Assay TV catches up with Dr. Bill Willoughby, President, CEO, and Director of Cypress Development Corp. (TSX.V: CYP, OTCQX: CYDVF). The company is developing its 100% owned, advanced-stage Clayton Valley lithium project, located in Nevada, U.S. Bill informs us that the project is advancing towards the production of high-purity lithium hydroxide, suitable for tier one batteries, an essential component to electric vehicles and reaching global net-zero goals.
The Clayton Valley Lithium project covers 65,000 acres, with a reserve of 6.3M lithium carbonate equivalent (LCE) and will be processed by Cypress Development’s feasibility stage Amargosa Valley pilot plant. The lithium potential will support an estimated 40-year mine life, producing roughly 25 – 30Kt of LCE.
Website: cypressdevelopmentcorp.com
Primary tickers: TSXV:CYP, OTCQX:CYDVF
Stage of development: Development
Commodity: Lithium
Project to promote: Clayton Valley
Project location: USA