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Cypress Development Announces Assembly Completion of Its Pilot Lithium Plant – Shares Up 12.34%

Cypress Development Corp. (TSXV: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased…

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This article was originally published by Resource World

Cypress Development Corp. (TSXV: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased to report that the assembly of the pilot plant for the Company’s 100%-owned Clayton Valley Lithium Project in Nevada is complete. The pilot plant is located at a metallurgical facility approximately 100 miles south of the project. Purchasing of items for the pilot plant began in March and work progressed through the summer. 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 (DLE), as described in previous announcements.

“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 Bill Willoughby, President and CEO of Cypress. “This work, under the direction of Continental Metallurgical Services and supported by the management and personnel of del Sol Refining, Inc., has resulted in a pilot plant that embodies the research that went into our process flowsheet. 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. While the ultimate goal is to demonstrate the production of lithium hydroxide from our claystone resource on a larger scale, the results from the various areas within the plant, from leaching and tailings handling, to solution treatment and recycling, chemical usage and water balance, will provide the data necessary to carry the project forward to the feasibility level.”

The Company’s pilot plant is configured to use chloride-based leaching to liberate the lithium from the project’s claystone. This was based on results from an internal scoping study completed in January 2021, which determined additional benefits in the areas of economics, process, and the environment when using a chloride-based rather than a sulphate-based leaching process. The sulphate-based process remains a viable alternative as detailed in the project’s Pre-Feasibility Study (PFS, effective Date August 5, 2020 and amended March 15, 2021).

Pilot Plant Program Objectives

The pilot plant is intended to confirm the extraction of lithium from the Company’s Clayton Valley Lithium Project, in following the recommendations outlined in the Company’s PFS.

There are four main sections in the pilot plant: leaching, tailings handling, pregnant leach solution (PLS) treatment and the Chemionex—Lionex DLE process area. Two additional processing steps will be conducted off-site at NORAM Engineering and Construction, Ltd’s B.C. Research Laboratory in Richmond, Canada; these steps will take the concentrated lithium solution and a portion of the depleted solution following DLE for the production of lithium hydroxide and the generation of hydrochloric acid and sodium hydroxide.

Each section in the pilot plant has specific objectives. The leaching section will work to improve leach conditions and confirm lithium extraction into PLS. Testing of various feed size and grade of the claystone, reagent mixtures, and water balance will aid in optimization at scale.

The tailings handling section will utilize a counter current decantation arrangement of thickener settlers and flocculant mixing, with the objective of determining materials handling, moisture content and water consumption. Testing in this stage will provide key information for water requirements and design of tailings facilities.

The PLS treatment section will remove impurities prior to introduction into the DLE process through two-stage neutralization and filtration, a tertiary stage will follow the DLE process prior to recycling of solution back to leaching.

The DLE section consists of Chemionex’s—Lionex DLE technology and will test compatibility of the PLS to be further concentrated with this process. Cypress was granted an option, upon completion of the pilot plant program, to license this process for commercial use at its project.

The final two steps will be conducted by NORAM Engineering, these will treat the concentrated lithium solution from the DLE portion of the pilot plant to produce lithium hydroxide and test the stripped leach solution for compatibility for recycling to the leaching section of the plant.

Pilot Plant Photos

 

About Cypress Development Corp

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. The results of a positive Pre-Feasibility Study for the Clayton Valley Lithium Project were announced by Cypress Development in August 2020. Cypress Development trades on the TSX Venture Exchange under the symbol CYP, and on the OTCQB under the symbol CYDVF.

 

ON BEHALF OF CYPRESS DEVELOPMENT CORP.

WILLIAM WILLOUGHBY, PhD., PE

President & Chief Executive Officer

 

For further information, please contact:

Spiros Cacos | Vice President, Investor Relations

Direct: +1 604 764 1851 | Toll Free: 1 800 567 8181 | Email [email protected]

www.cypressdevelopmentcorp.com

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be “forward-looking statements”. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” “scheduled,” and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Author: Resource World

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QuantumScape Stock Is a Tough Buy, but It May Be a Tougher Sell

I’ve been writing about QuantumScape (NASDAQ:QS) for about a year. During that time, QS stock has been to the moon and back. But in the past few months,…

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I’ve been writing about QuantumScape (NASDAQ:QS) for about a year. During that time, QS stock has been to the moon and back. But in the past few months, it seems shares have settled into a range.

