Century Lithium Corp. develops the 100%-owned Angel Island Lithium Project in Nevada, a lithium claystone project designed to produce battery-grade lithium carbonate. Company news commonly covers federal and environmental permitting, NI 43-101 feasibility study work, mineral resource and reserve disclosures, and development of its patent-pending process that combines industrial raw material leaching, direct lithium extraction and chlor-alkali processing.
Updates also address the company's Nevada demonstration plant, reagent and co-product strategy, including sodium hydroxide, by-product testing such as rare earth element recovery, and management appointments tied to technical, environmental, operational and financial oversight.
Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) has renamed its Clayton Valley Lithium Project in Nevada, USA to the Angel Island Mine. This change comes after the company announced a positive Feasibility Study in April 2024, positioning it as one of the few advanced lithium projects in development in the United States. The name change was encouraged by regulators to provide clarity during the permitting process, which the company is currently working towards. The new name is derived from a topographical feature of the project site, helping to distinguish it from other mining and energy projects in the area.
Century Lithium has filed the NI 43-101 Technical Report for its Clayton Valley Lithium Project in Nevada, effective April 29, 2024. Prepared by Wood Canada , Global Resource Engineering, and WSP USA, the study supports the company's April 29, 2024 news release. The project boasts a 17.2% Internal Rate of Return (IRR) and a $3.16 billion Net Present Value (NPV) at a base case lithium carbonate price of $24,000/tonne. The resource estimates include 1,138.59 million tonnes of measured and indicated resources with an average grade of 966 ppm lithium, and proven and probable reserves of 287.65 million tonnes with an average grade of 1,149 ppm lithium. The project, which has a 40-year mine life, uses innovative chloride leaching and direct lithium extraction processes.
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