Lithium Archives - Page 2 of 2

Investor Opportunity in Lithium Stocks Seems to Be Increasing

Posted on August 30, 2023August 30, 2023 by phoffman@channelchek.com

Why Small Lithium Developers and Producers May Become Stars By Mid-Decade

Lithium demand isn’t going away; in fact, it is likely to skyrocket. While most people link future EV sales forecasts with Lithium-ion battery growth, the increased use of li-ion batteries goes well beyond electric vehicle production. Some highly regarded analysts are now predicting a difficult lithium deficit as early as 2025. If demand outstrips supply that quickly, prices of the mineral will be under extreme upward pressure. If the accelerating demand unfolds as expected, investors looking to get ahead of the curve may want to increase their exposure to lithium investments soon. Below is a background on current forecasts and ideas to explore.

Background

The Fitch subsidiary, Business Monitor International (BMI), is a research unit of the parent company best known for its rating service. BMI has a team of over 300 analysts who specialize in a variety of industries, including energy, mining, and technology. The company’s research is used by businesses to make informed decisions about their operations. BMI now estimates that China’s lithium demand for EVs will grow by an average of 20.4% each year between 2023 and 2032. However, current estimates for the country’s lithium output are only expected to grow by 6% over the same period. This means that China will need to import massive amounts of lithium just to meet its growth in EV production.

At the same time, the global demand for lithium is also expected to grow significantly. Some informed projections are that global demand for lithium will reach over 3 million metric tons (tonne) by 2030. As a comparison, this is up from 540,000 metric tons in 2021.

There are currently just 101 lithium mines in the world, and many of these mining operations are nearing the end of their lifespan. In addition, the permitting process for new lithium mines can be lengthy and complex. This is slowing the development of new lithium production facilities. Consequently, the growing demand for lithium, which is already seen as straining global supply, may become substantially more challenging over the next 18 months.

More demand relative to supply is the most basic recipe for higher prices. As a result of the supply constraints, lithium prices are expected to remain high in the coming years. Lithium carbonate prices surged to a record of almost 600,000 yuan per tonne in November 2022.

The EV industry is working to address the lithium supply deficit, but it is the producers that are working to be more efficient and productive. Some companies are developing new ways to extract lithium from brines, which are salty water bodies that contain lithium. Other companies are working to recycle lithium-ion batteries. However, lithium is a finite resource, and an approaching supply deficit shows no signs of being fixed soon. In the meantime the EV industry and others will compete for what is what is being produced, which could drive up prices.

What This Means for Investors

Investors who are interested in the lithium market should take note of the projections for the growing supply/demand imbalance. Lithium mining companies, especially smaller pure-plays on the demand for lithium, may have the highest percentage benefit from higher prices. Three such companies are listed below with links to further information and data relevant to the company.

Century Lithium Corp. (LCE:CA) is a Canadian-based advanced-stage lithium Company, focused on developing its 100%-owned Clayton Valley Lithium Project in the U.S. (Nevada). Century Lithium is actively testing material from its lithium-bearing claystone deposit at its Lithium Extraction Facility while moving toward the completion of a Feasibility Study, with the goal to become a domestic producer of lithium for the growing electric vehicle and battery storage market.

Mark Reichamn, Noble Capital Markets senior research analyst for natural resources, published a research note explaining a collaboration between Century Lithium and Koch Technology Solutions (KTS) where lithium is being recovered from leach solution.

Noble rates the shares of Century Lithium Corp. as outperform.

LithiumBank Resources Corp. (LBNKF) is an exploration and development company focused on lithium-enriched brine projects in Western Canada where low-carbon-impact, rapid DLE technology is used. LithiumBank currently holds over 3.77 million acres of mineral titles, 3.44M acres in Alberta and 326K acres in Saskatchewan. LithiumBank is advancing and de-risking several projects in parallel of the Boardwalk Lithium Brine Project.