Source: Tada Images / Shutterstock.com

That’s good news for investors who got in on QS stock shortly after it went public. But investors who entered a position in the past few months have little, if any, gains to show for it. 

No matter when investors bought QS stock, though, they’re in for a long wait before the company delivers any revenue. Management has said it expects to generate positive revenue in 2024 or 2025.

I believe QuantumScape will bring a solid-state battery to market. If it does, it has a chance to be a game-changer for electric vehicles (EVs). However, it’s possible a competitor will beat QuantumScape to market and steal its thunder. 

It’s this half-empty, half-full outlook that makes QS stock difficult to recommend as a “buy” and equally difficult to recommend as a “sell.” 

The Holy Grail of the EV Market

Solid-state batteries are the Holy Grail of the EV industry. If successfully manufactured to scale, a solid-state battery will take away many of the pain points that exist with lithium-ion batteries. Specifically, solid-state batteries hold the promise of a longer range, longer overall battery life, faster charging and a lower cost.  

But as the saying goes, if it was easy it would have been done already. Solid-state batteries present some significant engineering hurdles.

The uber-secretive QuantumScape says it is making breakthroughs. It claims to have discovered what causes lithium dendrites and developed a material to suppress their growth. But not everyone is convinced.

Innovation Loves Company 

QuantumScape expects to begin commercial production of its solid-state battery in 2024. It already has at least two partnerships lined up, including one with a “large automaker,” if and when that day arrives.  

In my most recent article about QuantumScape in August, I likened the company’s development of a solid-state battery to the Covid-19 vaccine race. My takeaway was that just as there is more than one vaccine, there will be more than one company that will be successful in developing a solid-state battery.  

Although that doesn’t give investors a firm floor for the stock, it does reduce the risk of QS stock becoming worthless. And a look at the company’s balance sheet shows there should be sufficient cash on hand to get a solid-state battery to market. 

The Bottom Line on QS Stock

Normally, I put a lot of stock in the opinion of the analyst community. However, in the case of QuantumScape, I’m reminded of the nursery rhyme about the little girl with a curl:

There was a little girl,
Who had a little curl,
Right in the middle of her forehead.
When she was good,
She was very, very good,
But when she was bad, she was horrid.

The analysts that like QS stock, love it. The ones that don’t like it, hate it.

I don’t like to see investors paying tomorrow’s price today. While the bulls may pound the table to say that QS stock is a bargain, there is a chance shares are overvalued. That’s the problem with pre-revenue companies like QuantumScape, which are destined to move up and down based on rumors and headlines.  

Shareholders have to wonder how long they’ll have to wait until QS stock lives up to its potential. With competitors hot on QuantumScape’s heels, an equally important question is how big the company’s addressable market will be if it is successful.  

Either way, buying QuantumScape is a question of trusting your gut instincts. As for me, I’m going to stay away from QS stock until I have more answers than questions.  

On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.  

Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019. 

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The post QuantumScape Stock Is a Tough Buy, but It May Be a Tougher Sell appeared first on InvestorPlace.


Author: Chris Markoch

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Energy & Critical Metals

COP26 to address great (and urgent) expectations

The UN’s 26th Conference of the Parties (COP26) from 31 October to 12 November in Glasgow comes at a pivotal moment for a world whose societies and economies…

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The UN’s 26th Conference of the Parties (COP26) from 31 October to 12 November in Glasgow
comes at a pivotal moment for a world whose societies and economies are being
ravaged not just by the effects of an ongoing pandemic, but by increasingly
frequent extreme climate events.
 

The Paris Agreement hammered out at COP21 in 2015
was hailed as a landmark, as 195 nations committed to combat climate change and
“unleash actions and investment towards a low-carbon, resilient and sustainable
future”.

One key significance of COP26 is that it will be the first
COP to take place since the Paris Agreement’s measures were due to take effect
(in 2020), and thus the first opportunity since Paris for nations to come
together to review their commitments and strengthen their resolve.

