Cypress Development Corp is exploring for lithium resources in Clayton Valley, Nevada. Recent drilling encountered lithium-bearing claystone up to 112 meters below surface, with grades averaging 852-1063 ppm lithium. Metallurgical testing indicates 80% of the lithium can be extracted using sulfuric acid leaching. Cypress plans additional drilling, a resource estimate in Q1 2018, and a Preliminary Economic Assessment in the second or third quarter of 2018 to evaluate the project's potential. The location near existing lithium production and infrastructure could allow Cypress to become a significant long-term lithium supplier for the growing battery market.