BRIEF-Cypress Development options lithium property in Nevada to Pure Energy Minerals

Wed Aug 24, 2016 7:37am EDT
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Aug 24 (Reuters) - Cypress Development Corp:

* Cypress options 1,520-acre lithium property in Clayton Valley, Nevada to Pure Energy Minerals

* Parties shall enter into a joint venture agreement for further exploration of property, and Pure Energy shall serve as operator

* New option agreement grants Pure Energy Minerals right to acquire up to 70% undivided interest in 1,520-acre package Source text for Eikon: Further company coverage: