithium carbonate ("Li 2 CO 3 ") from the Pilot Plant's concentrated lithium solutions.

  • The Project's Feasibility Study is on schedule and is continuing to advance toward an anticipated second quarter 2023 completion.

  • Arrangements are proceeding to initiate federal, state, and local permitting for the Project, with compilation of data and evaluation of related infrastructure, including access, water, and power supply corridors.

  • Ahead of the Feasibility Study and permitting, Cypress management is assessing personnel needs and future Project financing opportunities and structures, which may include government grants and loans.
Pilot Plant

Cypress continues to conduct testing at its Pilot Plant with the support of del Sol Refining, Inc. Since its start-up, the Pilot Plant has operated in 28 cycles of continuous 24/7 operation, with minimal down-time and maintenance matters. The test work was conducted using multiple configurations and equipment to best replicate the Project flowsheet. In the testing to date, nearly 10,000 samples of solutions, solids and precipitates have been collected and analyzed. Other data collection, including recording of flow rates and physical conditions at key sample points throughout the Pilot Plant, has been conducted, with particular attention to the DLE section of the Pilot Plant to develop the Project's mass-balance calculations, and to finalize the flowsheet for the Feasibility Study.

Pilot Plant testing has achieved targets in most areas, including operating with 100% recycled solutions. Specific challenges were addressed with sufficient results to aid in the completion of the Feasibility Study. Further testing in 2023 is planned to confirm the overall process, continue to demonstrate the flowsheet, and produce samples of Li 2 CO 3. Additional 1000-liter lots of concentrated lithium solution from the DLE section of the Pilot Plant will be shipped to Saltworks Technologies, Inc, in Richmond, B.C. , Canada by month end.

2023 plans for the Pilot Plant include testing alternate reagents and equipment, which may include identification of potential by-products, and ways to enhance impurity removal and the DLE process area. Additional space within the Pilot Plant building has been prepared for this work.

Feasibility Study

The Feasibility Study is advancing on schedule, with completion anticipated by mid-year. On-site infrastructure designs, including, mine, processing plant, and tailings and waste storage facilities are completed. Cost estimating and market studies are underway, along with assessments for construction, component lead-time and off-site infrastructure. Completion of the Feasibility Study will then await integration of the design and cost estimates for the acid plant underway by thyssenkrupp nucera.

In addition, Cypress management is assessing personnel needs and future Project financing opportunities and structures, which may include government grants and loans.

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-provides-progress-update-on-feasibility-study-and-lithium-extraction-facility-301727681.html

SOURCE Cypress Development Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2023/23/c5041.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... Keep Reading...
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. The Company will also change the... Keep Reading...
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... Keep Reading...
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... Keep Reading...
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... Keep Reading...
SAGA Metals Announces Closing of Fully Subscribed Non-Brokered Private Placement and Provides Corporate Update

SAGA Metals Announces Closing of Fully Subscribed Non-Brokered Private Placement and Provides Corporate Update

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES. Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the closing of its... Keep Reading...
Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million

Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million

October 9, 2025 THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR IMMEDIATE RELEASE. Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (" Western " or the " Company ") is pleased to announce that, further to its news release... Keep Reading...
Trading Halt

Trading Halt

Altech Batteries (ATC:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

Green Technology Metals (GT1:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million

Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (" Western " or the " Company ") is pleased to announce that it has entered into an engagement agreement with A.G.P. Canada... Keep Reading...
Altech - Spherical Coated Silicon Achieves 88.5% Retention

Altech - Spherical Coated Silicon Achieves 88.5% Retention

Altech Batteries (ATC:AU) has announced Altech - Spherical Coated Silicon Achieves 88.5% RetentionDownload the PDF here. Keep Reading...

Latest Press Releases

Related News