Century Lithium Corp.

Cypress Development Corp. 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 Development Corp. is pleased to announce that it has entered into a share purchase and license agreement with Chemionex Inc. , an Ontario based company, and an arm's length third party . The Agreement formalizes the terms of acquisition of a license to use Chemionex's proprietary technology for Direct Lithium Extraction at Cypress' Clayton Valley Project. The acquisition includes pilot plant equipment designed and [...]

Cypress Development Corp. is pleased to announce that Cassandra Joseph, Esq., has been appointed to the Company's Board of Directors. Ms. Joseph is an attorney with more than 20 years of experience working in the U.S. in natural resource, environmental and corporate law. She is presently Senior Vice President, General Counsel and Corporate Secretary for Nevada Copper Corp., and Director and Chair of the Governance and [...]

Cypress Development Corp. is pleased to provide an update on its ongoing pilot plant construction in Nevada. Equipment deliveries are on track and plant assembly is expected to commence by month end at the leased facility in Amargosa Valley. The plant remains on schedule is expected to be fully operational in July 2021. The Company has entered into a services agreement with Chemionex Inc. , an Ontario based company and [...]

Cypress Development Corp. is pleased to announce that it has entered into a Letter Of Intent with Intor Resources Corp., a wholly owned subsidiary of Nevada Sunrise Gold Corp., for the purchase of Intor's water rights in Clayton Valley. The Transaction is subject to the terms of the LOI and is a major milestone towards the fulfillment of the water supply requirements of Cypress' Clayton Valley Lithium Project. Terms of [...]

Cypress Development Corp. is pleased to announce the appointment of Mr. Abraham Jonker as Chief Financial Officer of the Company. Acting CFO James Pettit will continue to serve on the Board of Directors as a Non-Executive Director. Mr. Jonker is an accomplished financial leader in the mining industry with almost 30 years of experience. He recently served as CFO of Nevada Copper Corp, where he led the corporate finance [...]

Cypress Development Corp. announces that it has initiated the selection and purchasing of materials to commission a pilot plant and extraction facility for the lithium-bearing claystone from its Clayton Valley Lithium Project in Nevada. The pilot plant program is a required step in advancing the Clayton Valley Lithium Project to production. The purpose of the program is to ensure all the processes work together as a [...]

Cypress Development Corp. is pleased to announce that it has closed its previously announced and upsized "bought deal" public offering of units of the Company with PI Financial Corp. as the sole underwriter and bookrunner . The Underwriter exercised the over-allotment option in full and as a result the Company issued a total of 15,640,000 Units at a price of C$1.25 per Unit for gross proceeds of C$19,550,000 . Each Unit [...]

Cypress Development Corp. reports additional valuable advances in the Company's scoping-level study of chloride-based leaching to recover lithium from the claystone at its Clayton Valley Lithium Project. As described in the December 3rd and 16th 2020 news releases, the Company initiated an investigation into chloride-based leaching and the potential economic and environmental benefits over sulfide-based leaching. Progress [...]

Cypress Development Corp. is pleased to report it received a Biological Baseline Report for the Company’s Clayton Valley Lithium Project. The report was prepared by consultants, Stantec Consulting Services Inc. of Reno, Nevada, and documents biological surveys conducted during 2020. The work was conducted in the course of environmental due diligence studies at the Project. The data will aid in the design of a [...]