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Cypress Development Corp.

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    This sounds so positive, but still the share price bumbles along. I would have thought this release would have boosted it. Seems like a good long term anyway, I'll put more in when I can.




        CYP - V ATS 3.0 0.28 · 0.29 0.5 0.29 +0.02 7.4 222.2 63 46 0.275 0.30 0.265 0.43 0.08 15:58:01 07:05 realtime


          US confirms list of 35 key minerals, targets domestic supply boost

          Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the United States deems essential to its economic and national security and wants to produce more of domestically.

          The Department of Commerce will use the list, which was published by the Interior Department on Friday and which confirms a draft issued in February, for a report that responds to a December presidential order to break U.S. dependence on foreign minerals.

          The Trump administration wants to identify new domestic sources of critical minerals; increase domestic exploration, mining and recycling; give miners and producers electronic access to better mapping and geological data; and streamline leasing and permitting for new mines.


            Nemaska Lithium post from Stockhouse. Kinda sums up CYP's position rather nicely eh?

            T.NMX = Namaska market cap after todays financing will be over $ONE BILLION dollars


            They will produce less than 1.5 million tons Lithium over the 33 years mine life

            23,000 tons lithium hydroxide per year

            11 tons lithiumCarbonate per year

            And you know they have to open pit and underground mine the rock and crush it on site and then believe it or not, ship it by truck and train 855 kilometers to Montreal and they will still make a profit

            Hard to believe folks and we sit at 29.5 cents Have 6.5 million tons Lithium more than 4 times Nemaska tonage. And our mine starts on the surface next door to the worlds second largest producer.



              Cypress Development Corp. has been granted approval by The Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States. Being DTC eligible is expected to greatly simplify the process of trading the company's common shares on the OTCQB marketplace, where Cypress trades under the symbol CYDVF. The DTC electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors. In addition to the OTCQB listing, shares of Cypress continue to trade on the main TSX Venture Exchange under the symbol CYP as well as the Frankfurt Stock Exchange under the symbol C1Z1.

              Cypress recently released a mineral resource estimate for its 100-per-cent-owned Clayton Valley lithium project in Nevada (see news release dated May 1, 2018). The MRE includes 2,857,000 tonnes of lithium carbonate equivalent (597 million tonnes grading 899 parts per million Li) in indicated resources and 3,683,000 tonnes of LCE (779 million tonnes grading 888 ppm Li) in inferred resources. The full MRE report will be filed on SEDAR shortly and will be the basis for a preliminary economic assessment, which is in progress.

              Donald Huston, chairman and president, commented: "The company's Clayton Valley lithium project is ideally located beside the only producing lithium-brine mine in the United States. With our recently announced resource estimate, Clayton Valley now ranks as one of the largest lithium deposits in North America." Lithium was recently classified by the United States government as one of 35 strategic minerals, which should make Cypress's deposit of strategic importance and enhance investor interest in the United States. Mr. Huston continued, "We believe that being DTC eligible will significantly enhance liquidity for our shareholders and improve our access to institutional and retail investors within the U.S."

              About Cypress Development Corp.

              Cypress Development is a publicly traded junior mining company focused on developing the company's 100-per-cent-owned Clayton Valley lithium project in Nevada. Work by Cypress over the last year has taken the project from discovery to a multimillion-tonne LCE resource that has the potential to impact future lithium production in North America.


                Electric vehicles on the road to triple by 2020 — IEA



                  I like this nopoo fella, here are three of his most recent CYP posts from SH;

                  No US Security of Supply for Lithium

                  Abelmarle produces 3,500t LCE a year at it's Silver Peak lithium mine in Clayton Valley, Nevada, grades are declining - from 600ppm to 200ppm.

                  The lithium carbonate is shipped from the Silver Peak Mine to Kings Mountain, NC, where it is converted to lithium hydroxide. From there, it is sold to Asian companies, who use it to produce cathodes, which are used to manufacture batteries and battery packs.

                  FACT - There is no other production of lithium in the US, and what there is is being sold to Asian firms.

                  Where is US Security of Supply for what the President of the US has said is a material that needs to be mined in the US? AND THE USGS AND CONGRESS HAS DEEMED AS CRITICAL AND STRATGETIC TO THE VERY SURVIVAL OF THE US of A?


                  Pretty simple - 3,500t a year versus five times that, mined in the US, sold to US firms making batteries for the US military and civilian use. It's not complicated, no point in trying to make it so.

