Cypress Development Corp. is pleased to announce that, through the Company’s U.S. subsidiary, Cypress Holdings Ltd., the Company has fulfilled its obligations under its 2016 Option Agreement for the purchase of 100% interest in the Glory Property in Esmeralda County, Nevada. The Company completed the purchase on schedule with a cash payment of USD $75,000 and issuance of 250,000 common shares of Cypress shares to [...]
Cypress Development Corp. is pleased to announce that Dr. Corby G. Anderson has joined the Company’s Advisory Board. Dr. Anderson is a registered engineer with nearly 40 years of global experience in industrial operations, corporate level management, consulting, engineering design, research and education and is an expert in the fields of extractive metallurgy, mineral processing, waste minimization and recycling. He [...]
Cypress Development Corp. announces that it proposes to issue to Willoughby & Associates, PLLC, a company controlled by William Willoughby, CEO of the Company, 74,410 common shares of the Company, at a price of $0.165 each for a total value of $12,277.80, as part of compensation for geotechnical services for the period October 1, 2018 to December 31, 2018, pursuant to the Consulting Agreement dated January 1, 2018. The [...]
Cypress Development Corp. is pleased to provide an update on the Company’s Clayton Valley Lithium Project in Nevada. Cypress is making progress on the work towards the prefeasibility study outlined in its recently completed Preliminary Economic Assessment , including an infill drilling program, further metallurgical testing, and the initiation of baseline studies. “Cypress is continuing to work on steps to [...]
Cypress Development Corp. is pleased to announce that it has entered into a Definitive Agreement with Dajin Resources Corp. on Dajin’s Alkali Spring Valley Lithium Property, in Esmeralda County, Nevada. Under the terms of the agreement, Cypress has the exclusive right and option to acquire a 50% undivided interest in Dajin’s 145 unpatented mining claims and application for water rights in Alkali Spring Valley [...]
Cypress Development Corp. announces, pursuant to its stock option plan, that the Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 2,600,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.22 per share. The Company's 10% rolling stock option plan was approved by the shareholders at [...]
Cypress Development Corp. is pleased to announce it has closed an over-subscribed non-brokered private placement financing for total gross proceeds of $2,010,646. The Company has allotted and issued 9,139,300 units at a price of $0.22 per Unit. Each Unit is comprised of one common share and one transferable warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period [...]
Cypress Development is pleased to announce that due to strong interest, the Company is increasing the previously announced non-brokered private placement to 9,000,000 units at a price of $0.22 each to raise gross proceeds of up to $1,980,000. Each unit will consist of one common share and one warrant exercisable to purchase one additional common share at a price of $0.33 each for a period of 3 years from the date of [...]
“STATES” Cypress Development Corp. announces a non-brokered private placement of up to 5,000,000 Units at a price of $0.22 per Unit to raise gross proceeds of up to $1,100,000. Each Unit will consist of one common share of the Company and one share purchase Warrant entitling the holder to purchase an additional common share at a price of $0.33 for a period of three years. Proceeds of the offering will finance [...]
Cypress Development Corp. is pleased to announce that it has entered into a non-binding letter of intent with Dajin Resources Corp. on Dajin’s Alkali Spring Valley Lithium Property. The property is located 12 kilometers northeast of Cypress’ Clayton Valley Lithium Project in Nevada. Under the Letter Agreement, Cypress has the exclusive right and option to acquire a 50% undivided interest in Dajin’s [...]
Cypress Development Corp. announces that it proposes to issue to Willoughby & Associates, PLLC, a company controlled by William Willoughby, CEO of the Company, 56,831 common shares of the Company, at a price of $0.205 each for a total value of $11,650.50, as part of compensation for geotechnical services for the period July 1, 2018 to September 30, 2018, pursuant to the Consulting Agreement dated January 1, 2018. The [...]
Cypress Development Corp. is pleased to announce that a National Instrument 43-101 Technical Report titled “Preliminary Economic Assessment Technical Report for Clayton Valley Lithium Project, Esmeralda County, Nevada” has been filed. The Report is available for review under the Company's profile on SEDAR at www.sedar.com, and on the Company's website at www.cypressdevelopmentcorp.com. The Report was prepared [...]