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CENTURY LITHIUM PRODUCES LITHIUM CARBONATE ONSITE AT PILOT PLANT

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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) ha aggiunto con successo una fase di carbonato di litio presso il suo Impianto Pilota nella Valle di Amargosa, in Nevada. L'azienda ha prodotto 20 kg di carbonato di litio di alta qualità in loco a partire da 200 litri di soluzione concentrata di litio. Questo sviluppo è in linea con le raccomandazioni del loro recente Studio di Fattibilità e rappresenta un passo significativo verso la produzione domestica di litio negli Stati Uniti.

Nonostante il recente calo dei prezzi del litio che sta influenzando i prezzi delle azioni in tutto il settore, Century Lithium continua a concentrarsi sull'apertura delle vaste risorse di litio nei depositi di argilla del Nevada. Il processo brevettato in attesa di approvazione dell'azienda combina il percolamento di cloruro con l'estrazione diretta di litio (DLE) per produrre prodotti di litio di qualità per batterie in loco, riducendo potenzialmente la necessità di lavorazioni ulteriori.

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) ha añadido con éxito una fase de carbonato de litio en su Planta Piloto en el Valle de Amargosa, Nevada. La compañía produjo 20 kg de carbonato de litio de alta calidad en el lugar a partir de 200 litros de solución concentrada de litio. Este desarrollo está en línea con las recomendaciones de su reciente Estudio de Viabilidad y marca un paso significativo hacia la producción nacional de litio en EE. UU.

A pesar de la reciente caída de los precios del litio que ha afectado a los precios de las acciones en toda la industria, Century Lithium sigue centrándose en desbloquear los vastos recursos de litio en los depósitos de arcilla de Nevada. El proceso de la compañía, con patente pendiente, combina la lixiviación de cloruro con la Extracción Directa de Litio (DLE) para producir productos de litio de calidad para baterías en el lugar, lo que podría reducir la necesidad de procesamiento posterior.

센추리 리튬 코퍼레이션(Century Lithium Corp.)(TSXV: LCE)(OTCQX: CYDVF)이 네바다의 아마르고사 밸리에 소재한 파일럿 공장에 리튬 카보네이트 단계를 성공적으로 추가했습니다. 이 회사는 200리터의 농축 리튬 용액에서 고급 리튬 카보네이트 20kg를 현장에서 생산했습니다. 이 개발은 최근 타당성 연구의 권장 사항과 일치하며 미국 내 국내 리튬 생산을 위한 중요한 진전을 의미합니다.

최근 리튬 가격의 하락으로 인해 업계 전체의 주식 가격에 영향을 미치고 있지만, 센추리 리튬은 네바다의 점토석 매장량에 있는 방대한 리튬 자원 개발에 집중하고 있습니다. 회사의 특허 출원 중 프로세스는 염소 침출과 직접 리튬 추출(DLE)을 결합하여 현장에서 배터리 품질의 리튬 제품을 생산하여 하류 가공의 필요성을 줄일 수 있습니다.

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) a réussi à ajouter une étape de carbonate de lithium à son usine pilote dans la vallée d'Amargosa, au Nevada. L'entreprise a produit 20 kg de carbonate de lithium de haute qualité sur site à partir de 200 litres de solution concentrée de lithium. Ce développement est en ligne avec les recommandations de leur récente étude de faisabilité et marque un pas important vers la production domestique de lithium aux États-Unis.

Malgré la récente baisse des prix du lithium affectant les cours des actions dans l'ensemble du secteur, Century Lithium continue de se concentrer sur le déblocage des vastes ressources en lithium dans les dépôts d'argile du Nevada. Le processus de l'entreprise, en attente de brevet, combine le lixiviation de chlorure avec l'extraction directe de lithium (DLE) pour produire des produits lithium de qualité batterie sur site, ce qui pourrait réduire le besoin de traitement ultérieur.

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) hat erfolgreich eine Lithiumcarbonat-Stufe in seiner Pilotanlage im Amargosa Valley, Nevada, hinzugefügt. Das Unternehmen hat vor Ort 20 kg hochreines Lithiumcarbonat aus 200 Litern konzentrierter Lithiumlösung produziert. Diese Entwicklung steht im Einklang mit den Empfehlungen ihrer kürzlich durchgeführten Machbarkeitsstudie und markiert einen bedeutenden Schritt in Richtung inländischer Lithiumproduktion in den USA.