Mark Reichman, of Noble Capital Markets put out a research note this month explaining LithiumBank’s reasons for selling three of its projects.

Noble rates the shares of Century Lithium Corp. as outperform.

Piedmont Lithium Inc, (PLL) is a lithium-based company focused on the development of its Piedmont Lithium Project located within the Carolina TinSpodumene Belt (”TSB”) and along trend to the Hallman Beam and Kings Mountain mines.

Piedmont has been in the news recently for having received a partial prepayment of $31.6 million for the sale of 15,000 dry metric tonnes of lithium concentrate under its offtake deal with North American Lithium (NAL). According to news reported by Reuters, its CEO Keith Phillips expects sales from Piedmont shipments to help fund strategic initiatives while reducing the company’s need to raise capital in the equity markets. Piedmont said the prepayment increased its cash position to about $100 million.

A video discussion with Piedmont’s CEO Keith Phillips taken in March 2023 as part of Channelchek’s Takeaway Series is a great way to become familiar with the projects and strategies this “Made in the USA” lithium developer is involved with.

Take Away

A lithium supply deficit is expected to emerge as early as 2025, according to analysts at BMI. The deficit is being driven by the growing demand for lithium-ion batteries for electric vehicles. Investors who are looking to understand the plans of small lithium developers and producers should visit the Company Data / Quotes tab on Channelchek and use the search bars to begin exploring.

Paul Hoffman

Managing Editor, Channelchek

Sources:

https://www.reuters.com/markets/commodities/piedmont-lithium-receives-first-payment-nal-shipment-2023-08-29/

https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html

Release – Century Lithium Reconfirms Production Of Battery Grade Purity Lithium Carbonate And Provides Update On Feasibility Study

Posted on May 25, 2023May 25, 2023 by aweinsoff@channelchek.com

Research News and Market Data on CYDVF

May 25, 2023 – Vancouver, Canada – Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report it has repeated the production of a high-purity lithium carbonate (Li₂CO₃) grading 99.87% with lithium-bearing claystone from the Company’s 100%-owned Clayton Valley Lithium Project (Project) in Nevada, USA. Several kilograms of the high purity Li₂CO₃were made from the intermediate lithium solutions generated in January at the Company’s Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada. Following leaching and direct lithium extraction (DLE) at the Pilot Plant, solutions were shipped to Saltworks Technologies Inc. (Saltworks) where the final processing was completed_.

“These results are in line with those we reported in September 2022, when we achieved a significant milestone in making lithium carbonate grading 99.94%” stated Bill Willoughby, President and CEO of Century Lithium. “The latest results confirm our ability to obtain a high purity lithium product with a low level of impurities from our claystone process.”

Century Lithium has now successfully repeated steps from test mining through to the manufacture of battery-grade Li₂CO₃. The table below is a comparison of the latest results with those from September 2022. Also shown, are the constituent levels for battery grade lithium carbonate as published by two major producers. The results for the Company’s lithium carbonate material assays were finalized by Saltworks and SGS Canada Inc.

		Century Li₂CO₃ May 2023	Century Li₂CO₃ September 2022	Reference Source 1	Reference Source 2
Li₂CO₃	wt%	99.875	99.94	>99.5	>99.5
H₂O	wt%	0.03	0.01	<0.2	<0.5
Na	wt%	0.047	0.02	<0.03	<0.05
Ca	wt%	0.009	0.02	<0.01	<0.04
Fe	Wppm	3	15	10	<5
Al	Wppm	<2	6	10	<10
Cu	Wppm	<4	<4	10	<5
Ni	Wppm	<5	<5	10	<6
Cl	wt%	0.008%	0.008%	<0.01%	<0.01%

Scroll right to view more

Notes: wt% (weight percent), wppm (weight parts per million), calculated Li₂CO₃purity based on sum of impurities measured above detection limit
Source 1 & 2: public company’s published composition of battery grade Li₂CO₃,

Feasibility Study Update

A Feasibility Study on the Project (Study) began in February 2022, with the engagement of Wood PLC as independent lead author. The Study has progressed well, with contributions from Global Resource Engineers, WSP USA Environment & Infrastructure Inc., and thyssenkrupp nucera, and with the support of Century Lithium’s personnel and consultants.

