• Cypress Development Corp. (TSX-V: CYP) (“CYP”, or “Company”) has seen impressive gains in its share price since our initiating report and has leveraged this into a recent equity financing with a bought deal raise. The company raised gross proceeds of almost $20 million, and with a significantly stronger balance sheet, the company is advancing key strategic objectives that could advance its Clayton Valley Project further.
• Building Out Pilot Plant Operations: The company's main objective is to complete its pilot plant and begin small-scale, preliminary lithium production. The pilot plant is expected to test key assumptions from the Prefeasibility Study (“PFS”), and eventually advance the project to a Feasibility Study (“FS”).
• Testing Chloride Leaching for Lithium Extraction: Leveraging positive metallurgical results in late 2020, CYP is looking to test the feasibility of chloride leaching as a viable alternative to the sulfuric leaching assumed in the PFS. This could significantl
13 Apr 2021
Cypress Development Corp. (TSXV: CYP) – Leveraging Balance Sheet Strength to Optimize Operations and Advance the Clayton Valley Project
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Cypress Development Corp. (TSXV: CYP) – Leveraging Balance Sheet Strength to Optimize Operations and Advance the Clayton Valley Project
Albemarle Corporation (ALB:NYS), 0 | Century Lithium Corp (LCE:TSX), 0 | Albemarle Corporation (0HC7:LON), 0
- Published:
13 Apr 2021 -
Author:
Couloir Capital -
Pages:
11
• Cypress Development Corp. (TSX-V: CYP) (“CYP”, or “Company”) has seen impressive gains in its share price since our initiating report and has leveraged this into a recent equity financing with a bought deal raise. The company raised gross proceeds of almost $20 million, and with a significantly stronger balance sheet, the company is advancing key strategic objectives that could advance its Clayton Valley Project further.
• Building Out Pilot Plant Operations: The company's main objective is to complete its pilot plant and begin small-scale, preliminary lithium production. The pilot plant is expected to test key assumptions from the Prefeasibility Study (“PFS”), and eventually advance the project to a Feasibility Study (“FS”).
• Testing Chloride Leaching for Lithium Extraction: Leveraging positive metallurgical results in late 2020, CYP is looking to test the feasibility of chloride leaching as a viable alternative to the sulfuric leaching assumed in the PFS. This could significantl