CYDVF - Cypress Development (CYDVF) - Recent Share Price Weakness Offers Investors an Attractive Entry Point

Well positioned to meet growing demand for lithium. Cypress Development is advancing its 100%-owned Clayton Valley Lithium Project near Silver Peak, Nevada. Cypress intends to mine Nevada claystone, produce a high-grade lithium concentrate solution and apply a licensed lithium extraction process based on ion-exchange to produce lithium carbonate or hydroxide. Clayton Valley could go into production as early as 2025, following the completion of a feasibility study by year-end 2022, a two-year permitting period which could begin mid-year 2022, and one-year construction period. We have assumed commercial production commences in 2026.Enertopia acquisition closed. Cypress Development recently completed its acquisition of Enertopia’s lithium claystone project adjacent and at the northwest end of its own Clayton Valley lithium project. The acquisition adds seventeen unpatented mining claims totaling 160 contiguous acres and will be rolled into Cypress’ own resource model and feasibility study which is expected by year-end 2022. The acquired property could extend the pit outline to the northeast and provide material that could enhance the production schedule in the early years. Read More >>