Wednesday, April 06, 2022
Cypress Development (CYDVF)(CYP)
Clayton Valley Project to Source Lithium from Nevada Claystone
Cypress Development Corp is a Canadian exploration company. It is principally engaged in the acquisition, exploration, and evaluation of resource properties. The company holds an interest in Clayton Valley Lithium Project and Gunman Zinc / Silver Project which are located in Nevada. The company operates through the single segment being The Acquisition and exploration of mineral properties.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initiating coverage. Cypress Development Corp. is advancing its 100%-owned Clayton Valley Lithium Project encompassing 6,500 acres in Esmeralda County near Silver Peak, Nevada. Cypress intends to mine Nevada claystone, produce a high-grade lithium concentrate solution and apply a licensed lithium extraction process based on ion-exchange to produce lithium carbonate or hydroxide. Clayton Valley offers several competitive advantages, including a large land package in a mining friendly state, an existing lithium carbonate equivalent resource base, well-developed infrastructure, direct lithium extraction technology, a leased facility permitted for pilot testing, and secured water rights.
Significant existing mineral resource. A preliminary feasibility study, amended in March 2021, highlighted 1.304 billion tonnes of indicated resources, averaging 905 parts per million (ppm) lithium, including probable reserves of 213 million tonnes of probable reserves averaging 1,129 parts per million (ppm) lithium, or 1.28 million tonnes of lithium carbonate equivalent (LCE). The study affirmed …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
