Cypress Development Corp announced that the Company has acquired through a Purchase Agreement 24 unpatented mining claims in Clayton Valley, Nevada, bringing the Company's land holdings to 6558 acres in total. The newly acquired claims, which total 480 contiguous acres, are proximal to the Company's Clayton Valley Lithium Project. The claims were acquired for their exploration potential for lithium-bearing claystone and brine.The purchase price for 100% interest in the claims, acquired from a private party vendor, is to be paid through the issuance of 49,000 Cypress shares, due upon closing. The claims have no retained or underlying royalties. The Agreement is subject to terms and conditions customary for a transaction of this nature, including TSX Venture Exchange approval of the Share Issuance.Cypress Development Corp is a Canadian advanced stage lithium exploration company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Work completed by Cypress led to the discovery of a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation.
Cypress Development Corp announced that the Company has acquired through a Purchase Agreement 24 unpatented mining claims in Clayton Valley, Nevada, bringing the Company's land holdings to 6558 acres in total. The newly acquired claims, which total 480 contiguous acres, are proximal to the Company's Clayton Valley Lithium Project. The claims were acquired for their exploration potential for lithium-bearing claystone and brine.The purchase price for 100% interest in the claims, acquired from a private party vendor, is to be paid through the issuance of 49,000 Cypress shares, due upon closing. The claims have no retained or underlying royalties. The Agreement is subject to terms and conditions customary for a transaction of this nature, including TSX Venture Exchange approval of the Share Issuance.Cypress Development Corp is a Canadian advanced stage lithium exploration company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Work completed by Cypress led to the discovery of a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation.
