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About Century Lithium Corp. (CYDVF)
Century Lithium Corp. is an advanced-stage lithium mining and processing company dedicated to addressing the growing demand for lithium, a critical component in electric vehicle (EV) batteries and energy storage systems. The company’s flagship project, the Angel Island Mine, is located in Esmeralda County, Nevada, and hosts one of the largest sedimentary lithium deposits in the United States. With a strong focus on innovation and sustainability, Century Lithium is pioneering the development of domestic lithium production through its proprietary technologies and strategic approach to resource extraction.
Core Operations and Business Model
Century Lithium’s operations revolve around the extraction and processing of lithium-bearing claystone from its wholly-owned Angel Island Mine. The company employs a patent-pending chloride leaching process combined with Direct Lithium Extraction (DLE), enabling the efficient production of high-purity, battery-grade lithium carbonate. This end-to-end process is conducted at the company’s Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada, which serves as a testing and demonstration site for its innovative methods. Additionally, Century Lithium capitalizes on the sale of surplus sodium hydroxide, a by-product of its chlor-alkali process, further enhancing its economic model.
Technological Innovation
Century Lithium’s technological edge lies in its advanced chloride leaching and DLE processes. These methods offer several advantages, including higher lithium recovery rates, lower reagent consumption, and reduced environmental impact. The company’s Pilot Plant has successfully demonstrated the ability to produce battery-grade lithium carbonate with a purity of up to 99.5%. By integrating these cutting-edge technologies, Century Lithium aims to establish itself as a cost-efficient and environmentally sustainable producer of lithium carbonate.
Market Position and Industry Significance
Operating in the rapidly evolving lithium market, Century Lithium is strategically positioned to contribute to the United States’ domestic supply of lithium, a critical material for the clean energy transition. The Angel Island Mine’s estimated 40-year life span and phased production plan, targeting an average annual output of 34,000 tonnes of lithium carbonate, underscore its long-term potential. Century Lithium’s focus on process optimization and cost reduction further strengthens its competitive position in a market dominated by global players like Albemarle Corporation.
Challenges and Opportunities
While Century Lithium’s innovative approach offers significant advantages, the company faces challenges such as permitting complexities, high initial capital expenditures, and market volatility in lithium prices. However, its ongoing optimization studies and collaborations with technology partners like Amalgamated Research LLC (ARi) highlight its commitment to overcoming these obstacles. By securing strategic partnerships and advancing its permitting efforts, Century Lithium is well-positioned to capitalize on the growing demand for lithium in EV and energy storage applications.
Key Highlights
- 100%-owned Angel Island Mine in Nevada, hosting one of the largest sedimentary lithium deposits in the U.S.
- Proprietary chloride leaching and Direct Lithium Extraction (DLE) processes for efficient and sustainable lithium production.
- Battery-grade lithium carbonate production with a purity of up to 99.5% demonstrated at the Pilot Plant.
- Revenue diversification through the sale of surplus sodium hydroxide.
- Phased production plan with an estimated 40-year mine life and average annual output of 34,000 tonnes of lithium carbonate.
Conclusion
Century Lithium Corp. exemplifies innovation and strategic foresight in the lithium mining industry. By leveraging its advanced technologies and focusing on domestic production, the company is poised to play a pivotal role in supporting the clean energy transition and meeting the growing demand for lithium in the United States.
Century Lithium (OTCQX: CYDVF) has completed an internal Optimization Study for its Angel Island Lithium Project in Nevada, identifying potential cost reductions of up to 25% on the initial Phase 1 CAPEX of $1.581 billion. The study focused on reducing capital costs through changes in flow sheet, equipment selection, and updated vendor quotes in processing areas including filtration, Direct Lithium Extraction, and chlor-alkali plant.
Key improvements include streamlining engineering and construction plans, eliminating redundancies, reducing on-site services costs, and lowering estimated indirect costs for contingency and EPCM. The company plans to initiate an Updated Feasibility Study to confirm these optimization results, which could significantly impact the project's economics.
Century Lithium (OTCQX: CYDVF) has announced significant progress at its Angel Island project and Lithium Extraction Facility in Nevada. The company has successfully implemented process improvements at its Pilot Plant in collaboration with Amalgamated Research (ARi). The enhanced technology shows promising results, indicating potential reductions in capital and operating costs.