Keeping an eye on the ball… and pushing it further

The executive board of COP26 has set out these objectives
for the conference. 

  1.  

Ensure global net zero by 2050 and maintain the
achievement of the goal of 1.5°C  

Countries will be expected to declare ambitious targets for
reductions of greenhouse gas (GHG) emissions (Nationally Determined Contributions, or NDCs)
that align with the goal of achieving net zero emissions by 2050. To meet these
goals, countries will need to speed the phase-out of carbon, encourage
investment in renewable energy, reduce deforestation and accelerate the shift to
electric vehicles. 

Formalise how signatories work together to
address climate change  

COP26 will be used to embed the rules necessary to implement
the Paris Agreement by finalising the Paris Rulebook. This covers provisions related
to governance, mitigation, transparency, finance, the periodic global
stocktake, and implementation and compliance. It includes a timeline of key
milestones in the agreement’s implementation. 

Mobilise the finances committed to in the Paris
Agreement…  

To achieve the first two goals, developed countries must
deliver on their promise to raise at least USD 100 billion in climate finance
per year. International financial institutions must play their part and work to
unleash the trillions of dollars in private and public sector finance needed to
ensure global net zero.

However, an expert report prepared at the request of the
UN Secretary-General indicates that the USD 100 billion target is not being met
(the latest available amount – for 2018 – is USD 79 billion). However, it
accepts that climate finance is on an ‘upward trajectory’. The growth in sustainable bond issuance is one
example.

Mind the gap
and that gap could be even larger than originally thought. According to a
recent study by the Energy Transitions Commission, achieving net
zero emissions by mid-century would cost an estimated USD 1 trillion to USD 2
trillion a year of additional investments, or 1%-1.5% of global GDP.

When potential public or private investors question whether
such a commitment would make financial sense, they should really be asking
themselves whether the world can afford not
to invest in climate action.

Communities in all parts of the world are already suffering
financially from climate change, be it crop loss due to drought, or major
damage to infrastructure caused by flooding or other extreme weather.

Mankind should recognise and deal with the symbiotic
relationship between climate change and biodiversity
loss
.

The loss of ecosystems – of natural capital – due to climate
change arising from human activity is causing additional (and possibly soon-to-be irreversible) damage to
health, food resources and, particularly in the developing markets, economic
welfare.

The UN Special Envoy on Climate Action and Finance, Mark
Carney, says the huge amount of investment required represents an opportunity and not a risk. He argues that
the benefits that flow from such investments dramatically outweigh any upfront
costs. 

The financial and
business cases for clean energy
are stronger than ever. In most countries,
going solar is now cheaper than building new coal power plants. Clean energy
investments also drive economic growth, with the potential to create 18 million jobs by 2030,
even allowing for the inevitable loss of jobs related to fossil fuel. 

The annual USD 100 billion commitment from developed
countries referred to in the Paris Agreement ‘is a floor, not a ceiling’ for
climate finance, according to the UN. 

However, the benefits of the investments will likely be far
greater than the cost. Shifting to a green economy could yield a direct economic gain of USD 26 trillion by 2030
compared with business-as-usual. 

Achieve adaptation to protect communities and
natural habitats  

Even as GHG emissions begin to slow, the climate will
continue to change, with devastating effects. COP26 will urge cooperation to
encourage countries affected by climate change to protect and restore
ecosystems and biodiversity, build defences, implement alert systems, and make
infrastructure and agriculture more resilient to prevent the loss of homes,
income and lives.

The UN Environment Programme (UNEP) estimates that adaptation costs alone –
just for developing countries – will be between USD 140 billion and USD 300
billion per year by 2030, rising to USD 280 billion to USD 500 billion annually
by 2050.  

Great expectations? Perhaps not. Urgent needs? Yes.

Clearly, there is much riding on COP26, and the watching
world will have urgent – if not great –expectations of it delivering on its
aims. It is perhaps the most difficult of political tasks to achieve concord
between nearly 200 countries.

