#USA #Lithium Project #Nevada #Century Lithium #Angel Island

Century Lithium Corp. Files Feasibility Study Report

On March 9, 2026, Century Lithium Corp., a key player in the lithium industry, made a notable announcement regarding its Angel Island Lithium Project, located in Nevada. The company filed a comprehensive technical report presenting the findings of a feasibility study, officially titled "UPDATED NI 43-101 TECHNICAL REPORT ON THE FEASIBILITY STUDY OF THE CLAYTON VALLEY LITHIUM PROJECT Esmeralda County, Nevada, USA," which has an effective date of January 3, 2026.

Highlights of the Feasibility Study

The feasibility study provides a robust analysis of the economic viability of the Angel Island project, emphasizing several key factors:

• - The after-tax Net Present Value (NPV) is pegged at $4.01 billion using a pricing assumption of $24,000 per tonne of lithium carbonate.
• - It showcases an impressive Internal Rate of Return (IRR) of 27.4%, solidifying its financial attractiveness.
• - The project is characterized by a long mine life, expected to exceed 60 years, with a production capacity of 26,500 tonnes per year of battery-grade lithium carbonate.

Methodology and Process

The report includes a detailed overview of the site's integrated processing system, notably involving a patent-pending process. This innovative technique features

• - Hydrochloric acid leaching
• - Direct Lithium Extraction (DLE)
• - Chlor-alkali processing

This advanced process has been validated through four years of pilot operations in Nevada, ensuring its reliability and efficiency.

Cost Efficiency

The feasibility study breaks down the estimated costs:

• - Phase 1 capital cost is expected to reach $997 million, while Phase 2 expansion costs are projected at $660 million.
• - Average operating costs are calculated at $22.45 per tonne of mill feed, which translates to approximately $4,389 per tonne of produced lithium carbonate. Notably, revenues generated from surplus sodium hydroxide—a by-product—could lower overall operating costs significantly.

Mineral Resources and Reserves

Mineral resources at Angel Island are substantial, with measured and indicated resources totaling

• - 1.138 billion tonnes at 966 parts per million lithium, equivalent to 5.852 million tonnes of lithium carbonate. Proven and probable mineral reserves stand at 287.65 million tonnes at 1,149 ppm, containing 1.759 million tonnes of lithium carbonate equivalent.

Company Overview

Century Lithium Corp. is committed to advancing the Angel Island project in Esmeralda County, Nevada. Their aim is to tap into one of the largest known sedimentary lithium deposits in the United States. Century Lithium is developing an end-to-end production process geared towards supplying battery-grade lithium carbonate, crucial for the electric vehicle and battery storage sectors.

The company is currently in the permitting phase for the Angel Island project and continues to work diligently on refining their environmental and operational strategies. With a strong market focus and innovative processes, Century Lithium is set to make significant contributions to the global lithium supply chain, particularly as demand continues to rise in line with the global transition towards sustainable energy solutions.

For more detailed information about the company and its projects, visit centurylithium.com.

Conclusion

With the substantial financial metrics and innovative approaches highlighted in this feasibility study, Century Lithium Corp. is well-positioned in the rapidly evolving energy market, particularly as it seeks to meet the increasing demand for lithium resources necessary for powering clean energy technologies.