Cypress Development Corp. is pleased to report newly received assays of drill cores which the Company recently acquired. The cores are from four holes drilled as shown in the figure below and located in an area south of the proposed mine area in the Company’s May 2020 Prefeasibility Study . The assay results are summarized in the accompanying [...]
Cypress Development Corp. is pleased to announce, further to its News Release on May 19, 2020, the full Prefeasibility Study of the Clayton Valley Lithium Project in Nevada, U.S.A. was filed on SEDAR and is available on the Company’s web site. The PFS was prepared by Continental Metallurgical Services and Global Resource Engineering and has an [...]
Cypress Development Corp. is pleased to announce positive results from a Prefeasibility Study of the Company’s Clayton Valley Lithium Project in Nevada, U.S.A. The PFS was prepared by Continental Metallurgical Services and Global Resource Engineering . Todd Fayram , Terre Lane , and Daniel Kalmbach are the authors. Highlights: Average production [...]
Cypress Development Corp. is pleased to report it has reached a final settlement agreement in its legal proceedings against Centrestone Resources LLC , a Nevada limited liability company. As previously announced, the Fifth Judicial Court of the State of Nevada in and for the County of Esmeralda on February 6, 2020, entered its written order for [...]
Cypress Development Corp. is pleased to report the test program at NORAM Engineering and Constructors Ltd. is complete and initial results are positive. As reported in a November 14, 2019 press release, NORAM was contracted to examine the downstream portion of the revised extraction flowsheet for Cypress’ Clayton Valley Lithium Project in Nevada [...]
Cypress Development Corp. is pleased to provide an update on its legal proceedings against Centrestone Resources LLC , a Nevada limited liability company. As announced by Cypress in a January 31, 2019 press release, on January 22, 2019, the Company's U.S. subsidiary, Cypress Holdings Ltd., filed a Complaint in the Fifth Judicial Court of the State [...]
Cypress Development Corp. announces it has received a USD $100,000 payment from Pasinex Resources Limited . The payment is in continuation of the 2017 Option Agreement on the Spur zinc-silver property in Nevada. In continuation of the amended agreement, the Company also received 200,000 shares of Pasinex on September 11th, 2019 . For further [...]
Cypress Development Corp. is pleased to report the Company has contracted NORAM Engineering and Constructors Ltd. of Vancouver, BC to conduct concept testing for the Company’s Clayton Valley Lithium Project in Nevada. The test work will focus on the downstream portion of the revised extraction flowsheet and run in parallel with completion of the [...]
Cypress Development Corp. is pleased to announce that it has received an aggregate $817,199 from the exercise of share purchase warrants. A total of 6,288,070 warrants were exercised since August 8, 2019 at $0.13 price and $0.125. The warrants were issued in connection with previous non-brokered private placement financings. About Cypress [...]
Cypress Development Corp. announces that it has agreed to extend the terms of the 2017 earn-in option agreement with Pasinex Resources Limited and Caliber Minerals Inc. on the Spur zinc exploration property in Nevada, USA. The agreement changes the date of the $100,000 option payment, payable to Cypress, to December 11th, 2019. It also defers the [...]
Cypress Development Corp. is pleased to report the successful completion of slurry rheology and filtration studies integral to the prefeasibility study of the Company’s Clayton Valley Lithium Project. The results come after months of testing by laboratories and detailed review with consultants and equipment vendors. The results represent a [...]
Cypress Development Corp. has granted an aggregate of 1,550,000 incentive stock options to officers, directors and consultants of the Company. The Options are exercisable at $0.18 per share for a period of five years from the date of grant. The Options have been granted under and are governed by the terms of the Company's incentive stock option [...]