- You can have the best lithium resource on the planet, but without water rights most projects will be at a severe disadvantage.
- Only three companies in Clayton Valley have substantial water rights. The valley is oversubscribed for water use. New permits are very unlikely.
- Cypress will soon have water rights, setting the company up for a successful future via joint venture or acquisition.
- Albemarle (holding the bulk of water rights in the valley) stated last January they will utilize all of their water rights.
- Albemarle also stated they are looking at clay assets. We theorize that Albemarle will approach Cypress as they are the most logical choice (given the clay assets they have).
For further details see:
Cypress Development: The Lord Of The 'Lithium' Rings