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Net Present Value:
$3.53B
$20,000/t LCE pricing. After-tax, 8% Discount rate
Resource Estimate:
6.3 Mt
Measured & Indicated
1. Summary
The company holds 100% of the Clayton Valley lithium project in Nevada. The company released a Preliminary Feasibility Study (PFS) in May, 2020.
Clayton Valley highlights include: leachable with hydrochloric acid (“table salt acid”), sizable resource & proven tier one battery grade end product.
The Project In Detail
Clayton Valley
Nevada, USA
2. Project Highlights
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4. Management Team
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William Willoughby
Director, CEO - PhD, PE
- Professional Engineer with over 38 years experience in the mining field
- Ph.D. in Mining Engineering & Metallurgy from the University of Idaho
- Previously held various positions at TECK (Cominco)
- President and COO of International Enexco Ltd, acquired by Denison Mines in 2014
Donald C. Houston
Chairman, President
- Over 30 years experience in the mineral exploration industry
- Extensive Experience as a financier for numerous mineral exploration projects in North America
- Worked for 15 years as a geophysical contractor for C.D Hudston & Sons Ltd.
Abrahaam (Braam) Jonker
CFO - CPA
- An accomplished financial leader with almost 30 years of experience in the mining industry.
- Served as CFO of Nevada Copper Corp, where he led the corporate finance functions while the company transitioned towards production
- Interim CEO & Non-Executive Director of Nevada Copper
- Raised and overseen more than $750 million in the mining industry
- Previously he was the Chief Financial Officer of Western Coal Corp at the time of its take-over by Walter Energy for $3.3 billion
Spiros Cacos, MA
Vice President, Investor Relations
- 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.
- His prior roles include serving as Vice President, Investor Relations for Group Eleven Resources Corp., a mineral exploration company focused on advanced stage zinc exploration in Ireland, and as Director of Investor Relations for Great Panther Mining Limited (formerly Great Panther Silver Limited), a primary silver mining company listed on the TSX and the NYSE with two mining operations in Mexico.
- Mr. Cacos holds a Master's degree in International Relations and Diplomacy, from the Schiller International University in Paris, France, and a Bachelor of Arts Degree from Simon Fraser University in British Columbia, Canada.
James G. Pettit
Non-Executive Director
- Currently serving on the board of directors of five publicly traded companies.
- 25 years experience within finance, corporate governance, executive management compliance.
- Chairman & CEO of Bayfield Ventures Corp, which was bought by New Gold Inc. in January 2015.
Donald G. Myers
Non-Executive Director
- Over 30 years of experience working with public company management, corporate communication and investor relations
- Worked with companies listed on the TSX-venture, Nasdaq and Toronto Stock Exchanges
Cassandra Joseph, Esq.
Non-Executive Director
- +20 years of legal experience with a focus on mining and metals, environmental and corporate law
- Previously served as a Senior Deputy Attorney General for the Nevada Attorney Generals’ Office, representing the Nevada Division of Environmental Protection, Division of Water Resources and other agencies within the Department of Natural Resources.
- Served as Senior Vice President at Nevada Copper Corp
- Served as VP Associate General Counsel, Corporate Secretary and Chief Compliance Officer for Tahoe Resources Inc.
- Holds a J.D. from Santa Clara University School of law and a B.A. from U.C. Berkeley.
Amanda Chow
Director - CPA, CMA
- Audit Committee Member of Cypress Development Corp.
5. Technical Advisors
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Corby G. Anderson
Technical Advisor - PhD, CEng, FIMMM, FIChemE
- Professional Engineer with 40 years experience in the fields of extractive metallurgy, mineral processing, waste minimization and recycling
- PhD in Mining Engineering and Metallurgy
- He holds numerous patents and patent applications covering innovative extractive technologies
Academic Awards:
- SME’s Milton E. Wadsworth Extractive Metallurgy Award,
- International Precious Metals Institute’s Tanaka Distinguished Achievement Award
- SME’s Distinguished Member Award
- Outstanding Faculty Award from the George S. Ansell Department of Metallurgical and Materials Engineering at Colorado School of Mines
- EPD Distinguished Lecturer Award from the Minerals, Metals and Materials Society
Adam Knight
Project Manager
- A professional mining engineer since 1994 with experience in both surface and underground mining
- Previous positions such as project manager for Practical Mining LLC and Vice President Operations for EMC Metals Corp until 2015.
- Worked with numerous clients from junior exploration and mining companies to the largest mining companies in the world.
Daniel W. Kalmbach
Technical Advisor - CPG
- Over 21 years experience in the field of geology
- Extensive experience in greenfield & generative exploration, development, mining and environmental science
- Worked as a production geologist at Barric Gold Corp and later worked as a senior geologist of Internal Enexco Ltd.
- Currently holds a position as Vice President of Exploration for Caliber Materials Inc.
William H. Breen
Land Manager - PGeo, BSc
- Consults Cypress Development Corp as a landman, to oversee that Cypress' federal mining claims remain in good standing
- Over 41 years of experience in precious metals, base metal, uranium, lithium & cobalt exploration projects
- Worked with numerous clients from junior exploration and mining companies to the largest mining companies in the world.
Donald Mosher
Advisor, Corporate Development
- Over 30 years experience in the capital markets, specializing in venture companies.
- Financial adviser at Union Securities in Vancouver
- Worked for a company called Napier Environmental Technologies until 2004.
- Started B & D Capital Partners. The business funded venture companies in all sectors of business including mining, pharmaceutical, oil and gas, etc.
- Held the position of CEO and President of Rodinia Minerals which was focused on exploring for lithium in Clayton Valley, Nevada.
Simon Dyakowski
Advisor, Corporate Development
- Over 10 years of experience within the fields of corporate finance, corporate development and capital markets advisory.
- Advises venture stage & groth-oriented public market issuers on deal structuring, capital market & corporate development strategies.
- Held various positions at Salman Partners and Leede Financial.
6. Want to know more?
Crux Interview
Cypress Development Property Tour
Forums & Stock Message Boards - Chat with others about the company!
Clayton Valley Project
7. Resources & Reserves
Resources
Reserves
Clayton Valley Project
8. Project Economics
Initial capital costs
$493M
After-tax IRR
59.6%
$20,000/t LCE pricing, 8% Discount rate
Operating Cost
$3329/t
LCE, before by-products credit
Ownership
100%
Of the Clayton Valley project
Cypress Development Corp: $CYP
9. Current valuation
See how much of the Clayton Valley project’s Net Present Value is priced in with todays valuation. The data is delayed 15-minutes.
Compare to other companies!
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