Posted on StockWatch for MembersA few days ago, this was posted on StockWatch for Members only. (It's great that the news is being picked up on. (I have shares in both CYP & PE.) Don Huston's Cypress Development Corp. (CYP), down one-half cent to 10 cents on 164,000 shares, has arranged the sale of up to three million shares at 10 cents. The $300,000 that the company is seeking is for exploration at its lithium projects in the Clayton Valley region of Nevada. The company lists two lithium prospects in the valley: Glory and Dean. Dean is immediately east of Albemarle's producing lithium brine mine, while Glory, in which Pure Energy Minerals Inc. (PE: $0.72) is earning an interest from Cypress, is immediately east of Pure Energy's advanced Clayton Valley South project, just to the southeast of the Albemarle mine. Cypress has been busy at both Glory and Dean this fall. The company produced assays of up to 3,830 parts per million lithium from samples of mudstone and claystone collected on a grid at Glory in mid-November. Those samples averaged 906 ppm lithium. Cypress completed a similar program at Dean, testing claystone in what it now calls the Frontera Verde zone. There, surface samples also assayed as high as 3,830 ppm lithium, but the average grade topped 1,500 ppm. Mr. Huston, president, CEO and a veteran Howe Streeter, called the results "some of the highest-grade lithium numbers" that have ever been reported from Clayton Valley claystone. He says his company plans to continue working on potential extraction methods to recover the lithium economically.