Century Lithium Corp
Primary ticker: TSX.V: LCE, OTCQX: CYDVF
Stage of development: Development
Primary minerals: Lithium
Project to promote: Angel Island Mine, Nevada
Project location: USA
Website: www.centurylithium.com
Century Lithium Corp. is an advanced stage lithium company, focused on developing its wholly owned Angel Island project in Esmeralda County, Nevada, which hosts one of the largest sedimentary lithium deposits in the United States. The Company has utilized its patent-pending process for chloride leaching combined with Direct Lithium Extraction to make battery quality lithium carbonate samples from Angel Island lithium-bearing claystone on-site at its Lithium Extraction Facility in Amargosa Valley, Nevada.
Angel Island is one of the few advanced lithium projects in development in the United States to provide an end-to-end process to produce battery grade lithium carbonate for the growing electric vehicle and battery storage market. Angel Island is currently in the permitting stage for a three-phase feasibility-level production plan expected to yield an average of 34,000 tonnes per year of battery grade lithium carbonate over a 40-year mine-life.
Cash: CAD $10.5M
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%
Financials
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.
Recently the Company announced lithium carbonate purity of 99.5% (battery grade) made at the newly commissioned lithium carbonate stage in the Company’s Lithium Extraction Facility in Amargosa Valley, Nevada. This achievement distinguishes the Angel Island Mine as one of the few advanced projects in the US to provide an end-to-end process to produce battery grade lithium. Century is currently focussing now supply lithium carbonate samples for testing by prospective partners and end-users.
What recent news would you like to highlight to investors attending?
1) Oct 2024 – Century Lithium Reports Progress Report on Angel Island Project
2) Sept 2024 – Century Lithium Pilot Plant Reports 99.5% Lithium Carbonate
3) Aug 2024 – Century Lithium Produces Lithium Carbonate Onsite At Pilot Plant
4) July 2024 – Century Lithium Changes Project Name to Angel Island Mine
5) April 2024 – Announced Positive Feasibility Study for the Clayton Valley Lithium Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete Plan of Operation; Commence NEPA 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; Apply to the Department of Defence for Project grats
6 Months:
Primary attention is on process optimization to drive reductions in the Project’s estimated capital and operating costs and battery-grade lithium carbonate produced on-site 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?
What do you think makes your company such a compelling investment?
• It is an advanced stage project (Feasibility Study Complete)
• Angel Island Mine is one of the largest lithium deposits in the US
• Obtained Water Rights
• Strategically located (Nevada), next to Albemarle’s Silver Peak Brine Operation
• 40+ year life of mine
• Low-Cost Processing – $2,766/tonne
• The Company is utilizing its patent-pending process for chloride leaching combined with Koch Technology Solutions’ Direct Lithium Extraction (DLE) via Li-PRO to produce a high-purity lithium carbonate product on site.
What are the top 3 key investor takeaways?
The Company holds the the right commodity, at the right stage, within the right jurisdiction