CENTURY LITHIUM CORP - CYDVF STOCK NEWS

Cypress Development Corp. is set to change its name to Century Lithium Corp. following the approval from its Board of Directors. This change includes a new ticker symbol on the TSX Venture Exchange, with an announcement on the specific date forthcoming. Cypress focuses on advancing its Clayton Valley Lithium Project in Nevada, aiming to become a domestic lithium producer for the electric vehicle and battery storage market. The name change is subject to TSXV approval and reflects the company's commitment to the lithium industry.

Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) has provided a progress update on its Clayton Valley Lithium Project and Pilot Plant in Nevada. The Pilot Plant successfully operates using the Direct Lithium Extraction process, achieving lithium carbonate production and optimizing the project's flowsheet. The feasibility study is on track for completion in Q2 2023, with infrastructure designs and cost estimates underway. Permitting arrangements are also progressing, and management is evaluating financing opportunities, including government grants. The company's goal is to become a domestic lithium producer for the electric vehicle market.

Cypress Development Corp. has selected thyssenkrupp nucera USA, Inc. to design and engineer a chlor-alkali plant for its Clayton Valley Lithium Project in Nevada, USA. This plant will produce essential reagents for processing lithium-bearing claystone into lithium carbonate (Li2CO3). The selection marks progress in the ongoing feasibility study initiated in March 2022. Test results indicate positive outcomes for lithium recovery and further engineering has been commissioned to enhance the project's viability. Completion of the feasibility study is expected by Q2 2023.

Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) announced a milestone by producing 99.94% lithium carbonate (Li₂CO₃) from its Clayton Valley Lithium Project in Nevada. This lithium was generated from an intermediate concentrated lithium solution at the Amargosa Valley pilot plant. The independent analyses confirmed the product exceeds battery-grade specifications, marking a significant achievement in their feasibility study. Cypress aims to enhance domestic lithium production for the growing electric vehicle market.

Cypress Development Corp. (TSXV: CYP, OTCQX: CYDVF) announced positive results from its recent drill program at the Clayton Valley Lithium Project in Nevada, completed in May 2022. The program successfully drilled eight holes, totaling 580 meters, achieving an impressive intersection of 70.1 meters at 1,336 ppm lithium. A total of 15 tonnes of claystone were collected for testing at the Pilot Plant. The lithium grades confirmed by Global Resource Engineering align well with predictions, aiding in the ongoing feasibility study.

Cypress Development Corp. (OTCQX: CYDVF) announced positive results from its Direct Lithium Extraction (DLE) facility in Amargosa Valley, Nevada. Lithium recovery reached an impressive 99.5% during continuous operations from March to May 2022. The high recovery rates were consistent across 76 sample sets, confirming the effectiveness of the DLE process acquired from Chemionex. Additionally, the company is authorized to release one million shares to Chemionex, securing full ownership of the DLE technology and advancing its feasibility study towards lithium production.

Cypress Development Corp. (OTCQX: CYDVF) provides an update on its ongoing Feasibility Study for the Clayton Valley Lithium Project in Nevada. Directed by Wood PLC and Global Resource Engineering, the study is on track for completion in late 2022. Key activities include a geotechnical study, continued operation of the Pilot Plant in Amargosa Valley, and the collection of a 500-ton bulk sample. The sonic drilling program was successful, yielding high-quality samples. The recent property acquisition from Enertopia will enhance resource estimates for the study.

Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) announced a significant milestone with its Lithium Extraction Facility in Amargosa Valley, Nevada. The facility successfully delivered 4,000 liters of concentrated lithium chloride solution to two Canadian laboratories for further testing to produce lithium carbonate and lithium hydroxide. The Pilot Plant has operated for six months, achieving lithium extraction rates of 80-85% and focusing on low water use and recycling all process water. The company is progressing towards a feasibility study aimed at becoming a domestic lithium producer.

Cypress Development Corp. has finalized its acquisition of Enertopia Corporation's Clayton Valley Lithium Claystone Project for US$1.1 million and the issuance of 3 million common shares. This project is adjacent to Cypress' current holdings in Nevada and is expected to enhance their resource model. CEO Dr. Bill Willoughby highlights that drilling has indicated similar lithium values, which could significantly benefit shareholders. The deal includes voting agreements and a finder’s fee of US$105,000, pending regulatory approval.