Century Lithium Corp V.LCE

Alternate Symbol(s): CYDVF

Metals & Mining Industrial Metals & Minerals

Century Lithium Corp. is a Canada-based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, United States. The Company is engaged principally in the acquisition, exploration, and development of its mineral properties. The Company is in the pilot stage of testing on material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada. It is focused on being a domestic producer of lithium for the electric vehicle and battery storage market. The Clayton Valley Lithium Project is located in Esmeralda County, in west-central Nevada, United States, immediately east of Albemarle’s Silver Peak mine.

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Century Lithium Corp > Appointments of New Chair, Director and President

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Comment by 0checkeron Sep 09, 2021 10:40pm

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RE:RE:RE:RE:RE:Appointments of New Chair, Director and President

https://www.cypressdevelopmentcorp.com/news/2021/cypress-development-enters-into-water-rights-purchase-and-sale-agreement-in-clayton-valley-nevada/ " <h2 class="header" style="box-sizing: border-box; outline: none; vertical-align: top; margin: 0px 0px 20px; font-family: "Fjalla One", sans-serif; font-weight: 400; color: rgb(0, 0, 0); font-size: 34px; line-height: 1.2;"> Cypress Development Enters Into Water Rights Purchase And Sale Agreement In Clayton Valley, Nevada</h2> <article class="uk-article" style="box-sizing: border-box; outline: none; vertical-align: top; color: rgb(130, 130, 130); font-family: Roboto, sans-serif; font-size: 16px;"> <div class="uk-article-meta uk-clearfix" style="box-sizing: border-box; outline: none; vertical-align: top; font-size: 0.875rem; line-height: 1.4; color: rgb(153, 153, 153);"> September 8, 2021 <a class="em" style="box-sizing: border-box; outline: none; vertical-align: top; background-color: transparent; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s;">Print This Page</a> </div> <div class="uk-align-right@s uk-margin-remove-top" style="box-sizing: border-box; outline: none; vertical-align: top; margin-bottom: 30px; margin-left: 40px; float: right; margin-top: 0px !important;"> <div class="uk-card uk-card-small uk-card-secondary uk-card-body no-print" style="box-sizing: border-box; outline: none; vertical-align: top; position: relative; transition: box-shadow 0.1s ease-in-out 0s; padding: 20px; background: rgb(243, 243, 243); box-shadow: none;"> <h4 style="box-sizing: border-box; outline: none; vertical-align: top; margin: 0px 0px 20px; font-family: "Fjalla One", sans-serif; font-weight: 400; color: rgb(255, 255, 255); font-size: 18px; line-height: 1.4;"> Related Document</h4> <ul class="uk-list uk-list-line" style="box-sizing: border-box; outline: none; vertical-align: top; margin: 20px 0px 0px; padding-right: 0px; padding-left: 0px; list-style: none; color: rgba(255, 255, 255, 0.7);"> <li style="box-sizing: border-box; outline: none; vertical-align: top;"> <a href="https://www.cypressdevelopmentcorp.com/site/assets/files/4072/cyp_09_08_21_cypress_enters_into_water_rights_purchase.pdf" style="box-sizing: border-box; outline: none; vertical-align: top; background-color: transparent; color: rgb(255, 255, 255); text-decoration-line: none; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s; margin-bottom: 0px;" target="_blank" title="">View PDF</a></li> </ul> </div> </div> September 8, 2021 - Vancouver, Canada - Cypress Development Corp. (TSX.V: <a href="https://money.tmx.com/en/quote/CYP" style="box-sizing: border-box; outline: none; vertical-align: top; background-color: transparent; color: rgb(235, 175, 0); text-decoration-line: none; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s;">CYP</a>) (OTCQB: <a href="https://www.otcmarkets.com/stock/CYDVF/overview" style="box-sizing: border-box; outline: none; vertical-align: top; background-color: transparent; color: rgb(235, 175, 0); text-decoration-line: none; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s;">CYDVF</a>) (Frankfurt: <a href="https://www.boerse-frankfurt.de/equity/cypress-development-corp" style="box-sizing: border-box; outline: none; vertical-align: top; background-color: transparent; color: rgb(235, 175, 0); text-decoration-line: none; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s;">C1Z1</a>) (“Cypress” or “the Company”) is pleased to report that it has entered into a Water Rights Purchase and Sale Agreement (the “Agreement”) with Intor Resources Corporation (“Intor”), a wholly owned U.S. subsidiary of Nevada Sunrise Gold Corporation (“Nevada Sunrise”), for the purchase of Intor’s Water Rights Permit in Clayton Valley, Nevada (the “Permit”). The Permit allows for 1,770 acre-feet of water per year for mining, milling, and domestic use. “With the completion of the Agreement, Cypress is a big step closer to securing water rights for our Clayton Valley Lithium Project”, stated Bill Willoughby, President & CEO of Cypress. “Cypress and Nevada Sunrise are now moving forward to complete the parties’ obligations under the Agreement. For Cypress’ lithium project, this is a meaningful development because water is a vital resource to the project. This purchase has the potential to secure the Project’s future water requirements.” Terms of the Agreement The purchase price for the Permit is US$3 million to be paid in a combination of cash and Cypress common shares. The purchase price includes an initial non-refundable cash payment of US$150,000 (paid), and a final payment of US$2.85 million on receipt of all necessary approvals and transfer of the Permit to Cypress (“Closing Payment”). The Closing Payment comprises US$2 million in cash and the issuance of Cypress common shares to the value of US$850,000 (“Share Issuance”). The Agreement is subject to terms and conditions customary for a transaction of this nature, including TSX Venture Exchange approval of the Share Issuance. The Parties are now working towards obtaining the approvals required for the transfer of the Permit, expected during the fourth quarter of 2021. About Cypress Development Corp: Cypress Development Corp. is a Canadian advanced stage lithium 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 June 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 & CEO For further information, please contact: Spiros Cacos | Vice President, Investor Relations Mobile: +1 604 764 1851 | Toll Free: 1 800 567 8181 | Email <a href="mailto:scacos@cypressdevelopmentcorp.com" style="box-sizing: border-box; outline: none; vertical-align: top; background-color: transparent; color: rgb(235, 175, 0); text-decoration-line: none; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s;">scacos@cypressdevelopmentcorp.com</a> <a href="https://www.cypressdevelopmentcorp.com/" style="box-sizing: border-box; outline: none; vertical-align: top; background-color: transparent; color: rgb(235, 175, 0); text-decoration-line: none; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s;">www.cypressdevelopmentcorp.com</a> 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 </article> This release includes certain statements that may be deemed to be "forward-looking statements". 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 <a href="https://www.sedar.com/" style="font-size: 12.8px; font-family: Roboto, sans-serif; background-color: transparent; box-sizing: border-box; outline: none; vertical-align: top; color: rgb(235, 175, 0); text-decoration-line: none; cursor: pointer; touch-action: manipulation; transition: all 0.3s ease 0s;" target="_blank">www.sedar.com</a> for further information."

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