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Century Lithium Corp (CYDVF) is an advanced lithium company, focusing on the development of its 100%-owned Clayton Valley Lithium Project in Nevada, USA. The company is in the pilot stage of testing on lithium-bearing claystone material at its Lithium Extraction Facility, with the goal of becoming a domestic producer for the electric vehicle and battery storage market. Century Lithium has recently completed a Feasibility Study that highlights robust economics, unique chlor-alkali, and direct lithium extraction processes, indicating a 17.2% after-tax Internal Rate of Return (IRR) and a $3.16 billion Net Present Value (NPV) at an 8% discount rate.
Cypress Development Corp. announced that a petition for judicial review regarding the dismissal of its Water Right Permit 44411 was dismissed with prejudice by the Fifth Judicial Court of Esmeralda County, Nevada. This decision solidifies the Company’s right to appropriate 1,770 acre-feet of groundwater annually for its Clayton Valley Lithium Project, a crucial resource in a fully appropriated basin. The extension, approved on November 2, 2021, is valid until August 28, 2022. Cypress aims to advance lithium production for the electric vehicle market.
Cypress Development Corp. announced positive interim results from its Lithium Extraction Pilot Plant in Amargosa Valley, Nevada. The tests yielded a lithium concentration of 2,700 ppm with minimal impurities, aligning with prior studies. Extraction rates are 83-85%, while lithium recovery from the ion exchange process exceeds 98%. Sodium and potassium removal is around 80%, contributing to overall impurity removal above 99%. The pilot plant is undergoing improvements to enhance efficiency, and a webinar discussing these results is scheduled for March 30, 2022.
Cypress Development Corp. has initiated a Feasibility Study on its Clayton Valley Lithium Project in Nevada, engaging Wood PLC and Global Resource Engineering as lead consultants. Wood will oversee the overall report, focusing on infrastructure and environmental responsibilities, while GRE focuses on geological assessments and mining plans. Wood brings extensive expertise, having conducted over 300 reports since 2001. This study aims to advance the project towards producing high-purity lithium hydroxide for battery applications.
Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) has engaged Torrey Hills Capital, a California-based investor relations firm, to enhance market awareness and investor engagement. This partnership aims to build and maintain an informed investor audience in the U.S. and Canada, with a focus on the microcap market. Torrey Hills Capital will receive US$7,000 per month for an initial one-year term. The appointment is subject to regulatory acceptance by the TSX Venture Exchange. Cypress is advancing its Clayton Valley Lithium Project in Nevada, targeting high-purity lithium hydroxide production.
Cypress Development Corp. has successfully completed a 14-day operating test at its lithium extraction pilot plant in Nevada. The test demonstrated a 97% utilization rate across the plant and achieved reagent consumption aligned with projected recoveries of 80-85%. Over 700 samples were collected for analysis. However, an equipment failure limited the amount of product solution targeted for shipment. The company aims to enhance its unique lithium extraction process, progressing towards high-purity lithium hydroxide production suitable for battery usage.
Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) has successfully completed a 7-day continuous run at its lithium extraction pilot plant in Nevada, achieving its designed feed rate of one ton per day. The pilot plant experienced minor operational issues, meeting expectations in materials handling and water balance. Additionally, the lease with del Sol Refining Inc. has been extended through 2025, allowing for further facility use and support. This positions Cypress well to advance its Clayton Valley Lithium Project into the next year.
Cypress Development Corp. (OTCQX: CYDVF) has successfully qualified to trade on the OTCQX Best Market as of December 21, 2021. This upgrade enhances access for U.S. investors and supports market awareness for the company's Clayton Valley Lithium Project in Nevada. OTCQX is tailored for established companies adhering to high financial standards and governance practices. This step is expected to bolster visibility among U.S. investors and facilitate better engagement with Cypress's growing investor base.
Cypress Development Corp. (TSXV: CYP, OTCQX: CYDVF) announced a legal challenge regarding its Nevada water Permit 44411. A junior exploration company filed a petition for review against the Nevada State Engineer's approval of an extension of time to prevent forfeiture of the Permit. Cypress and Nevada Sunrise Gold Corp. believe the approval was justified and will actively oppose the petition, which does not affect Cypress's ability to apply for water use for its lithium project. Cypress is advancing its Clayton Valley Lithium Project, aiming for production of high-purity lithium hydroxide.
Cypress Development Corp. (TSXV: CYP, OTCQB: CYDVF) announced the completion of the purchase of Permit 44411 and Certificate 13631 from Intor Resources Corp. for US$2,000,000 and US$850,000 in shares. This Permit is crucial for the company's Clayton Valley Lithium Project in Nevada, allowing for the appropriation of 1,770 acre-feet of groundwater per year. This acquisition secures a significant portion of the water resources needed for development amidst the competitive water landscape in Nevada.
Cypress Development Corp. (TSXV: CYP | OTCQB: CYDVF) has successfully initiated a pilot plant start-up for lithium extraction at its Clayton Valley Lithium Project in Nevada. After 72 hours of continuous operation, initial results indicate promising lithium grades between 350 to 700 ppm. The Lionex Direct Lithium Extraction process is functioning effectively, with low impurity solutions being produced. Final assay results are pending, expected to provide further insights into operational efficiency.
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