Trotz des jüngsten Rückgangs der Lithiumpreise, der die Aktienkurse in der gesamten Branche beeinflusst, konzentriert sich Century Lithium weiterhin darauf, die umfangreichen Lithiumressourcen in den Tonsteinablagerungen Nevadas zu erschließen. Das zum Patent angemeldete Verfahren des Unternehmens kombiniert Chlorid-Laugung mit der direkten Lithiumextraktion (DLE), um vor Ort lithiumhaltige Produkte in Batterieware zu erzeugen, was potenziell den Bedarf an nachgelagerter Verarbeitung reduzieren kann.

Positive
  • Successful production of 20 kg high-grade lithium carbonate onsite
  • Addition of lithium carbonate stage at Pilot Plant aligns with Feasibility Study recommendations
  • Patent-pending process combines chloride leaching with Direct Lithium Extraction (DLE)
  • Potential to reduce or eliminate need for downstream processing
Negative
  • Recent downturn in lithium prices affecting share prices of lithium companies

VANCOUVER, BC, Aug. 6, 2024 /PRNewswire/ - Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report the successful addition of a lithium carbonate stage at the Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada, USA, part of the Company's 100%-owned Angel Island Mine (the Project). Prior to this addition, concentrated lithium solutions from the Pilot Plant were treated by Saltworks Inc. at their facility in Richmond B.C. where samples of battery quality lithium carbonate were produced. During the first days of startup of the lithium carbonate stage, Century's team at the Pilot Plant successfully treated 200 liters of concentrated lithium solution and produced 20 kg of high-grade lithium carbonate onsite.

"At this point in time, the ability to make lithium carbonate at our Pilot Plant is an important step forward, in line with recommendations from our recently completed Feasibility Study" commented President and CEO Bill Willoughby. "The drop in lithium prices over the last year has taken a toll on the share price of all lithium companies. Despite the downturn, domestic production is still key to the security of supply in the U.S. While it is becoming well known that a vast amount of lithium is contained within the claystone deposits of Nevada, the benefit in unlocking these resources is the ability to produce a battery quality lithium product onsite and thereby reducing or eliminating the need for downstream processing."

The Company continues work at the Pilot Plant, utilizing the Company's patent-pending process for chloride leaching combined with Direct Lithium Extraction (DLE) to generate data as the Company works to identify further technological breakthroughs to make the extraction of lithium from clay more economic. Adding the lithium carbonate stage at the Pilot Plant is one of the recommendations made in the Feasibility Study, not only to further demonstrate that battery quality lithium carbonate can be made, but to better understand and minimize the recycle streams from the DLE stage through to final product in the process. With the assistance of engineers from Hargrove Engineers and Constructors, Century's team configured equipment to run 40-liter batches of concentrated lithium solution though precipitation, washing and drying steps. Final assays on the lithium carbonate are pending.

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 CENTURY LITHIUM CORP.

Century Lithium Corp. is an advanced stage lithium company, focused on developing its 100%-owned Angel Island Mine in west-central Nevada, USA. Century Lithium recently completed a Feasibility Study on its Clayton Valley Lithium Project and is currently in the permitting stage, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

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

How much lithium carbonate did Century Lithium (CYDVF) produce at its Pilot Plant?

Century Lithium produced 20 kg of high-grade lithium carbonate from 200 liters of concentrated lithium solution at its Pilot Plant in Amargosa Valley, Nevada.

What is the significance of Century Lithium (CYDVF) producing lithium carbonate onsite?

Producing lithium carbonate onsite is a significant step for Century Lithium as it aligns with their Feasibility Study recommendations and demonstrates their ability to produce battery-quality lithium products, potentially reducing the need for downstream processing.

What process does Century Lithium (CYDVF) use to extract lithium from claystone?

Century Lithium uses a patent-pending process that combines chloride leaching with Direct Lithium Extraction (DLE) to extract lithium from claystone deposits in Nevada.

How has the recent lithium price downturn affected Century Lithium (CYDVF)?

The recent downturn in lithium prices has negatively impacted the share prices of all lithium companies, including Century Lithium (CYDVF).

CENTURY LITHIUM CORP

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