Cypress Development Corp (TSX-V:CYP, OTCQB:CYDVF) announced that it has qualified to trade on OTC Markets Group Inc's OTCQX Best Market and begins trading today, December 21, 2021, under the symbol CYDVF.
"We are pleased to better serve our growing investor base and supporters of Cypress as we advance our Clayton Valley Lithium Project in Nevada," said Bill Willoughby, president and CEO of Cypress Development in a statement.
"Upgrading to the OTCQX is an important step for the Company in building market awareness and improving access for our US investors," he added.
READ: Cypress Development completes purchase of permit for water rights in Nevada to spur development of Clayton Valley lithium project
The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.
Cypress Development Corp. is a Canadian-based 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.
Cypress is advancing its Clayton Valley Lithium Project in Nevada towards the production of high-purity lithium hydroxide suitable for tier-one battery usage.
Contact the author at jon.hopkins@proactiveinvestors.com