Century Lithium

Century Lithium Logo 300x200

Primary ticker: TSXV:LCE, OTCQX:CYDVF
Stage of development: Development
Primary minerals: Lithium
Project to promote: Clayton Valley Lithium Project, Nevada
Project location: USA
Website: www.centurylithium.com

Century Lithium is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA.

The Clayton Valley Lithium Project is a large-scale Nevada-based Lithium Project with a three-phase production plan that will generate a life-of-mine average of 34,000 tonnes per annum of battery-quality lithium carbonate. The Project is located in Esmeralda County, in west-central Nevada, USA, immediately east of Albemarle’s Silver Peak mine: North America’s only lithium brine operation.

At present, the Company is in the permitting stage and is actively processing material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada. In addition, the Company has recently completed a Feasibility Study on the Project with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

Cash: CAD$15M
Debt: NIL

Major shareholders:
Bill Willoughby – 2%
Donald Meyers – 1%
Numan Investments – 1%
Isatis Investment Global Natural Resource Fund – 1%
Fuchs & Associes Finance S.A. – 1%
Management Ownership – 5%


Management Profile

William Willoughby, PhD, PE – President, Chief Executive Officer & Director
Dr. Willoughby is a mining engineer with over 40 years of experience in all aspects of natural resources development. Since 2014, he has been principal and owner of consulting firm Willoughby & Associates, PLLC. Prior to that, he was President and COO of International Enexco Ltd., which was acquired by Denison Mines in 2014. He previously held various positions with Teck (Cominco). Dr. Willoughby has been a Professional Engineer since 1985 and received his Doctorate in Mining Engineering & Metallurgy from the University of Idaho in 1989.

Spiros Cacos, MA – Vice President, Investor Relations
Mr. Cacos has over 25 years of investor relations experience working with public mining companies, ranging from early-stage exploration and development to production. Most recently, Mr. Cacos served as Vice President, Investor Relations for First Mining Gold, a Canadian gold development company listed on the TSX and OTCQX, focused on the development and permitting of the Springpole Gold Project, one of the largest undeveloped gold projects in Canada. His prior roles include serving as Vice President, Investor Relations for Group Eleven Resources Corp., a mineral exploration company focused on advanced stage zinc exploration in Ireland, and as Director of Investor Relations for Great Panther Mining Limited, a primary silver mining company listed on the TSX and the NYSE with two mining operations in Mexico. Mr. Cacos holds a Master’s degree in International Relations and Diplomacy, from the Schiller International University in Paris, France, and a Bachelor of Arts Degree from Simon Fraser University in British Columbia, Canada.

What is your rationale for taking part in 121 Mining Investment?

Looking to increase Institutional holdings, market support and overall awareness of our Project.

Most recently we completed our Feasibility Study on our Clayton Valley Lithium Project, which highlighted an average 34,000 annual production of lithium carbonate; a 17.1% IRR; +40 year mine of mine; and a $3.01 billion NPV.

What recent news would you like to highlight to investors attending?

1) April 2024 – Announced Positive Feasibility Study for the Clayton Valley Lithium Project

2) December 2023 – Provides Update On Feasibility Study And Sodium Hydroxide As A By-Product

3) Sept 2023 – Obtains Provisional Patent

3) August 2023 – Reports Production of Battery Grade Lithium Carbonate

4) August 2023 – Reports Progress on Testing With Koch Technology Solutions

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Complete Plan of Operation; Commence Permitting; Apply to the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) and initiate the pre-application process under the Title Seven Clean Energy Financing program

6 Months:
Test or product with various domestic OEMs

12 Months:
Bring in a strategic partner

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Permitting. Even though we are in Nevada, permitting is always a risk.

What do you think makes your company such a compelling investment?

• It is an advanced stage project (Feasibility Stage Complete)
• Clayton Valley is one of the largest lithium deposits in the US
• Obtained Water Rights
• Strategically located (Nevada), Next to Albemarle’s Silver Peak Brine Operation
• Fully funded to production decision ($15M)
• 40+ year life of mine
• Low-Cost Processing – $2,766/tonne
• The Project has robust economics, made possible with its unique chlor-alkali and DLE

What are the top 3 key investor takeaways?

The Company holds the the right commodity, at the right stage, within the right jurisdiction