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  • Cypress Development (CYP) has announced that Mr. Abraham (Braam) Jonker will be joining the senior management team as Chief Financial Officer
  • Mr. Jonker has almost 30 years of experience as a financial leader in the mining industry
  • He will play a part in the company’s development and production of lithium for the fast-growing global energy storage battery market
  • Cypress Development is a Canadian exploration company that is principally engaged in the acquisition, exploration, and evaluation of resource properties
  • Cypress Development (CYP) is down 3.54 per cent and is currently trading at $1.09 per share

Cypress Development (CYP) has announced that Mr. Abraham (Braam) Jonker will be joining the senior management team as Chief Financial Officer.

James Pettit, who has been serving as acting CFO, will continue to serve as a non-executive director on the board.

Cypress CEO Bill Willoughby commented on Mr. Jonker’s appointment.

“We look forward to his contributions as we move our Clayton Valley Lithium Project in Nevada towards a feasibility study,” he said.

Mr. Jonker is an accomplished financial leader in the mining industry with almost 30 years of experience. He recently served at Nevada Copper Corp, most recently as CFO and previously as interim CEO and as a non-executive director.

He has played a pivotal role in the recovery and restructuring of several businesses and has overseen the raising of more than $750 million in the form of equity and debt instruments in the mining industry.

“We are excited to have available his expertise in strategic and financial management and especially his recent accomplishments with a major mining project in Nevada,” remarked Mr. Willoughby.

Cypress Development’s exploration and development activities include a world-class resource of lithium-bearing claystone at the Clayton Valley Lithium Project in Nevada.

The size of the resource makes the Clayton Valley Project a premier source that has the potential to impact the supply of lithium for the fast-growing global energy storage battery market.

Cypress Development (CYP) is down 3.54 per cent and is trading at $1.09 per share as of 3:12 pm ET. 

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