Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) has announced an update on the Feasibility Study for its Clayton Valley Lithium Project in Nevada. The study now includes the analysis of sodium hydroxide as a sellable by-product.
Feasibility Study Progress and Phased Production
The company is progressing with its Feasibility Study, focusing on options for phased production to mitigate market risks. Collaborating with consultants from Wood PLC and others, Century Lithium seeks to optimize the extraction process which targets an average annual production of 27,000 tonnes of lithium carbonate equivalent.
Market Study for Sodium Hydroxide By-Product
As part of the chlor-alkali process, the company has identified an opportunity to market surplus sodium hydroxide produced at its facility. The market study, incorporated in the Feasibility Study, is expected to conclude in Q1 2024, exploring this by-product’s revenue potential.
Advanced Lithium Extraction Process
Century Lithium’s method involves clay leaching, filtration, and ion-exchange based direct lithium extraction (DLE), leading to the production of battery-grade lithium carbonate. The ongoing pilot plant testing supports the feasibility of this sophisticated process.
About Century Lithium Corp.
Century Lithium is an advanced stage lithium company, aiming to become a key domestic producer for the electric vehicle and battery storage markets. Currently, the company is at the pilot stage for its unique lithium-bearing claystone deposit.
Completion of the Feasibility Study is anticipated in the first quarter of 2024, with further updates to be provided by President & CEO WILLIAM WILLOUGHBY, PhD., PE.
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