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Cypress Development Corp. (CYP.V)

TSXV - TSXV Real Time Price. Currency in CAD
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1.2300+0.0300 (+2.50%)
At close: 3:58PM EDT
Full screen
Previous Close1.2000
Open1.2400
Bid1.2100 x 0
Ask1.2300 x 0
Day's Range1.2000 - 1.2500
52 Week Range0.1600 - 2.4500
Volume320,299
Avg. Volume606,395
Market Cap147.631M
Beta (5Y Monthly)1.53
PE Ratio (TTM)N/A
EPS (TTM)-0.0120
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.48
  • Cypress Development Commences Development of Pilot Plant for the Clayton Valley Lithium Project in Nevada
    GlobeNewswire

    Cypress Development Commences Development of Pilot Plant for the Clayton Valley Lithium Project in Nevada

    VANCOUVER, British Columbia, March 25, 2021 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) announces that it has initiated the selection and purchasing of materials to commission a pilot plant and extraction facility for the lithium-bearing claystone from its Clayton Valley Lithium Project in Nevada. The pilot plant program is a required step in advancing the Clayton Valley Lithium Project to production. The purpose of the program is to ensure all the processes work together as a single unit, and to identify and resolve any scale-up or potential operational issues. The pilot plant is planned to operate at a rate of one tonne/day and will be designed for correct interaction and testing of the major components within the extraction process and assessment of the resulting lithium products. The operation of the pilot plant will provide essential data for the planned feasibility study and also enable Cypress to produce marketing samples to support negotiations with potential offtake and strategic partners. Assembly of the pilot plant is expected to be completed by the end of the second quarter 2021. The pilot plant will be located at a metallurgical facility south of Beatty, Nevada, at del Sol Refining, which is permitted under the State of Nevada for chemicals use with permits in place with the U.S. Environmental Protection Agency (EPA). The del Sol facility has a fully equipped assay lab, power, and MSHA trained operating staff and personnel. del Sol Refining Facilities, Nevada photo 1:https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_del_sol_refining_facility_photo_1.jpgdel Sol Refining Facilities, Nevada photo 2:https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_del_sol_refining_facility_photo_2.jpgdel Sol Refining Facilities, Nevada photo 3:https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_del_sol_refining_facility_photo_4.jpg The Company, under the direction of Continental Metallurgical Services, is purchasing equipment for the pilot plant, including the thickeners and pumps for tailings and process handling. The equipment will be modified and/or refurbished as required at AC/DC Fabrication and Welding LLC in Winnemucca, Nevada. The selection of thickener equipment was based on successful solids-liquid separation results obtained from Pocock Industrial Inc. earlier this year. The results were part of the Company’s scoping-level study utilizing chloride-based leaching to liberate lithium from the claystones. Based on these results, the Company will continue its work using a chloride-based approach for the initial configuration of the pilot plant. “The results from our internal scoping study were positive and demonstrated a number of benefits for using a chloride-based approach,” said Cypress CEO Bill Willoughby. “While trade-offs do exist, we are confident at this juncture to design the pilot plant with focus on chloride leaching. A sulfate-based approach, as detailed in the project’s Prefeasibility Report, remains a viable alternative should new information prove otherwise.” With the proceeds of the recently closed bought deal financing Cypress now has over $20 million in its treasury and is fully financed to advance the Clayton Valley Lithium Project to a feasibility study. “There was much effort put into completing this financing,” said Cypress CEO Bill Willoughby. “Cypress is grateful for the work completed by the Cypress team, including our consultants, legal, and accounting personnel, and our professional and technical advisors. The Company is in a very strong position now and we can turn our full attention to accelerate project development work and rapidly advance the Clayton Valley Lithium Project towards production.” Qualified Person: Todd Fayram, MMSA-QP, is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release. About Cypress Development Corp.: Cypress Development Corp. is a publicly traded exploration company focused on developing the Company’s 100%-owned Clayton Valley Lithium Project in Nevada. Exploration and development by Cypress discovered a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. The size of the resource makes the Clayton Valley Project a premier source that has the potential to impact the supply of lithium for the fast-growing global energy storage battery market. Clayton Valley Lithium Project, Nevada Claims Map:https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_cypress_-_albemarle_properties_map.jpg To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com. CYPRESS DEVELOPMENT CORP. “Dr. Bill Willoughby” WILLIAM WILLOUGHBY, PhD., PEChief Executive Officer For further information contact myself or: Don MyersCypress Development Corp.Director, Corporate CommunicationsTelephone: 604-639-3851Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@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. 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.

  • Cypress Development Announces Closing of Bought Deal Offering Including Full Exercise of Over-Allotment Option
    GlobeNewswire

    Cypress Development Announces Closing of Bought Deal Offering Including Full Exercise of Over-Allotment Option

    VANCOUVER, British Columbia, March 22, 2021 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased to announce that it has closed its previously announced and upsized “bought deal” public offering of units of the Company (the “Units”) with PI Financial Corp. as the sole underwriter and bookrunner (the “Underwriter”). The Underwriter exercised the over-allotment option in full and as a result the Company issued a total of 15,640,000 Units at a price of C$1.25 per Unit for gross proceeds of C$19,550,000 (the “Offering”). Each Unit consists of one common share (each, a “Common Share”) and one warrant (each, a “Warrant”). Each Warrant shall be exercisable for one common share (each a “Warrant Share”) at an exercise price of C$1.75 until March 22, 2024. The net proceeds from the Offering are expected to be used by the Company to fund ongoing work on the Company's Clayton Valley Lithium Project in Nevada and for general working capital purposes. The Units, Common Shares and Warrant Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer of securities for sale in the United States. About Cypress Development Corp. Cypress Development Corp. is a publicly traded exploration company focused on developing the Company's 100%-owned Clayton Valley Lithium Project in Nevada. Exploration and development by Cypress discovered a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. The size of the resource makes the Clayton Valley Project a premier source that has the potential to impact the supply of lithium for the fast-growing global energy storage battery market. Clayton Valley Lithium Project, Nevada Claims Map:cyp_cypress_-_albemarle_properties_map.jpg (1060×706) (cypressdevelopmentcorp.com) To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com. CYPRESS DEVELOPMENT CORP. “Dr. Bill Willoughby” _____________________________ WILLIAM WILLOUGHBY, PhD., PEChief Executive Officer For further information contact myself or: Don MyersCypress Development Corp.Director, Corporate CommunicationsTelephone: 604-639-3851Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@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. 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.

  • Here's Why We're Not Too Worried About Cypress Development's (CVE:CYP) Cash Burn Situation
    Simply Wall St.

    Here's Why We're Not Too Worried About Cypress Development's (CVE:CYP) Cash Burn Situation

    There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Cypress Development...