VANCOUVER, BC, Feb. 4, 2025
/CNW/ - Century Lithium Corp. (TSXV: LCE)
(OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or
"the Company") is pleased to provide an update on its wholly owned
Angel Island project near Silver Peak, Nevada, USA and associated Lithium Extraction
Facility ("Pilot Plant") in Amargosa
Valley Nevada. The Company has completed the successful
implementation of process improvements at its Pilot Plant. These
changes were developed in collaboration with Amalgamated Research,
LLC ("ARi") of Twin Falls, Idaho,
a research and development company specializing in industrial
implementation of process technologies. Century Lithium is now
shifting the focus at its Pilot Plant from research and development
to demonstration.
"The initial results from ARi are very encouraging, indicating
greater efficiency can be achieved that could result in positive
reductions in the estimated capital and operating costs at Angel
Island," said Century Lithium President and CEO, Bill Willoughby. "Century Lithium remains
committed to delivering value to our shareholders through Angel
Island, one of the few advanced lithium projects in the United States. We are optimistic about the
long-term fundamentals of the lithium market and the strategic
importance of Angel Island to the future mineral supply in
the United States."
Project Update
The processing testing program ("Program") implemented ARi's
proprietary adsorption-based technology for Direct Lithium
Extraction ("DLE") and was accomplished in conjunction with
ARi's Twin Falls testing
facilities and Century Lithium's Pilot Plant. The results of the
Program are positive and further validate the efficiency of Century
Lithium's extraction technology. The Program augmented Century
Lithium's DLE system with the addition of ARi equipment and
expertise. Early results indicate Century Lithium can eliminate the
recycle loops within its DLE and lithium carbonate areas, while
increasing eluate grades. The Company believes this will result in
a substantial reduction in estimated capital and operating costs at
Angel Island.
The decision to shift the focus at the Pilot Plant to
demonstration mode is two-fold; it will allow the Company to focus
on providing dedicated testing to prospective strategic partners or
potential end-users and reduce the ongoing operating costs of the
Pilot Plant. Current Pilot Plant operations will continue to
convert a backlog of lithium solutions, which were made prior to
the commissioning of the on-site lithium carbonate process at the
Pilot Plant, into battery-grade lithium carbonate.
Moving Forward
The Company recently announced a non-binding Memorandum of
Understanding ("MOU") with Orica Specialty Mining Chemicals (see
news release). The non-binding MOU outlines the intent of Century
Lithium and Orica to formalize a multiyear offtake agreement for
Orica to purchase sodium hydroxide from Angel Island. The favorable
outlook for the sodium hydroxide by-product contributes
significantly to Century Lithium's low-cost lithium carbonate
production model.
Ongoing engineering is focused on mining, and the leaching,
filtration, DLE, and lithium carbonate processing areas. The
Company continues to compile all data generated at the Pilot Plant.
The data will be used in engineering models and to run analytical
tests on full-scale construction designs focused on further
reducing the estimated capital and operating costs for producing
lithium carbonate at Angel Island.
Century Lithium remains focused on seeking strategic
partnerships with potential end-users and market participants
interested in securing a domestic supply of battery-grade lithium
carbonate. The Company continues to move forward with permitting
work to ensure that our future operations at Angel Island will
align with both regulatory requirements and Century Lithium's
environmental and social stewardship goals.
Qualified Person
Todd Fayram, MMSA-QP and Senior
Vice President, Metallurgy of Century Lithium is the qualified
person as defined by National Instrument 43-101 and has approved
the technical information in this release.
ABOUT Ari
Amalgamated Research LLC (ARi) is a supplier of chromatography,
adsorption, and ion exchange technology and equipment specialized
in commercializing innovative technology at large industrial scale.
ARi has developed a cost-effective and streamlined solution for
adsorption-based direct lithium extraction that maximizes plant
profitability while minimizing upfront capital cost. ARi's patented
fluid distribution and mixing technology de-risks scale-up allowing
separation processes to be reliably scaled from pilot plant data up
to industrial vessels exceeding 20-ft in diameter, with no
degradation in equipment performance. ARi provides a full spectrum
of customer support services, from proof of concept through to
industrial-scale installation. Comprehensive analytical services
and a wide range of pilot equipment are available on-site to
support process development and scale-up. Please visit
arifractal.net for more information.
ABOUT CENTURY LITHIUM CORP.
Century Lithium Corp. is an advanced stage lithium company,
focused on developing its wholly owned Angel Island project in
Esmeralda County, Nevada, which
hosts one of the largest sedimentary lithium deposits in
the United States. The Company has
utilized its patent-pending process for chloride leaching combined
with direct lithium extraction to make high purity lithium
carbonate product samples from Angel Island lithium-bearing
claystone on-site at its Pilot Plant in Amargosa Valley, Nevada.
Angel Island is one of the few advanced lithium projects in
development in the United States
to provide an end-to-end process to produce battery quality lithium
carbonate for the growing electric vehicle and battery storage
market. Angel Island is currently in the permitting stage for a
three-phase feasibility-level production plan expected to yield an
average of 34,000 tonnes per year of lithium carbonate over a
40-year mine-life.
Century Lithium trades on both the TSX Venture Exchange under
the symbol "LCE" and the OTCQX under the symbol "CYDVF"; and on the
Frankfurt Stock Exchange under the symbol "C1Z".
To learn more, please visit centurylithium.com
ON BEHALF OF CENTURY LITHIUM CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer
centurylithium.com
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
This release contains certain forward-looking statements
within the meaning of applicable Canadian securities legislation.
In certain cases, forward-looking statements can be identified by
the use of words such as "plans", "expects" or "does not
anticipate", or "believes", or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" and similar expressions suggesting future outcomes or
statements regarding an outlook.
Forward-looking statements relate to any matters that are not
historical facts and statements of our beliefs, intentions and
expectations about developments, results and events which will or
may occur in the future, without limitation, statements with
respect to the potential development and value of the Project and
benefits associated therewith, statements with respect to the
expected project economics for the Project, such as estimates of
life of mine, lithium prices, production and recoveries, capital
and operating costs, IRR, NPV and cash flows, any projections
outlined in the Feasibility Study in respect of the Project, the
permitting status of the Project and the Company's future
development plans.
These and other forward-looking statements and information
are subject to various known and unknown risks and uncertainties,
many of which are beyond the ability of the Company to control or
predict, that may cause their actual results, performance or
achievements to be materially different from those expressed or
implied thereby, and are developed based on assumptions about such
risks, uncertainties and other factors set out
herein. These risks include those described under the
heading "Risk Factors" in the Company's most recent annual
information form and its other public filings, copies of which can
be under the Company's profile at www.sedarplus.com. The
Company expressly disclaims any obligation to
update-forward-looking information except as required by applicable
law. No forward-looking statement can be guaranteed and actual
future results may vary materially. Accordingly, readers are
advised not to place reliance on forward-looking statements or
information. Furthermore, Mineral Resources that are not Mineral
Reserves do not have demonstrated economic viability.
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SOURCE Century Lithium Corp.