Major areas of the Study are completed and estimates for capital and operating cost estimates received, including those for the chlor-alkali plant portion of the Project. Wood is in the process of consolidating the estimates and reviewing them with Century, along with evaluating further optimization and opportunities for cost reductions. This optimization work will extend beyond the previously estimated mid-year completion date for the Study. The Company continues to focus on the Study and will provide updates in due course.

At the Pilot Plant, the collaboration of Century Lithium and Koch Technology Solutions (KTS) is underway testing the KTS Li-Pro™ process for DLE. Century Lithium personnel are working closely with KTS in the testing program, which has now completed its third 7-day cycle of operation. Thus far, the KTS process equipment has operated exceptionally well, using feed solution from the Pilot Plant, and the Company is very pleased with its performance.

Qualified Person

Todd Fayram, MMSA-QP and Daniel Kalmbach, CPG, are the qualified persons as defined by National Instrument 43-101 and have approved the technical information in this release.

About Century Lithium Corp.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA. Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF CENTURY LITHIUM CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer

For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 764 1851
Toll Free: 1 800 567 8181
scacos@centurylithium.com
centurylithium.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be “forward-looking statements”. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” “scheduled,” and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Five Reasons to Get Excited About Mining Stocks

Posted on March 28, 2023April 3, 2023 by phoffman@channelchek.com

M&A Trends Could Drive Mining Stocks Much Higher?

The building wave of M&A deals in at least two of the mining sectors, is difficult to ignore. This week, lithium miner Albemarle (ALB) disclosed it had submitted a proposal to acquire Liontown Resources (LTR.Australia). Last month Newmont Mining’s proposed acquisition of Newcrest Mining, highlighted the rising interest in M&A in the gold sector. To date, both proposals have been shunned, but as companies look to increase production, inflation increases producers capital outlays, plus long permitting processes, a case could be made that growth by acquisition, friendly or not, is becoming more appealing in the sector.

Typically growing demand to buy smaller companies in a sector puts upward pressure on valuations.

The gold and lithium sectors have mostly lead over the past six months in terms of deal-making. For gold, the largest driver is these miners remain undervalued by historical levels. The trend for lithium producers in the years ahead, as battery production ramps up to meet surging demand for electric storage and green technology, is expected to continue to accelerate.

The Price of lithium, key to batteries found in most EVs, over the years has risen. This created a situation where car manufacturers themselves have realized that the best way to ensure a key ingredient to their product is to own all or part of a large enough producer. Lithium producers are looking for ways to increase yield and own more production facilities. These factors could unfold into a situation where the stock prices of companies producing either of these two metals, and even other mined minerals with growing demand, could outperform other sectors.

Five Reasons to Explore Small Mining Companies

While the real heat is on producers of minerals used to make batteries and gold miners, the below supply/demand concepts may apply to an increased need for other miners to involve themselves in M&A as well.

New List of Acquirers – The big car companies, energy companies, and other additional industrial consumers are in need of reliable supply.
Cheaper to Buy than Find – M&A is a solution to the increased costs of growing organically. It also helps circumvent what could be permitting delays and supply chain problems that prevent headway.
Scale – Gold companies normally try to extract synergies when seeking to size up, while lithium producers seek pure scale.
Big Picture Economics – The economic environment favors miners if inflation remains elevated; the companies’ production is more likely to sell for more. The cost of money, on an opportunity cost basis, especially net of inflation (real interest) favors mining.
Finding Value – Informed stock selection is key to discover and invest in companies best positioned to benefit from swelling M&A in the sector.

The fifth on this list is less of a reason to explore mining companies and more a common sense reminder. Last week the Channelchek Take Away Series brought to viewers a live in-depth presentation of 12 mining companies that were just coming off the huge PDAC mining conference in Canada. These presentations are being replayed and may be just the place to begin to hear from company executives, and a highly respected senior natural resources analyst. Audience questions and answers follow.

The information on these on-demand replay videos is current, and as you’ll see by clicking here, the list of video presentations includes a diversified mix of producers and explorers.

Paul Hoffman

Managing Editor, Channelchek

Sources

https://www.barrons.com/articles/how-to-handle-an-uncertain-market-buy-weakness-sell-strength-f145c306

Will Elon Musk Inspire and Excite on Investor Day 2023?

Posted on February 27, 2023February 27, 2023 by phoffman@channelchek.com

Will Tesla Investors be Inspired or Disappointed on March 1 (Investor Day)?

Tesla’s Investor Day is March 1^st. The lead-up to these events is usually filled with speculation of how the founder, Elon Musk, may surprise EV fans and the investment community. Tesla’s (TSLA) innovations and unique marketing and distribution have made it the most valuable car company in the world. Part of that marketing is the mystique and confidence Musk brings whenever he has an audience. The company is also inspiring as it is less than 20 years in the making and is leading a revolution in how automobiles are built, driven, and fueled.

As plans are kept under wraps, most of the rumors as to what to expect fall in the category of speculation. Below are some of the most likely ideas from past announcements from Tesla and across the internet since the meeting date was announced.

Battery Production

Sourcing raw materials for batteries to make certain new EVs have all the needed components is becoming a concern among car manufacturers.

News has leaked of a proposed $3.6 billion Giga factory to produce up to 100 Gwh of batteries. The factory is expected to be in Nevada and eventually be used to assemble the Tesla semi when production eventually starts.

Tesla is expected to build a processing facility to make lithium hydroxide from spodumene concentrate in Corpus Christie, Texas. The location is good for shipping, and it is close to sources of sulfuric acid from the oil industry. This would be the first lithium hydroxide production facility in the U.S. If true, it would help Tesla fulfill the raw material sourcing requirements of the Inflation Reduction Act to qualify its cars for the $7,500 federal tax credit.

Those deals are at market prices; Tesla would reap the profits from processing the spodumene concentrate into hydroxide, but the bulk of the profit from the material supply accrues to the mining company. Tesla has hinted previously of plans to enter the lithium mining business.

The $25,000 EV

First mentioned in 2020, Tesla’s proposed $25,000 car earned the nickname “fluffy pillow” after Musk showed a picture of an object covered by a blanket that many thought resembled a large pillow. The project was put on hold in early 2022 when Musk said Tesla had too much on its plate.

Tesla’s existing best sellers, the Model 3 and Model Y, have been around for a while, a new model, whether it is the truck or an affordable entry level car would freshen up the line-up.

New Factory

Tesla’s production goals put it at or near capacity. The current factory capacity is listed as 1.9 million vehicles per year. The current goal is six million cars a year by 2026. This would require the expansion of existing plants and then some. A new factory takes three years to design, construct, and get rolling. So planning would have to start now. Musk is more likely to build a new plant than change his production goals.

Thoughts from across the internet suggest this could be in Indonesia or Mexico. Cars built in Mexico could qualify for the $7500 tax credit to purchasers.

Capital Raise

To accomplish the above requires money. Currently, there is construction in progress building out Tesla’s German and Texas factories. Billions more would be needed to implement other plans.

There is as of recent reporting, $22 billion in cash on Tesla’s balance sheet. This is a snapshot of quarter-end and not an accurate representation of the company’s finances. Offsetting this large number is $15 billion in trade payables and $7 billion in accrued payables, much of which is due soon.

Tesla may have to go to the market to raise cash for projects that will be presented on March 1^st.