When considering Earth’s future, delegates at COP26 may do
worse than bear in mind a line (paraphrased here) from Charles Dickens’s ‘Great
Expectations’: “For too long a time, I have avoided thinking about what I have thrown
away, when I was quite ignorant of its worth.”


Any views expressed
here are those of the author as of the date of publication, are based on
available information, and are subject to change without notice. Individual
portfolio management teams may hold different views and may take different
investment decisions for different clients. The views expressed in this podcast
do not in any way constitute investment advice.

The value of
investments and the income they generate may go down as well as up and it is
possible that investors will not recover their initial outlay. Past performance
is no guarantee for future returns.

Investing in emerging
markets, or specialised or restricted sectors is likely to be subject to a
higher-than-average volatility due to a high degree of concentration, greater
uncertainty because less information is available, there is less liquidity or
due to greater sensitivity to changes in market conditions (social, political
and economic conditions).

Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

Writen by Alex Bernhardt. The post COP26 to address great (and urgent) expectations appeared first on Investors’ Corner – The official blog of BNP Paribas Asset Management, the sustainable investor for a changing world.

Author: Alex Bernhardt

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Energy & Critical Metals

Lightsource bp enters Polish renewables market with €500m deal

Lightsource bp aims to expand its presence in the renewables market and to grab opportunities that are anticipated within Poland.
The post Lightsource…

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Lightsource bp has announced its first renewable energy projects in Poland.

Lightsource bp has reached an agreement with a local energy company to develop 757MWp of solar energy capacity in Poland.

The nine projects will be developed in the regions of Zachodnio-pomorskie, Lubuskie, Dolnośląskie and Wielkopolskie.

Approximately half of the capacity will begin to be constructed in 2022. The 757MWp projects once complete will power some 363,870 households.

Lightsource bp will invest €500 million ($582 million) to bring the entire pipeline into operation, according to a statement.

Lightsource bp aims to expand its presence in the renewables market and to grab opportunities that are anticipated within the Polish market as the country expands its clean energy market to address climate change. The company is using a $1.8 billion credit facility recently secured to support its new global ambition of developing 25GW of global solar capacity by 2025. 

Although Poland has slowly expanded its renewable energy market, compared to its European counterparts, the country heavily relies on fossil fuels, mainly coal. Today, Poland has deployed 6GW of solar energy capacity and has plans to deploy more.

With the European Union calling for increased deployment of renewable energies including wind, solar and hydrogen energy, vast opportunities are expected in the coming years in Poland. The calls are also putting the Polish government under pressure to accelerate its energy decarbonisation efforts.

Have you read?
UAE energy firms and bp to invest billions in low-carbon energy
France’s EDF offers to build six nuclear reactors in Poland

In addition to reducing emissions, expanding renewables deployment is expected to help Poland to create more green jobs and revitalise its economy post-pandemic.

Bogdan Kucharski, the CEO of bp in Poland, said: “Poland is facing huge challenges related to the energy transition by the year 2040; ultimately, the Polish energy sector and the economy will rely mainly on renewable energy sources.

“This is the direction in which we must move, and this is what society expects of us. That is why I am happy that Lightsource bp is going to develop solar energy for Poland, supporting our country’s national renewable energy target. The goal is to significantly contribute to meeting the growing demand for energy from local and low-carbon solutions.”

Lightsource bp plans to sell the clean electricity from the projects on the open market and to large corporations via long-term power purchase agreements.

Vlasios Souflis, International Business Development Director, responsible for Lightsource bp’s global expansion said: “Entering the Polish marketplace is a significant milestone for us, and we have done so with a sizeable portfolio. The scope for growth in solar is huge, as renewables will be required to double their share on the grid in a short space of time.”

Michal Glowacki, Lightsource bp’s Senior Business Development Manager for Poland, Lightsource bp said: “We will focus now on expanding our presence in the country and building on this first deal. Lightsource bp’s goal is to contribute affordable, clean, low-carbon power to Poland’s electricity system at the gigawatt scale.”

We can’t wait to see you in Milan

Enlit Europe will bring the energy community together during the live event in Milan (30 November – 2 December 2021). Register here

The post Lightsource bp enters Polish renewables market with €500m deal appeared first on Power Engineering International.

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