Century Lithium grants options to buy 845,000 shares
2024-12-11 17:40 ET – News Release
Mr. William Willoughby reports
CENTURY LITHIUM GRANTS INCENTIVE STOCK OPTIONS
Century Lithium Corp. has granted an aggregate 845,000 incentive stock options to non-executive directors of the board of the company. The options are exercisable at 32 cents per share, being the five-day volume-weighted average price from the date of grant, and are valid for a five-year period.
The options have been granted under and are governed by the terms of the company’s long-term incentive plan, and are subject to the policies of the TSX Venture Exchange.
About Century Lithium Corp.
Century Lithium is an advanced-stage lithium company, focused on developing its wholly owned Angel Island project in Esmeralda county in 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 in 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.
Century Lithium trades on both the TSX Venture Exchange under the symbol LCE and the OTCQX under the symbol CYDVF, and on the Frankfurt Stock Exchange under the symbol C1Z.
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