About Tesla Day

The investor event will be live-streamed from Tesla’s Gigafactory in Texas, with some of the company’s institutional and retail investors attending in person. According to Tesla’s press release, investors will be able to see its most advanced production line as well as discuss long-term expansion plans, the generation 3 platform, and capital allocation.

Paul Hoffman

Managing Editor, Channelchek

Sources

https://ir.tesla.com/press-release/tesla-announces-date-2023-investor-day

https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/14/fact-sheet-president-bidens-economic-plan-drives-americas-electric-vehicle-manufacturing-boom/

https://www.barrons.com/articles/tesla-cars-brand-rank-51674047645

Lithium Stocks are Depressed, Might They Be a Buy?

Posted on February 21, 2023February 21, 2023 by phoffman@channelchek.com

Image: Silver Peak Lithium Mine, Nevada – Ken Lund (Flickr)

The Lithium Dip May Be Worth Exploring

Lithium (Li) was once synonymous with treating depression. Today the mineral is more often discussed as part of the subject of sustainable energy storage, specifically batteries. So it’s ironic that the recent stock price movement of a number of companies tied to lithium may have depressed some investors, as February has seen a sudden depression in values. The primary reason for the decline in lithium stocks may actually be a net plus for miners and others tied to production. This thinking is outlined below.

Many companies involved in Li exploration and/or production were up on the year along with the overall market. Late last week and carrying over to today, many of these stocks have fallen dramatically. The reason for the sudden decline coincided with the largest EV battery manufacturer, Contemporary Amperex Technology’s (CATL) announcement that it will cut the price it charges for Li-ion batteries.

As seen in the chart below, Shares of the larger lithium miners Albemarle ALB (ALB), SQM (SQM), Livent (LTHM), Piedmont Lithium (PLL), and Lithium Americas (LAC) are down between 7% and 14% with much of that drop coming in the past few trading days. Smaller lithium mining operations like LithiumBank Resources Corp. (LBNKF), and Century Lithium Corp. (CYDVF) fared much better, outperforming the more established larger companies.

Did Traders Get this Wrong?

CATL seems to have aimed to maintain or grow its market share as a battery manufacturer. Any price war they may have started is likely to have a direct impact on competitors. Even car manufacturers that are involved in battery sales may shed some profitability, but is it necessarily a negative for companies involved in mining or refining?

CATL plans on pricing its batteries on a lithium-price-linked calculation. With this, 50% of each battery will benchmark to lithium carbonate, which would largely embed the price of lithium in its Li-ion product. The rest of the batteries will key off of the spot market for lithium carbonate.

Spot prices for lithium carbonate are up about ninefold over the past few years as the growth in EV demand and other battery-operated products has stressed the global lithium supply chain. So while CATL has decided to discount batteries, the production costs are unlikely to fall. The move may instead place greater demand on lithium carbonate. If production doesn’t keep up with, what should spark greater demand for Li-ion batteries, miners may benefit. If correct, this could suggest the declines in mining stock prices related to CATL’s new pricing policy, may be considered as an entry point for investors that had been looking for a price dip.

As for battery makers, this may have more permanently drained value. CATL is about 68% of the mainland Chinese EV battery manufacturing industry. Other battery producers may have to similarly adjust their pricing models to compete. This group includes Panasonic, LG Energy, Samsung, and SK Innovations that also tumbled this month.

Take Away

Mining analysts discuss supply and demand, or deficit and surplus, when adjusting forecasts. If demand grows as a result of the large battery manufacturer CATL discounting prices, and this discounting causes others to follow, the result could be a larger lithium deficit that could raise the price of the mineral per USD/metric-ton. Time will tell.

