VANCOUVER, BC, Aug. 6, 2024
/CNW/ - 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.