Century Lithium Stock Price, News & Analysis

Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) announced a milestone by producing 99.94% lithium carbonate (Li₂CO₃) from its Clayton Valley Lithium Project in Nevada. This lithium was generated from an intermediate concentrated lithium solution at the Amargosa Valley pilot plant. The independent analyses confirmed the product exceeds battery-grade specifications, marking a significant achievement in their feasibility study. Cypress aims to enhance domestic lithium production for the growing electric vehicle market.

Cypress Development Corp. (TSXV: CYP, OTCQX: CYDVF) announced positive results from its recent drill program at the Clayton Valley Lithium Project in Nevada, completed in May 2022. The program successfully drilled eight holes, totaling 580 meters, achieving an impressive intersection of 70.1 meters at 1,336 ppm lithium. A total of 15 tonnes of claystone were collected for testing at the Pilot Plant. The lithium grades confirmed by Global Resource Engineering align well with predictions, aiding in the ongoing feasibility study.

Cypress Development Corp. (OTCQX: CYDVF) announced positive results from its Direct Lithium Extraction (DLE) facility in Amargosa Valley, Nevada. Lithium recovery reached an impressive 99.5% during continuous operations from March to May 2022. The high recovery rates were consistent across 76 sample sets, confirming the effectiveness of the DLE process acquired from Chemionex. Additionally, the company is authorized to release one million shares to Chemionex, securing full ownership of the DLE technology and advancing its feasibility study towards lithium production.

Cypress Development Corp. (OTCQX: CYDVF) provides an update on its ongoing Feasibility Study for the Clayton Valley Lithium Project in Nevada. Directed by Wood PLC and Global Resource Engineering, the study is on track for completion in late 2022. Key activities include a geotechnical study, continued operation of the Pilot Plant in Amargosa Valley, and the collection of a 500-ton bulk sample. The sonic drilling program was successful, yielding high-quality samples. The recent property acquisition from Enertopia will enhance resource estimates for the study.

Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) announced a significant milestone with its Lithium Extraction Facility in Amargosa Valley, Nevada. The facility successfully delivered 4,000 liters of concentrated lithium chloride solution to two Canadian laboratories for further testing to produce lithium carbonate and lithium hydroxide. The Pilot Plant has operated for six months, achieving lithium extraction rates of 80-85% and focusing on low water use and recycling all process water. The company is progressing towards a feasibility study aimed at becoming a domestic lithium producer.

Cypress Development Corp. has finalized its acquisition of Enertopia Corporation's Clayton Valley Lithium Claystone Project for US$1.1 million and the issuance of 3 million common shares. This project is adjacent to Cypress' current holdings in Nevada and is expected to enhance their resource model. CEO Dr. Bill Willoughby highlights that drilling has indicated similar lithium values, which could significantly benefit shareholders. The deal includes voting agreements and a finder’s fee of US$105,000, pending regulatory approval.

Cypress Development Corp. announced that a petition for judicial review regarding the dismissal of its Water Right Permit 44411 was dismissed with prejudice by the Fifth Judicial Court of Esmeralda County, Nevada. This decision solidifies the Company’s right to appropriate 1,770 acre-feet of groundwater annually for its Clayton Valley Lithium Project, a crucial resource in a fully appropriated basin. The extension, approved on November 2, 2021, is valid until August 28, 2022. Cypress aims to advance lithium production for the electric vehicle market.

Cypress Development Corp. announced positive interim results from its Lithium Extraction Pilot Plant in Amargosa Valley, Nevada. The tests yielded a lithium concentration of 2,700 ppm with minimal impurities, aligning with prior studies. Extraction rates are 83-85%, while lithium recovery from the ion exchange process exceeds 98%. Sodium and potassium removal is around 80%, contributing to overall impurity removal above 99%. The pilot plant is undergoing improvements to enhance efficiency, and a webinar discussing these results is scheduled for March 30, 2022.

Cypress Development Corp. has initiated a Feasibility Study on its Clayton Valley Lithium Project in Nevada, engaging Wood PLC and Global Resource Engineering as lead consultants. Wood will oversee the overall report, focusing on infrastructure and environmental responsibilities, while GRE focuses on geological assessments and mining plans. Wood brings extensive expertise, having conducted over 300 reports since 2001. This study aims to advance the project towards producing high-purity lithium hydroxide for battery applications.