Paul Hoffman

Managing Editor, Channelchek

Sources

https://www.uptodate.com/contents/unipolar-depression-in-adults-treatment-with-lithium/print#:~:text=In%20addition%2C%20lithium%20is%20used,mid%2D1800s%20%5B2%5D.

https://www.barrons.com/articles/lithium-stocks-tesla-ev-battery-shares-40aa53d0?mod=hp_columnists

https://www.barrons.com/articles/tesla-stock-price-graphite-battery-magnis-bc0dad59?mod=hp_LATEST

Release – Cypress Development Engages Thyssenkrupp Nucera For Design And Engineering Of Chlor-Alkali Plant In Feasibility Study

Posted on October 27, 2022October 27, 2022 by aweinsoff@channelchek.com

Research, News, and Market Data on CYDVF

October 27, 2022 – Vancouver, Canada – Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) (Cypress or Company) is pleased to announce the selection of thyssenkrupp nucera USA, Inc. (thyssenkrupp nucera) to provide the design and engineering for the chlor-alkali plant as part of the ongoing Feasibility Study on the Company’s Clayton Valley Lithium Project in Nevada, USA (Project). The chlor-alkali plant is an essential component which will allow the Project to self-generate two key reagents required for processing lithium-bearing claystone through to a Li₂CO₃ (lithium carbonate) product.

“The Company’s selection of thyssenkrupp nucera is another important step towards completion of the Feasibility Study for the Project’s production of lithium carbonate. Their experience and proven track record as an electrolysis technology company with worldwide knowledge in the chlor-alkali field will add to our Feasibility Study” stated Bill Willoughby, President, and CEO of Cypress Development.

thyssenkrupp nucera USA Inc. is the U.S. subsidiary of thyssenkrupp nucera AG & Co. KGaA, an international company that offers world-leading technologies for high-efficiency electrolysis plants, which includes chlor-alkali electrolysis, HCl electrolysis, and alkaline water electrolysis. thyssenkrupp nucera’s scope in the chlorine electrolysis business includes the supply and services around engineering, supply of all major plant equipment, supervision of the erection and commissioning activities, training of the operating personnel as well as holistic 360-degree service solutions for the entire lifecycle of a plant.

thyssenkrupp nucera’s scope of work will include the development of a facility concept for treatment of the recovered brine stream from Cypress’ process and ensure compatibility with the membrane electrolysis cells of a chlor-alkali plant. Standardized and proprietary e-BiTACv7 BiPolar type membrane cell electrolyzers from thyssenkrupp nucera serve as the heart of the chlor-alkali plant to generate the key reagents HCl (hydrochloric acid) and NaOH (sodium hydroxide) required to process the lithium ore. The NaCl (sodium chloride) and H₂O (water) molecules present in the recovered brine are electrolyzed to produce Cl₂ (chlorine), H₂ (hydrogen) and the sodium hydroxide, where then outside of the cells, the chlorine and hydrogen molecules are combined to produce hydrochloric acid.

Feasibility Study Update

The Company’s Feasibility Study on the Project commenced in March 2022 under the direction of Wood PLC (Wood), with support from Global Resource Engineers, Continental Metallurgical Services, WSP USA Environment & Infrastructure Inc., and Cypress.

Progress on the Feasibility Study is advancing as planned. Wood and the supporting teams have completed or are near completion of several key items, including resource and reserve estimates, mine plan, processing plant design, and tailings and waste storage facilities.

Positive results from test work conducted at Saltworks Technologies Inc. (Saltworks) (see news release dated September 19, 2022), where high purity lithium carbonate was made at Saltworks from concentrated lithium solutions produced at Cypress’ Lithium Extraction Facility in Nevada.

Saltworks has since completed a second phase of testing which examined the production of lithium from the blowdown-brine stream collected during the lithium carbonate concentration in the first stage of testing. We are pleased to report these results are positive and confirm the viability of an increase in lithium recovery via re-concentration of the blowdown-brine and production of additional lithium carbonate solids. Results from third-party laboratory analysis are pending for lithium carbonate quality obtained during this test. This step has the potential to significantly reduce the volume required to be recycled back to the upstream direct lithium recovery (DLE) plant and reduce size and capital cost of the DLE plant.

