1. Summary
The company holds 100% of the Clayton Valley lithium project in Nevada. The company released a Preliminary Feasibility Study (PFS) in May, 2020.
Clayton Valley highlights include: leachable with hydrochloric acid (“table salt acid”), sizable resource & proven tier one battery grade end product.
Clayton Valley
2. Project Highlights
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Project Location: World-Class Jurisdiction & Close to Potential Partners
Located adjacent to the Silver Peak lithium brine operation owned by Albemarle, the world’s largest and most recognized lithium producer.
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Green Extraction Technology
Piloting an extraction method using hydrochloric acid, which can be produced with water, electricity and brine with high chloride content. The hydrochloric acid can be produced on-site with solar energy.
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Huge Resource: Supports 229 years mine life
The indicated resource is 6.29 million tonnes Lithium Carbonate Equivalent. Making it the largest measured and indicated deposit for an advanced lithium junior in North America and one of the largest lithium deposits in the world
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DLE License Agreement With Chemionex, owned by Craig Brown, One of The Minds Behind Standard Lithium's DLE Technology
Century Lithium signed a license agreement with Chemionex, run by Craig Brown, one of the minds behind Standard Lithium Ltd. DLE technology. The main payment for the license is in Cypress Development shares.
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Project Economics: A Billion-Dollar Project
The PFS presented a Net Present Value of US$1.63 billion using a pricing of $12,000 per tonne lithium carbonate.
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Pre-Feasibility Economics Only Accounts for 1/4th of The Total Resource
The Pre-Feasibility Study was based on about 1/4th of Century Lithium total resource (The Pre-Feasibility was based on a mine life production of 1.4 million tonnes: 27,400 tonnes LCE per year for 40 years)
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Financials: Strong Cash Position
The company recently completed an oversubscribed bought-deal financing led by PI and raised C$19.55 million. This gives Century Lithium more than enough cash to complete the current pilot plant and upcoming feasibility study.
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Low-Cost Mining
Near-surface deposit with lithium-bearing clay rock and very favorable waste to clay overburden ratio.
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Water Rights Secured
The company signed a binding letter of intent (LOI) with Nevada Sunrise Gold Corp to acquire water rights in Clayton Valley. Definitive agreement is pending.
4. Management Team
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William Willoughby
Director, CEO - PhD, PE
- Professional Engineer with over 38 years experience in the mining field
- Ph.D. in Mining Engineering & Metallurgy from the University of Idaho
- Previously held various positions at TECK (Cominco)
- President and COO of International Enexco Ltd, acquired by Denison Mines in 2014
Donald C. Houston
Chairman, President
- Over 30 years experience in the mineral exploration industry
- Extensive Experience as a financier for numerous mineral exploration projects in North America
- Worked for 15 years as a geophysical contractor for C.D Hudston & Sons Ltd.
Abrahaam (Braam) Jonker
CFO - CPA
- An accomplished financial leader with almost 30 years of experience in the mining industry.
- Served as CFO of Nevada Copper Corp, where he led the corporate finance functions while the company transitioned towards production
- Interim CEO & Non-Executive Director of Nevada Copper
- Raised and overseen more than $750 million in the mining industry
- Previously he was the Chief Financial Officer of Western Coal Corp at the time of its take-over by Walter Energy for $3.3 billion
Spiros Cacos, MA
Vice President, Investor Relations
- Mr. Cacos has over 20 years of investor relations experience working with public mining companies, ranging from early-stage exploration and development to production. Most recently
- Mr. Cacos served as Vice President, Investor Relations for First Mining Gold, a Canadian gold development company listed on the TSX and OTCQX, focused on the development and permitting of the Springpole Gold Project, one of the largest undeveloped gold projects in Canada.
- His prior roles include serving as Vice President, Investor Relations for Group Eleven Resources Corp., a mineral exploration company focused on advanced stage zinc exploration in Ireland, and as Director of Investor Relations for Great Panther Mining Limited (formerly Great Panther Silver Limited), a primary silver mining company listed on the TSX and the NYSE with two mining operations in Mexico.
- Mr. Cacos holds a Master's degree in International Relations and Diplomacy, from the Schiller International University in Paris, France, and a Bachelor of Arts Degree from Simon Fraser University in British Columbia, Canada.
