CENTURY LITHIUM AND ORICA SPECIALTY MINING CHEMICALS SIGN MOU FOR SODIUM HYDROXIDE FROM ANGEL ISLAND
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 ha firmato un MOU non vincolante con Orica Specialty Mining Chemicals il 16 gennaio 2025, per un potenziale accordo di fornitura di sodio idrossido per più anni dal progetto Angel Island in Nevada. L'accordo prevede un termine iniziale di 5 anni con diritto di prelazione per ulteriori 5 anni.
La collaborazione ha l'obiettivo di rafforzare i settori manifatturiero e minerario del Nevada stabilendo una catena di fornitura locale per il sodio idrossido di grado membrana. Il processo brevettato in attesa di approvazione di Century Lithium per l'estrazione di litio dalla argilla produce un surplus di sodio idrossido come sottoprodotto, il quale si prevede contribuirà a mantenere bassi i costi operativi del prodotto principale del progetto, il carbonato di litio.
L'accordo rappresenta il primo del suo genere per il progetto Angel Island e coinvolge una parte significativa del sodio idrossido in surplus previsto durante le prime operazioni. I termini sui prezzi saranno determinati nell'accordo definitivo.
Century Lithium ha firmado un MOU no vinculante con Orica Specialty Mining Chemicals el 16 de enero de 2025, para un posible acuerdo de compra de varios años de hidróxido de sodio del proyecto Angel Island en Nevada. El acuerdo establece un término inicial de 5 años con derecho de preferencia para otros 5 años.
La colaboración tiene como objetivo fortalecer los sectores manufacturero y minero de Nevada estableciendo una cadena de suministro local para el hidróxido de sodio de grado de membrana. El proceso de extracción de litio de Century Lithium, que está pendiente de patente, produce un exceso de hidróxido de sodio como subproducto, lo que se espera que contribuya a reducir los costos operativos del producto principal del proyecto, el carbonato de litio.
El acuerdo representa el primero de su tipo para el proyecto Angel Island e involucra una parte significativa del exceso de hidróxido de sodio esperada durante las primeras operaciones. Los términos de precios se determinarán en el acuerdo definitivo.
센추리 리튬은 2025년 1월 16일 오리카 스페셜티 마이닝 케미컬스와 네바다의 앵젤 아일랜드 프로젝트에서 수산화나트륨의 다년간 구매 협약을 위해 비구속적인 양해각서를 체결했습니다. 이 계약은 초기 5년 기간과 추가 5년의 우선 제안권을 명시하고 있습니다.
이 협력은 네바다의 제조 및 채굴 부문을 강화하기 위해 멤브레인 급 수산화나트륨의 지역 공급망을 구축하는 것을 목표로 하고 있습니다. 센추리 리튬의 특허 대기 중인 점토에서 리튬 추출 과정은 부산물로서 수산화나트륨의 잉여를 생성하며, 이는 프로젝트의 주요 제품인 리튬 탄산염의 운영 비용 절감에 기여할 것으로 기대됩니다.
이 계약은 앵젤 아일랜드 프로젝트를 위한 최초의 계약이며, 초기 운영 중 예상되는 잉여 수산화나트륨의 상당 부분을 포함합니다. 가격 조건은 최종 계약에서 결정될 것입니다.
Century Lithium a signé un protocole d'accord non contraignant avec Orica Specialty Mining Chemicals le 16 janvier 2025, pour un potentiel accord d'achat pluriannuel de l'hydroxyde de sodium du projet Angel Island dans le Nevada. L'accord prévoit une durée initiale de 5 ans avec un droit de premier refus pour 5 années supplémentaires.
Cette collaboration vise à renforcer les secteurs de l'industrie et de l'exploitation minière du Nevada en établissant une chaîne d'approvisionnement locale pour l'hydroxyde de sodium de qualité membrane. Le processus en attente de brevet de Century Lithium pour l'extraction du lithium à partir de l'argile produit un surplus d'hydroxyde de sodium comme sous-produit, qui devrait contribuer à réduire les coûts d'exploitation du produit principal du projet, le carbonate de lithium.