Based on the progress and results from Saltworks, Cypress is focusing on lithium carbonate as the end-product for the Feasibility Study and has engaged Saltworks to provide the engineering and design for the final steps in producing lithium carbonate. Based on timelines for the major components and cost analysis, as well as to allow thyssenkrupp nucera sufficient time to complete its design and optimization studies, the Company expects the Feasibility Study to be completed in the second quarter of 2023.

Qualified Person

Todd Fayram, MMSA-QP, is the qualified person as defined by National Instrument 43-101 and has approved of the technical information in this release.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF CYPRESS DEVELOPMENT CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer

For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 764 1851 | Toll Free: 1 800 567 8181 | Email scacos@cypressdevelopmentcorp.com
www.cypressdevelopmentcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

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

Posted on September 20, 2022September 20, 2022 by cpatches

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% Li₂CO_3, 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.

Get the Full Report

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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.

Release – Cypress Development Confirms Production Of Battery Grade Lithium Carbonate

Posted on September 19, 2022September 19, 2022 by aweinsoff@channelchek.com

Research, News, and Market Data on CYDVF

September 19, 2022

September 19, 2022 – Vancouver, Canada – Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) (Cypress or Company) is pleased to report it has achieved a significant milestone with the production of 99.94% lithium carbonate (Li₂CO₃) made from lithium-bearing claystone from the Company’s 100%-owned Clayton Valley Lithium Project in Nevada, USA (Project). The Li₂CO₃ was derived from the intermediate concentrated lithium solution produced at Cypress’ Lithium Extraction Facility in Amargosa Valley, Nevada (Pilot Plant). Following direct lithium extraction (DLE) at the Plant, Saltworks Technologies Inc. (Saltworks) completed the processing system design and pilot work to make the Li₂CO₃.

“These are excellent results for the initial iteration of testing and will be incorporated into our on-going Feasibility Study on the Project” stated Bill Willoughby, Cypress President, and CEO. “We are pleased to receive comprehensive assays validating the extraction process we have designed for our Project. Exceeding the standard for battery grade lithium carbonate checks-off an important goal for the Company and its further development of the Project.”

Cypress executed pilot operations through to production of ‘three nines’ Li₂CO₃ that exceeds the standard battery grade specifications below. All processing was completed with material from the Company’s Project in an end-to-end automated pilot plant that represents full scale production. Independent analyses of product samples were completed by SGS Canada Inc., with the results showing greater than 99.9 weight-percent (wt%) purity in a scalable representative process.

CONSTITUENT	CONCENTRATION	BATTERY GRADE SPEC – LI₂CO₃	CYPRESS LI₂CO₃
Li₂CO₃	wt%	>99.5%	99.94%
H₂O	wt%	<0.5%	0.01%
Na	wt%	<0.05%	0.02%
Ca	wt%	<0.04%	0.02%
Al	Wppm	<10	6
Cu	Wppm	<5	<4
Ni	Wppm	<6	<5
Zn	Wppm	<5	<5
Cl	wt%	<0.01%	0.008%

Notes: wt% (weight percent), wppm (weight parts per million)

“Our team is pleased with the outcome at Saltworks, and their support of our Project,” stated Bill Willoughby. “Cypress has engaged Saltworks to integrate their designs into our pilot plant program and look forward to their continued work on the Project.”

The final product surpasses industry requirements for standard battery grade Li₂CO₃ and has achieved industry requirements for enhanced battery grade Li₂CO₃ for xEV use. It is common practice for lithium battery manufactures to have specific requirements for Li₂CO₃ used in their products dependant on application.

Qualified Person
Daniel Kalmbach, CPG, is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release.

About Cypress Development Corp
Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF CYPRESS DEVELOPMENT CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements that may be deemed to be “forward-looking statements”. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” “scheduled,” and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.