Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Explorer's PFS on Nevada Lithium Project Due Out This Summer
News Update

Share on Stocktwits


The phase 2 metallurgical program and phase 1 environmental assessment are underway.

Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) provided in a news release a prefeasibility study update on its Clayton Valley lithium project, noting the results should be out this summer.

The timing of the study's completion date has been extended, in part because of drilling delays due to weather and footage added the program.

Also, Ausenco Engineering Canada Inc., which is preparing the study, needed more time to finalize the flow sheet and apply it with respect to plant design and cost estimates. Ausenco had to conduct studies, now finished, to determine the ideal quantity of leach stages to use and the equipment needed to separate solids from liquids.

Currently, Ausenco is conducting further tests to determine the optimal method of handling clay slurries during leaching, washing and purification.

Also underway and nearly finished is work on the prefeasibility study's phase 2 metallurgical program, specifically on the purification and concentration of lithium in the final leach solutions. This is almost done. During the phase 2, results of single-stage leach testing of a bulk sample yielded results similar to those gotten previously.

Global Resource Engineers (GRE) is in the final stages of completing a mine plan and production schedule. Results of geotechnical testing on drill core were in line with GRE's assumptions in the preliminary economic assessment.

Finally, a phase 1 environmental assessment is in progress.

In other Cypress news, the next hearing is scheduled for July 2, 2019, in the legal dispute over ownership of claims in two southern sections of the Cypress project.


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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cypress Development Corp. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Cobalt / Lithium / Manganese investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe