| In a recent letter to shareholders, CEO Bill Willoughby shared Century Lithium’s transformative achievements at the Angel Island project. The April 2024 Feasibility Study demonstrated exceptional potential with a US$3.1 billion net present value and projected net cash costs under $3,000/tonne for lithium carbonate—positioning it among the industry’s most cost-effective operations.
A significant milestone was reached at the Nevada Pilot Plant with the successful production of battery-grade lithium carbonate. The company’s innovative chlor-alkali plant design will not only streamline production but also generate valuable surplus sodium hydroxide, creating an additional revenue stream.
“With the ability to generate lithium carbonate samples onsite, the Pilot Plant is a more complete representation of the processes involved in a full-scale operation, and we can now supply lithium carbonate samples for testing by prospective partners and end-users.” – Bill Willoughby, President & CEO
With most baseline studies completed and active engagement with potential strategic partners, Century Lithium is advancing rapidly. The company is exploring funding opportunities through the U.S. Departments of Energy and Defense, reinforcing its position as a key player in Nevada’s “Lithium Loop” initiative and the domestic battery materials supply chain.
➜ Read the complete shareholder letter for the full update |
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