Cypress Development Corp. (TSXV:CYP)

Mining

Natural resource mining company Cypress Development Corp. is primarily involved in the acquisition, development, evaluation, and exploration of lithium resources. Cypress Development Corp. is publicly listed on the TSXV, trading under the ticker symbol CYP.

In addition to the TSXV, the mineral mining company is also listed and trades its common shares on the OTCQB market and Frankfurt Stock Exchange (FSE) under the ticker symbols CYDVF and C1Z1, respectively.

The Vancouver-based lithium exploration company owns 100 per cent of the Clayton Valley Project, situated in southwestern Nevada in the United States. The Clayton Valley Lithium Project lies in proximity to Albemarle Silver Peak Mine, an area covering 5,430 acres.

Cypress Development Corp., through its exploration operations, identified lithium-bearing claystone in proximation to the brine field. The project is equipped with road connectivity, and served with a rail system and air transportation nearby as well as power, and water supply.

According to the Pre-Feasibility Study, PFS report, the mineral resources and reserves at the Clayton Valley Lithium Project indicated an average daily production rate of 15,000 tons for the yearly production of 27,400 tons of lithium carbonate equivalent with an expected mine life of some 40 years.

Currently, the company is focused on undertaking a pilot plant study and a feasibility study at the project site. The company is also working on getting a mine and metallurgical plant permit to advance the project.

Cypress Development Corp. also owns a 100 per cent stake in the Gunman Project, situated in White Pine County, Nevada. The company conducted five RC drillings at the Gunman Project and identified near-surface zinc and silver mineralization. The company signed an option agreement with Pasinex Resources Limited wherein the latter company could acquire up to an 80 per cent stake in the Gunman Zinc-Silver Project.

In a press release dated July 6, 2021, Cypress Development Corp. signed a license agreement with Chemionex Inc. to utilize its proprietary Direct Lithium Extraction technology and equipment.

Contact Information

company address 1610 - 777 Dunsmuir Street PO Box 10427 Vancouver, BC V7Y 1K4

company phone604 687-3376

company email[email protected]

company websitehttps://www.cypressdevelopmentcorp.com/

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