L'accord représente le premier du genre pour le projet Angel Island et concerne une part significative de l'hydroxyde de sodium excédentaire prévu au cours des premières opérations. Les conditions tarifaires seront déterminées dans l'accord définitif.
Century Lithium hat am 16. Januar 2025 eine unverbindliche Absichtserklärung (MOU) mit Orica Specialty Mining Chemicals unterzeichnet, um eine potenzielle mehrjährige Abnahmevereinbarung für Natriumhydroxid aus dem Angel Island Projekt in Nevada zu ermöglichen. Die Vereinbarung sieht eine anfängliche Laufzeit von 5 Jahren mit einem Vorrecht auf ein weiteres 5-Jahres-Engagement vor.
Die Zusammenarbeit hat das Ziel, die Fertigungs- und Bergbau-Sektoren in Nevada zu stärken, indem eine lokale Lieferkette für membranqualitatives Natriumhydroxid etabliert wird. Das patentrechtlich geschützte Verfahren von Century Lithium zur Lithiumgewinnung aus Tonstein produziert als Nebenprodukt überschüssiges Natriumhydroxid, welches voraussichtlich zur Senkung der Betriebskosten des Hauptprodukts des Projekts, Lithiumcarbonat, beitragen wird.
Die Vereinbarung stellt die erste ihrer Art für das Angel Island Projekt dar und betrifft einen erheblichen Teil des überschüssigen Natriumhydroxids, das während der frühen Betriebsphasen erwartet wird. Die Preisbedingungen werden im endgültigen Vertrag festgelegt.
- First major offtake agreement for Angel Island project's sodium hydroxide byproduct
- Potential revenue stream from surplus sodium hydroxide expected to lower operating costs
- Strategic partnership with major US manufacturer strengthens local supply chain
- Initial 5-year term with possible 5-year extension provides long-term revenue visibility
- MOU is non-binding and subject to definitive agreement
- Pricing terms not yet determined
"The non-binding MOU with Orica marks a key milestone for Angel Island," said Century Lithium President and CEO, Bill Willoughby. "The MOU outlines the first expected agreement of its kind for the project and involves a large portion of the surplus sodium hydroxide anticipated during the early years of operation. We are excited to work with Orica and have their support at this stage of development at Angel Island."
Orica President Specialty Mining Chemicals Andrew Stewart said: "This collaboration signifies our commitment to strengthening and unlocking
Century Lithium patent-pending process for extracting lithium from the claystone at Angel Island combines chloride leaching with direct lithium extraction and uses salt, in the form of solid sodium chloride or saline brine, to make the reagents for leaching and pH control. In addition to lithium, the process produces surplus sodium hydroxide, the sales of which are anticipated to underpin low operating costs for Angel Island's primary product, lithium carbonate.
Highlights of MOU
- Century Lithium to intends to provide Orica membrane-grade sodium hydroxide (NaOH)
- Initial 5-year term, right of first offer for an additional 5 years
- Pricing to be determined by definitive agreement
- Orica – Century Lithium relationship will strengthen the
U.S. supply chain, reducing reliance on imports of NaOH to the westernU.S. and supportingNevada 's mining industry
ABOUT ORICA
Orica (ASX: ORI) is one of the world's leading mining and infrastructure solutions providers. From the production and supply of explosives, blasting systems, specialty mining chemicals and geotechnical monitoring to our cutting-edge digital solutions and comprehensive range of services, we sustainably mobilize the earth's resources.
Operating for more than 150 years, today our 14,000+ global workforce supports customers across surface and underground mines, quarry, construction, and oil and gas operations.
With a sodium cyanide manufacturing plants located in
ABOUT CENTURY LITHIUM CORP.
Century Lithium Corp. is an advanced stage lithium company, focused on developing its wholly-owned Angel Island project in
Angel Island is one of the few advanced lithium projects in development in
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
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.
FAQ
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