Century Lithium Achieves Production of Lithium Hydroxide in Nevada Facility

Century Lithium Achieves Milestone in Lithium Production

Century Lithium Corp., a prominent player in the lithium extraction industry, has proudly announced a significant breakthrough at its lithium extraction facility located in Amargosa Valley, Nevada. This demonstration plant has successfully produced lithium hydroxide for the first time, created from lithium carbonate derived from the company’s wholly-owned Angel Island lithium project, situated near Silver Peak. This accomplishment is a testament to the effectiveness of Century Lithium's innovative processes and the strategic importance of the Angel Island project in meeting the growing demand for lithium products.

The President and CEO of Century Lithium, Bill Willoughby, expressed enthusiasm about this milestone, stating, "The lithium hydroxide samples produced by our team represent another important milestone for the Company. Until now, our efforts focused mainly on lithium carbonate as the end product for Angel Island. By producing high-purity lithium hydroxide, we demonstrate that Angel Island can be a reliable source for another crucial lithium product, thereby showcasing its potential for the domestic market."

The lithium hydroxide was generated from lithium carbonate extracted from Angel Island's lithium claystone deposits. The extraction process utilized Century Lithium’s patent-pending alkaline leach and Direct Lithium Extraction (DLE) process at the Demonstration Plant. Specifically, the production method involved a batch process employing conventional liming conversion using calcium hydroxide to refine high-purity lithium hydroxide, which achieved a purity of over 99.5%.

In addition to this significant achievement, the company is also exploring a direct lithium conversion (DLC) process aimed at producing lithium hydroxide directly from lithium chloride solutions. This approach would bypass lithium carbonate as an intermediate stage, thereby streamlining operations and minimizing energy consumption as well as operating costs.

As the demand for energy storage solutions both mobile and stationary continues to rise, Century Lithium’s Angel Island project is strategically positioned to become a vital source of critical materials for the United States. Notably, lithium carbonate is an essential component in lithium iron phosphate (LFP) batteries, while lithium hydroxide is a key ingredient in high-energy-density Nickel Manganese Cobalt (NMC) and Nickel Cobalt Aluminum (NCA) batteries. Demonstrating the capability to produce both types of lithium products places Angel Island in a unique position to contribute significantly to American energy independence and ensure a resilient battery supply chain.

Century Lithium Corp. is known for its advanced-stage lithium initiatives and is focused on fully developing the Angel Island lithium project, which hosts one of the largest sedimentary lithium deposits in the United States. With active efforts in utilizing its patent-pending leaching process combined with direct lithium extraction, the company has previously created battery-grade lithium carbonate product samples from the claystone at the Demonstration Plant.

Currently, the Angel Island project is in the permitting phase for a comprehensive three-phase feasibility production plan, which is expected to yield an estimated average of 34,000 tonnes of lithium carbonate annually over a mine life projected at 40 years. This ambitious plan not only addresses the increasing demand for electric vehicle batteries but also reinforces the United States' reliance on domestic lithium supplies.

Century Lithium trades on the TSX Venture Exchange under the symbol "LCE," the OTCQX as "CYDVF," and on the Frankfurt Stock Exchange as "C1Z." For further details on the company's initiatives and updates, visit centurylithium.com.

In conclusion, Century Lithium's recent advancements not only highlight their commitment to innovation and sustainable practices in lithium extraction but also signify a pivotal moment in the quest for energy independence through responsible sourcing of vital materials.