VANCOUVER, BC, Sept. 21, 2021 /CNW/ - Cypress
Development Corp. (TSXV: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1)
("Cypress" or "the Company") is pleased to report that its pilot
plant for the Clayton Valley Lithium Project is in its final stages
of preparation prior to commissioning. The majority of components
are assembled and operational. Ongoing work focusses on
on-site assaying capability, and the completion of instrumentation,
electrical and compressed air supply. Testing will commence
following inspections and approvals.
"The personnel on-site are working diligently on the necessary
tasks for the pilot program and will start testing on
claystone from our project when completed," stated Bill Willoughby, President and CEO of Cypress.
"We are pleased to be at this stage considering a number of
scheduling and supply factors we have surmounted. We
are progressing with the pilot program in a safe and
deliberate fashion to provide information to advance the project
and support its feasibility study."
The pilot plant operation will be administered by Continental
Metallurgical Services LLC in conjunction with Cypress and
technical staff provided by del Sol Refining Inc. Commissioning and
operation of the plant will be conducted in conjunction with
Chemionex Inc. who will oversee the Lionex DLE Lithium Extraction
stage of the pilot program.
About Cypress Development Corp.
Cypress Development Corp. is a Canadian advanced-stage
lithium exploration company, focused on developing its 100%-owned
Clayton Valley Lithium Project in Nevada,
USA. Work completed by Cypress led to the discovery of a
world-class resource of lithium-bearing claystone adjacent to the
Albemarle Silver Peak mine, North
America's only lithium brine operation. The results of a
positive Pre-Feasibility Study for the Clayton Valley Lithium
Project were announced by Cypress Development in August 2020. Cypress Development trades on the
TSX Venture Exchange under the symbol CYP, and on the OTCQB under
the symbol CYDVF.
ON BEHALF OF CYPRESS DEVELOPMENT CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & CEO
www.cypressdevelopmentcorp.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE
CONTENT OF THIS NEWS RELEASE.
Cautionary Note Regarding Forward-Looking
Statements
This release includes certain statements that may be deemed
to be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration, and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cypress-development-provides-update-on-clayton-valley-lithium-projects-pilot-plant-status-301381108.html
SOURCE Cypress Development Corp.