Battery Metals

cyp stock

Cypress Development Provides Update on the Clayton Valley Lithium Project's Pilot Plant and Appointment of Vice President, Investor Relations

Cypress Development Corp. ( TSX-V: CYP ) ( OTCQB: CYDVF ) ( Frankfurt: C1Z1 ) ("Cypress" or "the Company") is pleased to announce that it is nearing completion of the assembly of its pilot plant; and all major components are on site including the Chemionex portion of the process. The Company is awaiting the arrival of key electrical subcomponents, delayed due to supply constraints related to Covid-19. The claystone samples have been collected and are currently undergoing preparation and analysis at Cypress' Tonopah, Nevada site prior to its shipment to the Amargosa Valley, Nevada pilot plant site. Cypress is planning to commission the pilot plant in August.

Cypress is also pleased to announce the appointment of Mr. Spiros Cacos as Vice President, Investor Relations effective August 1, 2021. Mr. Cacos is an Investor Relations & Corporate Communications executive with over 20 years of comprehensive experience with a primary focus in mineral companies, including grassroots, development, and production. He brings to Cypress his extended network within the financial community, together with investment advisors, portfolio managers, industry analysts, and media outlets throughout North America, the United Kingdom, and Europe. Mr. Cacos holds a Master of Arts degree in International Relations and Diplomatic Studies from Schiller International University, Paris, France and a Bachelor of Arts Degree from Simon Fraser University, Canada.

Regarding progress associated with Cypress' previously announced Letter of Intent ("LOI") with Intor Resources Corp ("Intor"), a wholly owned subsidiary of Nevada Sunrise Gold Corp., for the purchase of Intor's water rights in Clayton Valley, Nevada, the Company reports it has made the payments under the terms of the LOI, and the parties are proceeding with the preparation of the definitive agreement.

About Cypress Development Corp.:

Cypress Development Corp. is a publicly traded company focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, U.S.A. Exploration, and development by Cypress lead 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. The size of the resource makes the Clayton Valley Project a premier American source that has the potential to impact the supply of lithium for the fast-growing energy storage battery market.

To find out more about Cypress Development Corp. (TSX-V: CYP ), visit our website at .

Cypress Development Corp.

"Dr. Bill Willoughby"

Chief Executive Officer

For further information contact me or:
Don Myers
Cypress Development Corp.
Director, Corporate Communications
Telephone: +1 (604) 639-3851
Toll Free: +1 (800) 567-8181
Facsimile:   +1 (604) 687-3119


This release includes certain statements that may be deemed to be "forward-looking statements". 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 for further information.

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Century Lithium

Century Lithium

Keep reading...Show less
red tesla car in front of a charging station

Where Does Tesla Get its Lithium? (Updated 2023)

As the energy transition continues to unfold, US electric vehicle (EV) pioneer Tesla (NASDAQ:TSLA) has been making moves to secure supply of the raw materials it needs to meet its production targets.

Lithium in particular has caught the attention of CEO Elon Musk. Back in 2020, the battery metal had a spotlight moment at Tesla’s Battery Day, when Musk shared that the company had bought tenements in the US state of Nevada, and was looking for a new way to produce lithium from clay — a process yet to be proven at commercial scale.

Since then, lithium prices have hit all-time highs and, despite retreating in 2023, have stayed elevated. Prices for other key battery metals have also increased, leading to higher costs for batteries themselves. According to Benchmark Mineral Intelligence, raw materials currently make up about 80 percent of battery costs, up from around 40 percent back in 2015.

Keep reading...Show less
graphic of a battery coming out of a circle

Top 11 Battery Metals Stocks on the TSX and TSXV in 2023

Last year was a breakout period for many battery metals due to the ever-strengthening electric vehicle market. Although in many cases prices have cooled from those peaks, the sector is still going strong.

For those who want to get more specific, check out the Investing News Network's Q1 2023 updates on lithium and nickel, as well as our 2022 reviews of cobalt and graphite, which outline the recent performance of these commodities.

Unsurprisingly, companies focused on these resources are in the limelight, and many are seeing strong year-to-date gains. Below the Investing News Network has gathered the top battery metals stocks on the TSX and TSXV with year-to-date gains, focusing on companies operating in the lithium, cobalt and graphite sectors, with a special mention to nickel.

Keep reading...Show less
ford logo with lithium periodic symbol

Ford Inks Multiple Lithium Supply Deals to Meet Ambitious EV Targets

US carmaker Ford (NYSE:F) moved ahead on Monday (May 22) to secure supply of lithium, a key battery element needed for the 2 million electric vehicles (EVs) the company hopes to produce by 2026.

As the race to find stable and quality sources of battery raw materials heats up, the Michigan-based company has inked multiple lithium supply deals with companies operating in North America and countries with free trade agreements with the US.

As a result of these deals, Ford will be able to benefit from tax credits under the US Inflation Reduction Act, legislation that kicked off last year to support the buildout of a more resilient domestic EV supply chain.

Keep reading...Show less

Cygnus Identifies 67 Pegmatites And Spodumene Grading Up To 1.2% Li2o

Auclair is Cygnus’ second lithium project in James Bay alongside its Pontax project; Cygnus’ first drilling program at Auclair is set to start in July

Cygnus Metals Limited (ASX:CY5)is pleased to announce highly promising results from a desktop study on its Auclair project in Canada’s lithium-rich James Bay region.

Keep reading...Show less
Beyond Lithium

Beyond Lithium

Keep reading...Show less

SQM Announces Long-Term Lithium Supply Agreement with Ford Motor Company

- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for production of electric vehicles.

The agreement between Ford and SQM will ensure the supply of battery-grade lithium carbonate and lithium hydroxide, essential components to manufacture high-performance electric vehicle batteries. The origin of SQM's lithium should help Ford vehicles to qualify for the Inflation Reduction Act (IRA) consumer tax credit and will help support its plans to produce electric vehicles and expand its presence in the global electric mobility markets.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News