Key developments include the elimination of recycle loops within DLE and lithium carbonate areas while increasing eluate grades. The company is transitioning its Pilot Plant from research to demonstration mode, focusing on testing for strategic partners and reducing operating costs. Additionally, Century Lithium has established a non-binding MOU with Orica Specialty Mining Chemicals for sodium hydroxide offtake, which could contribute to their low-cost lithium carbonate production model.
The company continues engineering work on mining, leaching, filtration, DLE, and lithium carbonate processing, while pursuing strategic partnerships for domestic battery-grade lithium carbonate supply.
Century Lithium has signed a non-binding MOU with Orica Specialty Mining Chemicals on January 16, 2025, for a potential multiyear offtake agreement of sodium hydroxide from the Angel Island project in Nevada. The agreement outlines a 5-year initial term with a right of first offer for an additional 5 years.
The collaboration aims to strengthen Nevada's manufacturing and mining sectors by establishing a local supply chain for membrane-grade sodium hydroxide. Century Lithium's patent-pending process for lithium extraction from claystone produces surplus sodium hydroxide as a byproduct, which is expected to contribute to low operating costs for the project's primary product, lithium carbonate.
The agreement represents the first of its kind for the Angel Island project and involves a significant portion of the surplus sodium hydroxide expected during early operations. Pricing terms will be determined in the definitive agreement.
Century Lithium reports progress at its Angel Island lithium project in Nevada following the April 2024 Feasibility Study. The company focuses on process optimization to reduce capital and operating costs, environmental studies, and project funding. The Pilot Plant in Amargosa Valley continues testing, producing lithium carbonate samples for potential domestic end-users. Key developments include achieving battery-quality lithium carbonate production, conducting tests with alternative reagents, and completing draft hydrologic models. The company is pursuing strategic partnerships and exploring government funding opportunities through the U.S. Department of Energy and Defense.
Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) has reported the production of battery grade lithium carbonate (Li2CO3) at its Pilot Plant in Amargosa Valley, Nevada. The second batch of lithium carbonate achieved a purity of 99.5%, which is considered battery grade. This marks a significant accomplishment for the company's Pilot Plant team.
The company processed two 40-liter lots of concentrated lithium solution, producing 4 kilograms of lithium carbonate from each lot. After addressing a mechanical issue, the purity improved to 99.5%, with reduced impurities of sodium and calcium. Century Lithium continues to focus on design and engineering to support reduced capital requirements in the overall process.
Century Lithium Corp (TSXV: LCE) (OTCQX: CYDVF) has reported promising results from its newly commissioned lithium carbonate stage at the Pilot Plant in Amargosa Valley, Nevada. The company produced lithium carbonate with purity as high as 99.2% during initial startup, approaching battery-grade quality (typically >99.5%). Five 40-liter lots of concentrated lithium solution were processed, yielding 4 kilograms of lithium carbonate per lot. The purity increased with each test, demonstrating the potential for further improvement.
The company has identified steps to enhance purity and reduce impurities, particularly calcium and magnesium. This achievement marks a significant milestone, as Century Lithium can now process lithium solution end-to-end at its Pilot Plant, eliminating the need for offsite treatment. The company continues to focus on design and engineering improvements to support reduced capital requirements in the overall process.
Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) has successfully added a lithium carbonate stage at its Pilot Plant in Amargosa Valley, Nevada. The company produced 20 kg of high-grade lithium carbonate onsite from 200 liters of concentrated lithium solution. This development aligns with recommendations from their recent Feasibility Study and marks a significant step towards domestic lithium production in the U.S.
Despite the recent downturn in lithium prices affecting share prices across the industry, Century Lithium continues to focus on unlocking the vast lithium resources in Nevada's claystone deposits. The company's patent-pending process combines chloride leaching with Direct Lithium Extraction (DLE) to produce battery-quality lithium products onsite, potentially reducing the need for downstream processing.
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.
Century Lithium, a lithium mining company, has announced the results of a Feasibility Study for its Clayton Valley Lithium Project in Nevada. The study indicates robust economics, including a large-scale lithium project generating an annual average of 34,000 tonnes of battery-quality lithium carbonate and an after-tax internal rate of return of 17.1% at a price of $24,000 per ton of Li2CO3. The Project's life spans 40 years and has low operating costs.
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