Century Lithium Stock Price, News & Analysis

Cypress Development Corp. (OTCQX: CYDVF) has successfully qualified to trade on the OTCQX Best Market as of December 21, 2021. This upgrade enhances access for U.S. investors and supports market awareness for the company's Clayton Valley Lithium Project in Nevada. OTCQX is tailored for established companies adhering to high financial standards and governance practices. This step is expected to bolster visibility among U.S. investors and facilitate better engagement with Cypress's growing investor base.

Cypress Development Corp. (TSXV: CYP, OTCQX: CYDVF) announced a legal challenge regarding its Nevada water Permit 44411. A junior exploration company filed a petition for review against the Nevada State Engineer's approval of an extension of time to prevent forfeiture of the Permit. Cypress and Nevada Sunrise Gold Corp. believe the approval was justified and will actively oppose the petition, which does not affect Cypress's ability to apply for water use for its lithium project. Cypress is advancing its Clayton Valley Lithium Project, aiming for production of high-purity lithium hydroxide.

Cypress Development Corp. (TSXV: CYP, OTCQB: CYDVF) announced the completion of the purchase of Permit 44411 and Certificate 13631 from Intor Resources Corp. for US$2,000,000 and US$850,000 in shares. This Permit is crucial for the company's Clayton Valley Lithium Project in Nevada, allowing for the appropriation of 1,770 acre-feet of groundwater per year. This acquisition secures a significant portion of the water resources needed for development amidst the competitive water landscape in Nevada.

Cypress Development Corp. (TSXV: CYP | OTCQB: CYDVF) has successfully initiated a pilot plant start-up for lithium extraction at its Clayton Valley Lithium Project in Nevada. After 72 hours of continuous operation, initial results indicate promising lithium grades between 350 to 700 ppm. The Lionex Direct Lithium Extraction process is functioning effectively, with low impurity solutions being produced. Final assay results are pending, expected to provide further insights into operational efficiency.

Cypress Development Corp. (OTCQB: CYDVF) reported a significant cash inflow of $6,949,791 from the exercise of 4,741,189 warrants between October 1 and November 29, 2021. This addition boosts their cash reserves, which were $19.8 million as of September 30, 2021. The warrants, initially issued during a financing deal in March 2021, had an exercise price of $1.75. The company currently holds 12,262,253 outstanding warrants, maintaining a strong financial position for future developments.

Cypress Development Corp. (TSXV: CYP | OTCQB: CYDVF) announces the resignations of Mr. Donald Huston and Ms. Amanda Chow from its Board of Directors, effective immediately. Huston has been a pivotal figure since the company's inception in 1997, significantly contributing to its growth. The company expresses its gratitude for their service. Cypress is focused on developing its Clayton Valley Lithium Project in Nevada, recognized for its world-class lithium resource, further confirmed by a positive Pre-Feasibility Study in August 2020.

Cypress Development Corp. is advancing its Clayton Valley Lithium Project in Nevada, announcing the start of extraction testing of lithium-bearing claystone at its pilot plant in Amargosa Valley. The test employs chloride-based leaching with the Chemionex-Lionex process for Direct Lithium Extraction (DLE). CEO Bill Willoughby confirmed the pilot plant is functioning as intended and is set to optimize lithium extraction based on prior recommendations. This initiative is a significant step towards increasing lithium production capabilities.

Cypress Development Corp. (TSXV: CYP | OTCQB: CYDVF) announces an extension from the Nevada Division of Water Resources for Nevada Sunrise Gold Corp's Water Right Permit 44411 until August 28, 2022. This extension is crucial for Cypress's pending purchase of the Permit, vital for the Clayton Valley Lithium Project in Esmeralda County, Nevada. The transaction entails a total cost of US$3 million, with an initial US$150,000 already paid. The remaining US$2.85 million will involve cash and share payments, pending regulatory approvals.

Cypress Development Corp. (TSXV: CYP | OTCQB: CYDVF) announced that all resolutions were passed at its Annual General & Special Meeting on October 28, 2021. A total of 15,827,720 shares (12.57% of outstanding) were voted. Shareholders approved the number of directors at 8 and re-elected the board members, including Ken Owen, who brings over 40 years of mining experience. The meeting also saw the approval of the Long Term Incentive Plan and the re-appointment of Davidson & Company as auditors. Cypress focuses on its Clayton Valley Lithium Project in Nevada.