                  I own CYP

                  RE:No US Security of Supply for Lithium

                  The “metallurgical Achilles heel,” of the United States is its dependence on foreign imports of strategic metals. Trump has to be credited for being the first President in decades to recognize this. In December Trump signed an executive order to reduce dependency on 23 minerals deemed critical to national security. “The comprehensive order aims to identify new sources of critical minerals, ensure miners and producers have access to the best data, and streamline the leasing and permitting process to expedite production, reprocessing and recycling of minerals at all levels of the supply chain,” said a statement from the White House.

                  Included on this list is lithium - the key ingredient in lithium-ion batteries used in electric vehicles as well as cell phones, power tools and many other electronic devices.


                  RE:No US Security of Supply for Lithium

                  Ironic isn't it? Or maybe ludicrous is a better word for what might be happening.

                  Abelmarle's Silver Peak lithium is converted into LCE, shipped to Kings mtn NC where it's converted into lithium hydroxide and then sold to Asian firm(s) for conversion into cathodes etc.

                  What if Silver Peaks lithium makes a round trip?

                  Maybe Abelmarle sells its lithium hydroxide to Panasonics factory in Asia, very likely the one in China,who then sells Tesla their battery packs for the gigafactory which is only 200k away from Silver Peak?

                  LOL too funny? Not very likely? Well it is very possible thats exactly whats happening.



                    Cypress CEO presentation




                      In the above presentation Bill talks about several things worth us going over;

                      Size and grade - @ a current 6.5 mt of LCE and an average grade of +800 ppm this is one of the largest lithium deposits in the world. At +800 ppm the grade is much better then most other lithium deposits, as a matter of fact it is higher then a lot of South American brine operations start with.

                      Cost of production - could be as low as US$3,000.00 ton because of flat lying, zero strip ratio, no blasting, LCE produced on site. Also you can produce sulphuric acid on site.

                      By product credit - Salts are by-products. Potassium (fertilizer) and sodium, both saleable, both are by-product credits that will bring down the cost of production.

                      Minerology is simple - non-hectorite clays, meaning metallurgy will be simple and cheap.

                      LCE is selling for between US$16 - US$22,000.00 ton. We already have 6.5 mt, that using an average of US$19,000.00t = 123.5 B US $ insitu value.

                      We know 15 - 20 more drill holes will up the tonnage and increase grade.

                      However at current size and using US$19,000.00 per ton LCE and receiving just a miniscule .62% of insitu value divided by osfd we get US$9.64 per share. There is the perfect example of going with companies who do not have blown out share structures!!!

                      The math, the numbers on this thing are so large as to be unbelieveable. To me there is no doubt that when this deposit goes into production it will influence, meaning control, the price of lithium for decades. And it's in the US.

                      I own a lot of shares, I'm going to own more next week. These numbers are my own, they are why I got into CYP, why I haven't sold any to date, and why I'm buying more. Do your own DD, make your own decisions.




                        Cypress Development Corp. has filed a National Instrument 43-101 technical report on SEDAR titled "Resource Estimate Clayton Valley Lithium Project." The technical report details the independent mineral resource estimate for the company's 100-per-cent-owned lithium project in Nevada, as described in the company's press release of May 1, 2018.

                        Global Resource Engineering (GRE) of Denver, Colorado, prepared the Technical Report which is the first estimate of resources for Cypress' property. The report carries an Effective Date of May 1, 2018 and Issue Date of June 5, 2018. The report includes recommendations for further work including a Preliminary Economic Assessment (PEA) which GRE expects to complete in the next two months. Terre A. Lane, J. Todd Harvey, Hamid Samari, and J. J. Brown of GRE are the Qualified Persons for the report.


                        Total Indicated Mineral Resource of 697 million tonnes at an average grade of 886 ppm Li, or 3.287 million tonnes of lithium carbonate equivalent (LCE).

                        Total Inferred Mineral Resource of 643 million tonnes at an average grade of 852 ppm Li, or 2.916 million tonnes of LCE.

                        The mineral resources are reported using a cut-off grade of 300 ppm Li and constrained to pit shell reflecting a $15/tonne operating cost, $10,000/tonne of LCE price and 80% net recovery to LCE.

                        Minor changes in the resource model occurred following the May 1, 2018 press release due to adjustments in model boundaries. The proportion of indicated to inferred tonnes increased somewhat while the net lithium tonnes in the model decreased slightly.

