Century Lithium Corp (TSXV: LCE | OTCQX: CYDVF | Frankfurt: C1Z) has announced a non‑brokered financing under Canada’s Listed Issuer Financing Exemption (LIFE), intending to raise between C$2M and C$5M. The company plans to issue up to 16 666 667 units at C$0.30 each.
Each unit comprises one common share and one warrant. The warrants confer the right to acquire an additional share at C$0.45 within 24 months. If the share price exceeds C$0.80 for 15 consecutive trading days, warrant expiry will be accelerated, triggering a 30‑day exercise period. The financing is expected to close on or around 7 July 2025, subject to customary regulatory approvals.
Proceeds will be allocated to updating the Angel Island feasibility study, finalizing the Mine Plan of Operations, advancing NEPA permitting, and supporting general working‑capital requirements.
Angel Island, located in Esmeralda County, Nevada, is one of North America’s largest sedimentary lithium claystone deposits. The project is currently pursuing a three‑phase, feasibility‑level production plan, which envisages average annual output of approximately 34,000t of battery‑grade lithium carbonate over a projected 40‑year mine life.
Century Lithium has developed a patent‑pending method that integrates chloride leaching with direct lithium extraction; trials at its Demonstration Plant in Amargosa Valley have produced high‑purity lithium carbonate on site.
This financing represents a pivotal milestone in the company’s strategy to establish a sustainable domestic lithium supply chain in response to growing demand from electric‑vehicle manufacturers and the battery‑storage sector.
To find out more, please visit www.centurylithium.com
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