Century Lithium - CYDVF STOCK NEWS

Cypress Development Corp. has announced that its pilot plant for the Clayton Valley Lithium Project is nearing commissioning, with most components operational. The team is focusing on on-site assaying capabilities and completing necessary installations. Testing will begin after inspections. President Bill Willoughby emphasized the team's diligence in overcoming scheduling and supply challenges. The pilot plant will be operated by Continental Metallurgical Services, in cooperation with Chemionex Inc. for lithium extraction processes.

Cypress Development Corp. (TSXV: CYP, OTCQB: CYDVF) has entered into a Water Rights Purchase and Sale Agreement with Intor Resources Corporation for a Water Rights Permit in Clayton Valley, Nevada. This Permit allows 1,770 acre-feet of water per year for mining, milling, and domestic use, vital for their lithium project. The purchase price totals US$3 million, with an initial cash payment of US$150,000 already made. The final US$2.85 million payment will follow necessary approvals. The agreement is subject to TSX Venture Exchange approval.

Cypress Development Corp. (OTCQB: CYDVF) reported progress on its pilot plant assembly, with major components onsite and commissioning planned for August 2021. Key electrical subcomponents are delayed due to Covid-19-related supply issues. The company is also advancing its Letter of Intent with Intor Resources Corp for purchasing water rights in Clayton Valley, Nevada, having made necessary payments under the agreement. Additionally, Spiros Cacos will join as Vice President, Investor Relations, effective August 1, 2021, bringing over 20 years of experience in the mineral sector.

Cypress Development Corp. (CYDVF) has announced a share purchase and license agreement with Chemionex Inc. to acquire licensing rights for its Direct Lithium Extraction technology, the Lionex Process, for use at the Clayton Valley Lithium Project. The deal involves a cash payment of CAN$100,000, an additional CAN$250,000 in escrow, and issuance of one million Cypress shares. The acquisition is expected to enhance Cypress's lithium extraction capabilities, crucial for addressing the growing demand in the energy storage market.

Cypress Development Corp. (OTCQB: CYDVF) announces the appointment of Cassandra Joseph, Esq. to its Board of Directors. With over 20 years of experience in natural resource, environmental and corporate law, Joseph is currently Senior Vice President and General Counsel for Nevada Copper Corp. Her expertise is expected to aid Cypress as it progresses towards a feasibility study and permitting for its Clayton Valley Lithium Project in Nevada. This project is a significant source of lithium for the growing energy storage market, being adjacent to North America's only lithium brine operation.

Cypress Development Corp. (CYDVF) has announced progress on its pilot plant construction in Nevada, with equipment deliveries on track and assembly expected by month-end. The plant aims to extract lithium from the Clayton Valley Lithium Project, anticipated to be operational by July 2021. Cypress has partnered with Chemionex for expertise in direct lithium extraction technology, enhancing their pilot plant capabilities. The project follows recommendations from a prefesability study, with operations supervised by Continental Metallurgical Services.

Cypress Development Corp. has entered a Letter of Intent (LOI) with Intor Resources Corp. for acquiring water rights in Clayton Valley, Nevada, crucial for its lithium project. The LOI stipulates a US$3 million purchase price, with $25,000 non-refundable upon signing and $125,000 due after a 45-day due diligence, followed by a final payment of US$2 million in cash and US$850,000 in shares. The water rights are vital for the project, given the scarcity of groundwater resources in the region.

Cypress Development Corp. (TSX-V: CYP, OTCQB: CYDVF) has appointed Mr. Abraham (Braam) Jonker as its new Chief Financial Officer. Jonker brings nearly 30 years of mining industry experience, including a previous role as CFO at Nevada Copper Corp. He is recognized for his expertise in financial management and strategic growth. The appointment follows the transition of Acting CFO James Pettit to a Non-Executive Director position. Jonker's leadership is expected to drive the Clayton Valley Lithium Project towards a feasibility study, enhancing the company's position in the lithium market.

Cypress Development Corp. has successfully closed its upsized public offering, issuing 15,640,000 Units at C$1.25 each, generating gross proceeds of C$19,550,000. Each Unit consists of one common share and one warrant exercisable at C$1.75 until March 22, 2024. The net proceeds will support the ongoing work at the Clayton Valley Lithium Project in Nevada and general working capital. The offering was underwritten by PI Financial Corp., and the securities are not registered under U.S. law.