Welcome to our dedicated page for Century Lithium news (Ticker: CYDVF), a resource for investors and traders seeking the latest updates and insights on Century Lithium stock.
Century Lithium Corp. develops the 100%-owned Angel Island Lithium Project in Nevada, a lithium claystone project designed to produce battery-grade lithium carbonate. Company news commonly covers federal and environmental permitting, NI 43-101 feasibility study work, mineral resource and reserve disclosures, and development of its patent-pending process that combines industrial raw material leaching, direct lithium extraction and chlor-alkali processing.
Updates also address the company's Nevada demonstration plant, reagent and co-product strategy, including sodium hydroxide, by-product testing such as rare earth element recovery, and management appointments tied to technical, environmental, operational and financial oversight.
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.
Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) has engaged Torrey Hills Capital, a California-based investor relations firm, to enhance market awareness and investor engagement. This partnership aims to build and maintain an informed investor audience in the U.S. and Canada, with a focus on the microcap market. Torrey Hills Capital will receive US$7,000 per month for an initial one-year term. The appointment is subject to regulatory acceptance by the TSX Venture Exchange. Cypress is advancing its Clayton Valley Lithium Project in Nevada, targeting high-purity lithium hydroxide production.
Cypress Development Corp. has successfully completed a 14-day operating test at its lithium extraction pilot plant in Nevada. The test demonstrated a 97% utilization rate across the plant and achieved reagent consumption aligned with projected recoveries of 80-85%. Over 700 samples were collected for analysis. However, an equipment failure limited the amount of product solution targeted for shipment. The company aims to enhance its unique lithium extraction process, progressing towards high-purity lithium hydroxide production suitable for battery usage.
Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) has successfully completed a 7-day continuous run at its lithium extraction pilot plant in Nevada, achieving its designed feed rate of one ton per day. The pilot plant experienced minor operational issues, meeting expectations in materials handling and water balance. Additionally, the lease with del Sol Refining Inc. has been extended through 2025, allowing for further facility use and support. This positions Cypress well to advance its Clayton Valley Lithium Project into the next year.
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.