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. (OTCQX: CYDVF) generates news primarily around the development of its 100%-owned Angel Island lithium project in Esmeralda County, Nevada. Company updates often focus on technical milestones in lithium extraction, project permitting, and progress toward feasibility-level development of what it describes as one of the largest sedimentary lithium deposits in the United States.
News releases highlight Century Lithium’s patent-pending chloride leaching and Direct Lithium Extraction process, including the production of battery-grade lithium carbonate product samples and high-purity lithium hydroxide at its Demonstration Plant in Nevada. The company also reports on test work showing high recoveries of rare earth elements and critical metals from Angel Island leach solutions, underscoring potential by-product opportunities alongside lithium carbonate and surplus sodium hydroxide generated through its chlor-alkali process.
Investors following CYDVF can expect regular updates on permitting and regulatory milestones, such as Angel Island’s designation as a FAST-41 Transparency project and the completion of baseline environmental studies supporting the federal NEPA process. Additional news often covers the relocation and enhancement of the Demonstration Plant, feasibility study optimization, and corporate developments that support the advancement of Angel Island.
This news feed provides a centralized view of Century Lithium’s disclosures on project progress, technical test results, and corporate actions related to Angel Island. For those tracking lithium and critical minerals in North America, CYDVF news offers insight into how the company is working to advance an integrated, end-to-end lithium project aimed at supplying battery-grade materials to the electric vehicle and energy storage markets.
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.
Cypress Development Corp. (TSX-V: CYP, OTCQB: CYDVF) reported on its annual general meeting held on October 14, 2020. Key outcomes include the re-election of directors William Willoughby, Donald Huston, James Pettit, Donald Myers, and Amanda Chow. Shareholders approved the renewal of the Shareholder Rights Plan, the reappointment of Davidson & Company as auditors, and the renewal of the Incentive Stock Option Plan. Cypress is focused on developing its Clayton Valley Lithium Project in Nevada, which is positioned to impact the lithium supply for the growing energy storage battery market.