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Be the first with the news that moves the market- Cypress (CYP) has produced 99.94-per-cent lithium carbonate from lithium-bearing claystone
- The claystone stems from the company’s 100-per-cent owned Clayton Valley Lithium Project in Nevada
- The lithium carbonate exceeds standard battery-grade specifications and meets enhanced battery-grade specifications for EV use
- Cypress Development is an advanced-stage lithium company active in Nevada
- Cypress (CYP) is up by 25.89 per cent, trading at $1.41 per share
Cypress (CYP) has produced 99.94-per-cent lithium carbonate from lithium-bearing claystone.
The claystone stems from the company’s 100-per-cent owned Clayton Valley Lithium Project in Nevada.
The lithium carbonate – which meets enhanced battery-grade specifications for EV use – was derived from the intermediate concentrated lithium solution produced at Cypress’ lithium extraction facility in Amargosa Valley, Nevada.
Following direct lithium extraction at the facility, Saltworks Technologies completed the processing system design and pilot work to generate the lithium carbonate.
“These are excellent results for the initial iteration of testing and will be incorporated into our ongoing 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 Development is an advanced-stage lithium company active in Nevada.
Cypress (CYP) is up by 25.89 per cent, trading at $1.41 per share as of 10:17 am EST.
