Cypress Development Corp. is pleased to report it has reached a final settlement agreement in its legal proceedings against Centrestone Resources LLC , a Nevada limited liability company. As previously announced, the Fifth Judicial Court of the State of Nevada in and for the County of Esmeralda on February 6, 2020, entered its written order for summary judgment in favor of Cypress. A hearing was to be held on April 21 [...]
Cypress Development Corp. is pleased to report the test program at NORAM Engineering and Constructors Ltd. is complete and initial results are positive. As reported in a November 14, 2019 press release, NORAM was contracted to examine the downstream portion of the revised extraction flowsheet for Cypress’ Clayton Valley Lithium Project in Nevada. Testing was conducted at BC Research Inc., a member of the NORAM Group of [...]
Cypress Development Corp. is pleased to provide an update on its legal proceedings against Centrestone Resources LLC , a Nevada limited liability company. As announced by Cypress in a January 31, 2019 press release, on January 22, 2019, the Company's U.S. subsidiary, Cypress Holdings Ltd., filed a Complaint in the Fifth Judicial Court of the State of Nevada in and for the County of Esmeralda alleging trespassing by [...]
Cypress Development Corp. announces it has received a USD $100,000 payment from Pasinex Resources Limited . The payment is in continuation of the 2017 Option Agreement on the Spur zinc-silver property in Nevada. In continuation of the amended agreement, the Company also received 200,000 shares of Pasinex on September 11th, 2019 . For further information on the original earn-in option agreement, refer to Cypress&rsquo [...]
Cypress Development Corp. is pleased to report the Company has contracted NORAM Engineering and Constructors Ltd. of Vancouver, BC to conduct concept testing for the Company’s Clayton Valley Lithium Project in Nevada. The test work will focus on the downstream portion of the revised extraction flowsheet and run in parallel with completion of the prefeasibility study of the project. The work will be conducted at BC [...]
Cypress Development Corp. is pleased to announce that it has received an aggregate $817,199 from the exercise of share purchase warrants. A total of 6,288,070 warrants were exercised since August 8, 2019 at $0.13 price and $0.125. The warrants were issued in connection with previous non-brokered private placement financings. About Cypress Development Corp.: Cypress Development Corp. is a publicly traded exploration [...]
Cypress Development Corp. announces that it has agreed to extend the terms of the 2017 earn-in option agreement with Pasinex Resources Limited and Caliber Minerals Inc. on the Spur zinc exploration property in Nevada, USA. The agreement changes the date of the $100,000 option payment, payable to Cypress, to December 11th, 2019. It also defers the 2019 exploration obligations into 2020, bringing the exploration obligations [...]
Cypress Development Corp. is pleased to report the successful completion of slurry rheology and filtration studies integral to the prefeasibility study of the Company’s Clayton Valley Lithium Project. The results come after months of testing by laboratories and detailed review with consultants and equipment vendors. The results represent a major milestone in the project that simplifies the process flowsheet. Cypress [...]
Cypress Development Corp. has granted an aggregate of 1,550,000 incentive stock options to officers, directors and consultants of the Company. The Options are exercisable at $0.18 per share for a period of five years from the date of grant. The Options have been granted under and are governed by the terms of the Company's incentive stock option plan. About Cypress Development Corp.: Cypress Development Corp. is a publicly [...]
Cypress Development Corp. is pleased to announce it has closed a non-brokered private placement financing for total gross proceeds of $1,100,679.84. The Company has allotted and issued 6,114,888 units at a price of $0.18 per Unit. Each Unit is comprised of one common share and one transferable warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of up to [...]
ypress Development is pleased to announce that, due to strong interest, the Company is increasing the previously announced non-brokered private placement to up to $1,000,000 at a price of $0.18 per unit. Each Unit will consist of one common share of the Company and one transferable share purchase warrant, entitling the holder to purchase an additional common share at a price of $0.22 for a period of two years. Proceeds of [...]
Cypress Development Corp. announces a non-brokered private placement of up to $500,000 at a price of $0.18 per unit . Each Unit will consist of one common share of the Company and one transferable share purchase warrant, entitling the holder to purchase an additional common share at a price of $0.22 for a period of two years. Proceeds of the offering will finance the completion of a prefeasibility study for Cypress&rsquo [...]
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