Cypress Development Provides Update on Feasibility Study
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Cypress Development Provides Update on Feasibility Study

byThe Assay
3 years ago
Reading Time: 2 mins read
Cypress Development Provides Update on Feasibility Study

Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) has selected Thyssenkrupp Nucera USA, Inc. 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.

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.

The company’s feasibility study on the project commenced in March 2022 under the direction of Wood PLC, 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), where high purity lithium carbonate was made at Saltworks from concentrated lithium solutions produced at Cypress’ Lithium Extraction Facility in Nevada.

To find out more, please visit: https://cypressdevelopmentcorp.com/

Tags: LithiumTSXV:CYP
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