                        The resources are broken down into five units which are distinguished by stratigraphic position and color (Table 1). The middle three units are higher grade and estimated to average greater than 950 ppm Li, whereas the uppermost and lowermost units average less than 700 ppm Li.

                        GRE generated an initial pit outline capable of supporting several decades of mining at a production rate of 10,000 to 15,000 tpd (Table 2). The initial pit contains an indicated resource of 191 million tonnes averaging 988 ppm Li (1.007 million tonnes LCE), and an inferred resource of 25 million tonnes at 1,047 ppm Li, (0.142 million tonnes LCE). Selective mining of higher grade material, i.e. targeting the middle three units, will be an option considered in the PEA.

                        Metallurgical bench tests from three drill holes, two of which are within the initial pit area, indicate agitated tank leaching with sulfuric acid is a viable method for extracting lithium. Tests indicate leach times of under 8 hours with relatively low consumptions of acid and other reagents. Sulfuric acid is expected to be the major component in operating costs, and alternatives for acid supply will be considered in the PEA.

                        Five to ten drill holes in the initial pit area are recommended by GRE to convert resources into higher confidence categories and to obtain material for further metallurgical testing. This drilling is not required for the PEA but recommended to advance the project quickly. GRE additionally recommends proceeding with collecting environmental baseline data, and conducting hydrogeology and geotechnical studies. Details of the Mineral Resource Estimate GRE estimated the Mineral Resource using a database of 23 drill holes for 1,891 metres, drilled by Cypress during 2017 and 2018. The resource was calculated using a 2.5-dimensional (2.5D) gridded model (common for layered sedimentary deposits) of six mineralized stratigraphic units, which includes a thin surficial gravel unit, and verified using a 3-dimensional (3D) block model. The mineralized intercepts in the drill holes and a 3D interpretation of the geology and intercepts were done by Terre Lane and J.J. Brown of GRE, who are Qualified Persons under NI 43-101. Clayton Valley Lithium Project 3D Drill Hole View:


                        All samples for the project were assayed at ALS Chemex or Bureau Veritas, both ISO-9000 certified laboratories. The resulting assay intervals were composited for the entire sedimentary unit for the 2.5D gridded model and were composited to a 5m down-hole length for the 3D estimate. Grade capping of lithium values was not required. Model grades were interpolated in Techbase using an inverse distance squared algorithm. A tonnage factor of 1.7 tonnes per cubic meter was selected based upon general published values to represent the insitu density. Indicated Mineral Resources were defined as being within 300 meters of a drill hole, with the Inferred mineralization requiring 2 drill holes within a search ellipse of 1500 x 800 metres for each unit. The major axis was orientated north-south along valley. The sedimentary units were truncated at the Angel Island volcanic package and claim boundaries.

                        The mineral resources reported use a cut-off grade of 300 ppm Li, reflecting a $15/tonne operating cost for mining, processing and G&A. The costs reflect a 10,000 {A –} 15,000 tonne per day mining operation in soft sedimentary material that does not require blasting. Cost assumptions for the cut-off grade include a delivered acid cost of $80/tonne and 100 kg acid per tonne of material processed.

                        An overall lithium recovery of 80% was employed for the mineral resource based on the results from laboratory testing and confirmation leach testing at Hazen in Golden, Colorado under direction of Dr. Todd Harvey, who is Qualified Person in Metallurgy under NI 43-101 from GRE. The preliminary metallurgical examinations indicate that the claystone responds well to conventional weak acid leaching with no upstream size reduction required. Initial results indicate that lithium extractions of greater than 80% can be achieved. Expected leach conditions of 2 {A –} 8 hours of leaching with 5% sulfuric acid at temperatures ranging between 50 and 80 degreeC are anticipated.

                        Clayton Valley Lithium Project Leach Kinetics:


                        The preliminary leach results indicate relatively high grade pregnant leach solution (PLS) can be produced containing Li, K, Na and limited deleterious elements and a conventional downstream lithium recovery circuit should be applicable to produce saleable lithium carbonate or lithium hydroxide. Clayton Valley Lithium Project Conceptual Production Flowsheet:


                        GRE concludes Cypress' Clayton Valley Lithium Project has the potential to be a major supplier of lithium products in the world, and additional work is warranted.

