CENTURY LITHIUM PROVIDES UPDATE ON ANGEL ISLAND AND LITHIUM EXTRACTION FACILITY
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 (OTCQX: CYDVF) ha annunciato progressi significativi nel suo progetto Angel Island e nella Fabbrica di Estrazione del Litio in Nevada. L'azienda ha implementato con successo miglioramenti nei processi presso il suo Impianto Pilota in collaborazione con Amalgamated Research (ARi). La tecnologia migliorata mostra risultati promettenti, indicando potenziali riduzioni nei costi di capitale e operativi.
I principali sviluppi includono l'eliminazione dei cicli di riciclo all'interno delle aree DLE e di carbonato di litio, aumentando al contempo i gradi dell'eluato. L'azienda sta trasformando il suo Impianto Pilota da una fase di ricerca a una fase dimostrativa, focalizzandosi sul testing per partner strategici e sulla riduzione dei costi operativi. Inoltre, Century Lithium ha stabilito un MOU non vincolante con Orica Specialty Mining Chemicals per l'uscita di sodio idrossido, che potrebbe contribuire al loro modello di produzione di carbonato di litio a basso costo.
L'azienda continua il lavoro di ingegneria su estrazione, lisciviazione, filtrazione, DLE e lavorazione del carbonato di litio, mentre persegue partnership strategiche per la fornitura di carbonato di litio di grado batteria domestico.
Century Lithium (OTCQX: CYDVF) ha anunciado avances significativos en su proyecto Angel Island y en la Instalación de Extracción de Litio en Nevada. La empresa ha implementado con éxito mejoras en los procesos en su Planta Piloto en colaboración con Amalgamated Research (ARi). La tecnología mejorada muestra resultados prometedores que indican posibles reducciones en los costos de capital y operativos.
Los desarrollos clave incluyen la eliminación de bucles de reciclaje dentro de las áreas de DLE y carbonato de litio, a la vez que incrementan los grados del eluato. La empresa está trasladando su Planta Piloto de modo de investigación a modo de demostración, enfocándose en pruebas para socios estratégicos y reduciendo costos operativos. Adicionalmente, Century Lithium ha establecido un MOU no vinculante con Orica Specialty Mining Chemicals para la compra de hidróxido de sodio, lo que podría contribuir a su modelo de producción de carbonato de litio a bajo costo.
La empresa continúa el trabajo de ingeniería en minería, lixiviación, filtración, DLE y procesamiento de carbonato de litio, mientras busca asociaciones estratégicas para el suministro de carbonato de litio de grado batería nacional.
센추리 리튬 (OTCQX: CYDVF)은 네바다의 앵젤 아일랜드 프로젝트 및 리튬 추출 시설에서 중요한 진전을 발표했습니다. 이 회사는 Amalgamated Research (ARi)와 협력하여 파일럿 플랜트에서 프로세스 개선을 성공적으로 구현했습니다. 개선된 기술은 자본 및 운영 비용의 잠재적 감소를 나타내는 유망한 결과를 보여줍니다.
주요 개발 사항으로는 DLE 및 리튬 탄산염 영역 내에서 재활용 루프를 제거하고 엘루에이트 등급을 높인 것입니다. 회사는 파일럿 플랜트를 연구 모드에서 시연 모드로 전환하고 전략적 파트너를 위한 테스트 및 운영 비용 절감에 집중하고 있습니다. 또한, 센추리 리튬은 오리카 스페셜티 마이닝 케미컬스와 나트륨 하이드록사이드 오프테이크에 대한 비구속적인 MOU를 체결하여 저비용 리튬 탄산염 생산 모델에 기여할 수 있을 것으로 보입니다.
회사는 광업, 용해, 여과, DLE 및 리튬 탄산염 가공에 대한 엔지니어링 작업을 계속하는 한편, 국내 배터리 등급 리튬 탄산염 공급을 위한 전략적 파트너십을 추구하고 있습니다.
Century Lithium (OTCQX: CYDVF) a annoncé des avancées significatives dans son projet Angel Island et son installation d'extraction de lithium au Nevada. L'entreprise a réussi à mettre en œuvre des améliorations de processus dans son usine pilote en collaboration avec Amalgamated Research (ARi). La technologie améliorée montre des résultats prometteurs, indiquant des possibilités de réduction des coûts d'investissement et d'exploitation.
Les développements clés incluent l'élimination des boucles de recyclage au sein des zones DLE et des carbonates de lithium, tout en augmentant les grades des élutions. L'entreprise est en train de passer son usine pilote d'un mode de recherche à un mode de démonstration, en se concentrant sur les tests pour des partenaires stratégiques et en réduisant les coûts d'exploitation. De plus, Century Lithium a établi un protocole d'accord non contraignant avec Orica Specialty Mining Chemicals pour l'achat de l'hydroxyde de sodium, ce qui pourrait contribuer à leur modèle de production de carbonate de lithium à faible coût.
L'entreprise continue de travailler sur l'ingénierie dans les domaines de l'exploitation minière, de la lixiviation, de la filtration, de la DLE et du traitement du carbonate de lithium, tout en poursuivant des partenariats stratégiques pour l'approvisionnement en carbonate de lithium de qualité batterie au niveau national.
Century Lithium (OTCQX: CYDVF) hat bedeutende Fortschritte bei seinem Angel Island Projekt und der Lithium-Extraktionsanlage in Nevada bekannt gegeben. Das Unternehmen hat erfolgreich Prozessverbesserungen in seiner Pilotanlage in Zusammenarbeit mit Amalgamated Research (ARi) umgesetzt. Die verbesserte Technologie zeigt vielversprechende Ergebnisse, die auf potenzielle Einsparungen bei Kapital- und Betriebskosten hinweisen.
Zu den wichtigsten Entwicklungen gehört die Beseitigung von Recycling-Schleifen innerhalb der DLE- und Lithiumcarbonat-Bereiche, während die Eluate-Grade erhöht werden. Das Unternehmen wandelt seine Pilotanlage von der Forschungs- in die Demomodus-Phase um und konzentriert sich darauf, Tests für strategische Partner durchzuführen und die Betriebskosten zu senken. Darüber hinaus hat Century Lithium ein unverbindliches MOU mit Orica Specialty Mining Chemicals für die Abnahme von Natriumhydroxid vereinbart, das zu ihrem kostengünstigen Lithiumcarbonat-Produktionsmodell beitragen könnte.
Das Unternehmen führt weiterhin Ingenieurarbeiten in den Bereichen Bergbau, Laugung, Filtration, DLE und Lithiumcarbonatverarbeitung durch, während es strategische Partnerschaften für die Lieferung von Lithiumcarbonat in Batteriequalität im Inland anstrebt.
- Process improvements indicate potential reduction in capital and operating costs
- Successful implementation of more efficient DLE technology
- Non-binding MOU with Orica for sodium hydroxide offtake
- Pilot plant transition to demonstration mode reduces operating costs
- MOU with Orica is non-binding, presenting execution risk
- Project still in pilot phase, not yet commercial production
"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
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
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
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.
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