CENTURY LITHIUM PROVIDES UPDATE ON THE FEASIBILITY STUDY

Rhea-AI Summary

Century Lithium Corp. provides an update on the Feasibility Study for its Clayton Valley Lithium Project in Nevada. The study, led by Wood PLC and Global Resource Engineering , is currently under review, with revised production estimates and economic evaluations. The company's Lithium Extraction Facility is in its third year of testing, gathering essential data for the study. Progress is being made towards permitting the project, with baseline reports accepted by government agencies.

VANCOUVER, BC, April 19, 2024 /PRNewswire/ - Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or Company) reports that the Feasibility Study on the Company's Clayton Valley Lithium Project (Project), in Nevada, USA, under the direction of Wood PLC and Global Resource Engineering Ltd., is currently under review by the Qualified Persons, and the Company anticipates its announcement imminently. 

To date, the Company's Feasibility Study team has revised and updated estimates for a phased production approach at the Project. These revisions also included assessment and evaluation of the economic benefit of sales of the surplus sodium hydroxide produced by the chlor-alkali plant.

The Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada is now in its third year of testing the processing of lithium-bearing claystone from the Project. All data collected has been essential to the Feasibility Study. Century Lithium continues to work toward permitting the Project including the collection of baseline data collection for biology, surface and groundwater hydrology, and social impacts. Earlier this year, baseline reports were submitted by the Company's consultants and were accepted by the appropriate government agencies. Multiple reports have been completed which will aide in the preparation of a Plan of Operations to initiate the National Environmental Policy Act (NEPA) process.

About Century Lithium Corp.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA. Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, 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 includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Century Lithium Corp.

FAQ

What project is Century Lithium Corp. providing an update on?

Century Lithium Corp. is providing an update on the Feasibility Study for its Clayton Valley Lithium Project in Nevada.

Who is leading the Feasibility Study for Century Lithium Corp.?

The Feasibility Study for Century Lithium Corp. is led by Wood PLC and Global Resource Engineering

Where is the Lithium Extraction Facility located?

The Lithium Extraction Facility is located in Amargosa Valley, Nevada.

What data is essential for the Feasibility Study?

All data collected from the processing of lithium-bearing claystone at the Pilot Plant is essential for the Feasibility Study.

What progress has been made towards permitting the Project?

Baseline reports have been submitted and accepted by government agencies, aiding in the preparation of a Plan of Operations to initiate the NEPA process.