                        Table 1. Indicated and Inferred Resources Lithology Tonne Grade-ppm Li-kg LCE-kt Indicated Upper Tuff 58,700 707 41,500 221 Upper Olive 148,300 897 133,000 708 Main Blue 220,500 1,081 238,400 1,269 Lower Olive 132,200 851 112,500 599 Hard Bottom 136,900 673 92,100 490 Total 696,600 886 617,500 3,287 Inferred Upper Tuff 65,300 689 45,000 240 Upper Olive 112,400 883 99,300 529 Main Blue 190,700 1,032 196,800 1,048 Lower Olive 149,400 833 124,400 662 Hard Bottom 125,000 657 82,100 437 Total 642,800 852 547,600 2,916 Note: ppm = parts per million, Li = lithium metal, LCE = lithium carbonate equivalent,

                        kg = kilogram, kt = kilotonne Clayton Valley Lithium Project Resource Cross Section:


                        Resources within Initial Pit Outline Lithology Tonne Grade-ppm Li-kg LCE-kt Indicated Upper Tuff 22,600 686 15,500 83 Upper Olive 37,400 947 35,400 188 Main Blue 88,000 1,169 102,900 548 Lower Olive 24,500 922 22,600 120 Hard Bottom 18,900 672 12,700 68 Total 191,400 988 189,100 1,007 Inferred Upper Tuff - - - - Upper Olive 7,200 986 7,100 38 Main Blue 11,200 1,161 13,000 69 Lower Olive 7,000 929 6,500 35 Hard Bottom - - - - Total 25,400 1,047 26,600 142

                        CIM definitions were followed for Mineral Resources. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.

                        Terre Lane, J.J. Brown, Hamid Samari and Dr. Todd Harvey, of GRE are the Qualified Persons as defined by National Instrument 43-101 and have approved of 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 the State of Nevada, U.S.A.

                        Cypress' Clayton Valley Lithium Project is located immediately east of Albemarle's Silver Peak mine, North America's only lithium brine operation. Recent exploration by Cypress has discovered an extensive deposit of lithium-bearing claystone adjacent to the brine field. With mineralization tested by drilling over a seven-kilometer trend, the size of the deposit makes Clayton Valley a premier target that has the potential to impact the future of lithium production in North America.


                          GRE concludes Cypress' Clayton Valley Lithium Project has the potential to be a major supplier of lithium products in the world


                            Somebody keeps posting my work on Stockhouse. Please stop.

                            Some takeaways.

                            The RE has been filed on SEDAR, means all those glowing statements in the last few pages, vary rare to see things like that, have been reviewed by the Review board and are approved.

                            The pit outlined is a starter pit, you mine an area for quick payback of costs. After payback its all gravy to mine the other current 4mt of LCE.

                            And it is a very nice mine, lets look at the numbers;

                            They state mining of 10 to 15,000 tpd, I'm using the halfway point - 12,500tpd, thats ore mined daily.

                            We have a resource in the pit totaling 216,000,000 tons of ore

                            216,000,000 / 12,500 = 17,280 days = 47.34 year life of mine (LOM).

                            There is 1,100,000 mt LCE.

                            1,100,000 / 47.34 lom = 24,271 ton of LCE mined per year.

                            LCE sells for between US$16,000 and US$22,000.00 ton.

                            Using US$19,000 ton = US$461,149,000.00 per year revenue.



                              Link to RE



                                By product credit - Salts are by-products. Potassium (fertilizer) and sodium, both saleable, both are by-product credits that will bring down the cost of production.


                                24.0 OTHER RELEVANT DATA AND INFORMATION The brine lake that historically occupied the Clayton Valley was always hydrologically isolated from the major snow shed of the Sierra Nevada Mountains to the west. This fact becomes especially important during warming cyclesthat lead to massive fresh waterrun off events as glacial ice and snow packs melted. Many dry playa basins exist in Nevada. One that is most similar in many ways to the Clayton Valley is the Salt Wells basin east of Fallon, Nevada. Mining of a variety of salt minerals from Salt Wells has been ongoing since the development of the Comstock Lode in the late 1860s. There is abundant salt at Salt Wells but very little lithium. One reason is certainly that the Salt Wells basin was connected to regional lake Lahontan during times of abundant fresh water runoff. Such a connection would allow the ever‐ soluble lithium to escape the basin into the large, fresh water lake. Such has not occurred at the Clayton Valley.