Cypress Development (CYDVF) – Clayton Valley Takes a Leap Forward

Natural Resources
0 min read

Tuesday, September 20, 2022

Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Proving it can be done. Cypress achieved a major milestone with the production of 99.94% lithium carbonate (Li2CO3) made from lithium-bearing claystone from the company’s Clayton Valley Lithium Project in Nevada. The Li2CO3 was made using intermediate concentrated lithium solution, or ~2,200 parts per million lithium, produced at Cypress’ lithium extraction facility. Following direct lithium extraction (DLE) at the pilot plant, Saltworks Technologies completed the processing system design and pilot work to make the battery grade Li2CO3. Cypress has engaged Saltworks to integrate their designs into Cypress’ pilot plant program.

Suitable for use in electric vehicle batteries. The samples produced surpass minimum industry requirements for standard battery grade, or >99.5% Li2CO3, used in electronics and achieved industry requirements for enhanced battery grade Li2CO3 for use in electric vehicle batteries. Independent analyses of product samples were completed by SGS Canada Inc.

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 


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