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. (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.