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News Update


Lithium Developer Completes Strategic Property Acquisition in Nevada
News Update

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This Canadian company's new claim block is near its flagship asset.

Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) announced in a news release that its acquisition of the Glory property in Nevada has closed.

The seller retains a 3% net smelter return (NSR) royalty interest in Glory, of which Cypress has the right to purchase two-thirds, or a 2% NSR, for $1 million at any time.

Glory is strategically located, as it encompasses 137 unpatented placer and lode claims in the southern third of Cypress' Clayton Valley lithium project. Cypress also is in the process of acquiring the Dean property, situated due north of Glory.

Looking forward, Cypress intends to resume drilling at Clayton Valley in January or early February. This infill program will provide fresh samples and target resources in the pit area for inclusion in the prefeasibility study, expected in Q2/19.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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