VANCOUVER, BC, Dec. 11,
2023 /CNW/ - Century Lithium Corp. (TSXV: LCE)
(OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or
"the Company") is pleased to report progress and further
developments at its Lithium Extraction Facility ("Pilot Plant") in
Amargosa Valley, Nevada.
Highlights
- Further process improvements implemented at the Pilot Plant,
resulting in lithium grades consistently exceeding 14 grams/liter
in the intermediate solutions produced (up from 7.5 grams/liter
reported in August 2023)
- Pilot Plant tests ongoing completing 23 months of safe
operation
- Work with Koch Technology Solutions LLC ("KTS") on direct
lithium extraction ("DLE") is ongoing; delivering repeatable
results and exceeding expectations
- KTS to complete commercial design of a DLE installation for the
Project in January 2024
On August 9, 2023, the
Company reported achieving an increase of lithium grades in the
intermediate solutions produced at the Pilot Plant to the highest
levels to date, with an average grade of 7.5 grams/liter lithium.
This increase in concentration was attributed to the integration of
Koch Technology Solutions Li-ProTM equipment into the
DLE area. In mid-August, the Company added an osmotically
assisted reverse osmosis ("OARO") unit downstream of the DLE area.
(Description of the process can be found at the Company's
technology partner Saltworks' website: OARO—Saltworks Announces
Osmotically Assisted RO Tech | Saltworks Technologies). With the
OARO unit in operation at the Pilot Plant, Century has consistently
achieved lithium grades exceeding 14 grams/liter in its
intermediate solutions, accompanied by significantly reduced levels
of impurities.
Century's collaboration with KTS continued to produce
exceptional results within the DLE area of the Pilot Plant. With
nearly 3,000 operating cycles of the equipment completed since its
installation in April 2023, results
have exceeded target levels for both lithium extraction and
rejection of impurities from leach solutions. With these positive
results, the Company anticipates KTS completing its commercial
design of a DLE installation for the Project in January
2024.
Century's team continues to innovate and improve its process
flowsheet for the Project through testing equipment, reagents, and
alternate configurations of its flowsheet at the Pilot Plant. This
work will continue into the coming year as the Pilot Plant
generates data to support and further de-risk the Project and
addresses recommendations identified during the Feasibility
Study.
Qualified Person
Todd Fayram, MMSA-QP and Senior
Vice President, Metallurgy of Century Lithium is the qualified
person as defined by National Instrument 43-101 and has approved
the technical information in this release.
About Century Lithium Corp.
Century Lithium Corp.
(formerly Cypress Development Corp.) is an advanced stage lithium
company, focused on developing its 100%-owned Clayton Valley
Lithium Project in west-central Nevada, USA. Century Lithium is currently in
the pilot stage of testing on material from its lithium-bearing
claystone deposit at its Lithium Extraction Facility in
Amargosa Valley, Nevada and
progressing towards completing a Feasibility Study and permitting,
with the goal of becoming a domestic producer of lithium for the
growing electric vehicle and battery storage market.
ON BEHALF OF CENTURY LITHIUM CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE
CONTENT OF THIS NEWS RELEASE.
Cautionary Note Regarding Forward-Looking
Statements
This release includes certain statements that may be deemed
to be "forward-looking statements". Forward-looking statements
are subject to risks, uncertainties and assumptions and are
identified by words such as "expects,"
"estimates," "projects," "anticipates," "believes," "could,"
"scheduled," and other similar words. All statements in this
release, other than statements of historical facts, that address
events or developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration, and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further
information.
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SOURCE Century Lithium Corp.