James G. Pettit
Non-Executive Director
- Currently serving on the board of directors of five publicly traded companies.
- 25 years experience within finance, corporate governance, executive management compliance.
- Chairman & CEO of Bayfield Ventures Corp, which was bought by New Gold Inc. in January 2015.
Donald G. Myers
Non-Executive Director
- Over 30 years of experience working with public company management, corporate communication and investor relations
- Worked with companies listed on the TSX-venture, Nasdaq and Toronto Stock Exchanges
Cassandra Joseph, Esq.
Non-Executive Director
- +20 years of legal experience with a focus on mining and metals, environmental and corporate law
- Previously served as a Senior Deputy Attorney General for the Nevada Attorney Generals’ Office, representing the Nevada Division of Environmental Protection, Division of Water Resources and other agencies within the Department of Natural Resources.
- Served as Senior Vice President at Nevada Copper Corp
- Served as VP Associate General Counsel, Corporate Secretary and Chief Compliance Officer for Tahoe Resources Inc.
- Holds a J.D. from Santa Clara University School of law and a B.A. from U.C. Berkeley.
Amanda Chow
Director - CPA, CMA
- Audit Committee Member of Cypress Development Corp.
5. Technical Advisors
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Corby G. Anderson
Technical Advisor - PhD, CEng, FIMMM, FIChemE
- Professional Engineer with 40 years experience in the fields of extractive metallurgy, mineral processing, waste minimization and recycling
- PhD in Mining Engineering and Metallurgy
- He holds numerous patents and patent applications covering innovative extractive technologies
Academic Awards:
- SME’s Milton E. Wadsworth Extractive Metallurgy Award,
- International Precious Metals Institute’s Tanaka Distinguished Achievement Award
- SME’s Distinguished Member Award
- Outstanding Faculty Award from the George S. Ansell Department of Metallurgical and Materials Engineering at Colorado School of Mines
- EPD Distinguished Lecturer Award from the Minerals, Metals and Materials Society
Adam Knight
Project Manager
- A professional mining engineer since 1994 with experience in both surface and underground mining
- Previous positions such as project manager for Practical Mining LLC and Vice President Operations for EMC Metals Corp until 2015.
- Worked with numerous clients from junior exploration and mining companies to the largest mining companies in the world.
Daniel W. Kalmbach
Technical Advisor - CPG
- Over 21 years experience in the field of geology
- Extensive experience in greenfield & generative exploration, development, mining and environmental science
- Worked as a production geologist at Barric Gold Corp and later worked as a senior geologist of Internal Enexco Ltd.
- Currently holds a position as Vice President of Exploration for Caliber Materials Inc.
William H. Breen
Land Manager - PGeo, BSc
- Consults Cypress Development Corp as a landman, to oversee that Cypress' federal mining claims remain in good standing
- Over 41 years of experience in precious metals, base metal, uranium, lithium & cobalt exploration projects
- Worked with numerous clients from junior exploration and mining companies to the largest mining companies in the world.
Donald Mosher
Advisor, Corporate Development
- Over 30 years experience in the capital markets, specializing in venture companies.
- Financial adviser at Union Securities in Vancouver
- Worked for a company called Napier Environmental Technologies until 2004.
- Started B & D Capital Partners. The business funded venture companies in all sectors of business including mining, pharmaceutical, oil and gas, etc.
- Held the position of CEO and President of Rodinia Minerals which was focused on exploring for lithium in Clayton Valley, Nevada.
Simon Dyakowski
Advisor, Corporate Development
- Over 10 years of experience within the fields of corporate finance, corporate development and capital markets advisory.
- Advises venture stage & groth-oriented public market issuers on deal structuring, capital market & corporate development strategies.
- Held various positions at Salman Partners and Leede Financial.
6. Want to know more?
Crux Interview
Cypress Development Property Tour
7. Resources & Reserves
Resources
Reserves
8. Project Economics
Initial capital costs
After-tax IRR
$20,000/t LCE pricing, 8% Discount rate
Operating Cost
LCE, before by-products credit
Ownership
Of the Clayton Valley project
9. Current valuation
See how much of the Clayton Valley project’s Net Present Value is priced in with todays valuation. The data is delayed 15-minutes.