Cypress Development Announces Results of Lithium Extraction Pilot Plant in Nevada
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Wed, March 30, 2022 at 11:00 AMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on Cypress Development's recent advancements in lithium extraction from clay deposits, particularly discussing the results from their pilot plant program in Amargosa Valley. Key updates included financing efforts, project milestones, and future objectives in the context of the growing demand for lithium in the electric vehicle market. Key Discussion Points - Introduction of the meeting and speakers, including Dr. Bill Willoughby and Bram Yonker. - Overview of Cypress Development's lithium extraction project in Clayton Valley, Nevada. - Discussion of the pilot plant program results and the unique extraction processes being utilized. - Financial updates, including recent funding and cash reserves. - Importance of water rights and environmental considerations for the project. - Current market conditions affecting lithium prices and company share performance. - Future objectives including feasibility studies and potential government loan programs. De...
Dr. Willoughby is a mining engineer with 38 years of experience in all aspects of natural resources development. Since 2014, he has been principal and owner of consulting firm Willoughby & Associates, PLLC. Prior to that, he was President and COO of International Enexco Ltd., which was acquired by Denison Mines in 2014. He previously held various positions with Teck (Cominco). Dr. Willoughby has been a Professional Engineer since 1985 and received his Doctorate in Mining Engineering & Metallurgy from the University of Idaho in 1989.
Mr. Jonker is an accomplished financial leader in the mining industry with almost 30 years of experience. He recently served as CFO of Nevada Copper Corp, where he led the corporate finance functions as the company transitioned to project developer and into initial start-up of production. Prior to his appointment as CFO, he also served as Interim CEO and Non-Executive Director of Nevada Copper. Mr. Jonker has played a pivotal role in several business recoveries and restructurings, was a key team member in management and at the board level in the strategic growth of a number of public companies and has participated, raised and overseen the raising of more than $750 million in the form of equity and debt instruments in the mining industry. He is a registered Chartered Accountant in British Columbia, (Canada), England, Wales and South Africa. He is also a member of the Chartered Institute of Management Accountants in the United Kingdom and holds a Masters degree in South African and International Tax from the Rand Afrikaans University, South Africa.
Mr. Cacos has over 20 years of investor relations experience working with public mining companies, ranging from early-stage exploration and development to production. Most recently, Mr. Cacos served as Vice President, Investor Relations for First Mining Gold, a Canadian gold development company listed on the TSX and OTCQX, focused on the development and permitting of the Springpole Gold Project, one of the largest undeveloped gold projects in Canada.
Replay transcript excerpt
Speaker 1: Well, hello everyone and welcome to Cypress Development's live summit today hosted by 6. I'm very pleased to introduce Dr. Bill Willoughby, President and Chief Executive Officer. Speaker 1: Joining us soon will be Bram Yonker, Chief Financial Officer, and we have Spiros Kakos, Vice President, Investor Relations on the line. Speaker 1: Dr. Bill's gonna walk us through a company presentation after we will be accepting questions live. So as a reminder, you can submit your questions at any time throughout the presentation Speaker 1: on the Q&A panel on the right-hand side of the screen, and we'll get to them after the presentation. And as always, the summit is recorded and will be available to watch afterwards on fix6.com. Speaker 1: So without any further ado, I'm going to hand it over to you, Bill. Speaker 2: Great. Thank you, Dasha. Pleasure to speak with everyone today and talk about Cypress and our company. Speaker 2: And Speaker 2: we have a news release that went out this morning about results from our pilot plant program in Amargosa Valley. Speaker 2: That will be open for discussion and questions at the end of our brief talk. We'll run through a brief talk of the project itself, just Speaker 2: if anyone's new to it, can Speaker 2: get a background on where we are and what we're trying to achieve. Speaker 2: And then we'll go into the details on the pilot plant and our program. Speaker 2: So this is a view in the opening slide of our project site. It's in Nevada. Speaker 2: We're halfway between Las Vegas and Reno in Clayton Valley. Speaker 2: We're standing on our clay deposit. Speaker 2: Cypress's project is about extracting lithium from a clay. We have an extensive clay deposit under our feet in this slide. We're looking across where we plan to Spe...
