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Cypress Development to start lithium extraction at its Clayton Valley pilot plant next week

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(Kitco News) - Cypress Development (TSXV: CYP) reported Wednesday that the assembly of the pilot plant for the company's 100%-owned Clayton Valley lithium project in Nevada is complete.

According to the company's statement, the pilot plant is intended to confirm the extraction of lithium from the company's Clayton Valley lithium project, following the recommendations outlined in the company's PFS, and will provide the data necessary to carry the project forward to the feasibility level. The pilot plant is located at a metallurgical facility approximately 100 miles south of the project.

With assembly and operational testing of component equipment finished, test extraction of lithium from the project's sample material will begin next week. The pilot plant will utilize chloride-based leaching combined with the Chemionex—Lionex process for direct lithium extraction, the company added.

"The completion of the pilot plant represents a significant milestone and marks the culmination of months of work by Cypress, our consultants, and contractors" stated President and CEO Bill Willoughby. "The testing ahead will be one of the larger piloting efforts to extract lithium from clay in the world, and the only one based on a chloride approach to leaching."

Cypress Development is a Canadian advanced stage lithium exploration company, focused on developing its 100%-owned Clayton Valley lithium project in Nevada, USA, located adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation.

The results of a positive Pre-Feasibility Study for the Clayton Valley Lithium Project were announced by Cypress Development in August 2020.

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