Century Lithium Corp. (TSXV: LCE | OTCQX: CYDVF | FSE: C1Z) has released an updated Feasibility Study for its 100%-owned Angel Island Lithium Project in Nevada, confirming strong economics and significantly improved operating costs for one of the largest lithium development projects in the United States.
The study incorporates four years of pilot‑scale testwork, engineering refinements, updated cost estimates, and optimisation of the mine plan. It outlines a long‑life, large‑scale operation producing battery‑grade lithium carbonate through a fully integrated flowsheet including hydrochloric acid leaching, Direct Lithium Extraction (DLE), chlor‑alkali processing, and on‑site lithium carbonate precipitation.
Key Highlights
- After‑tax NPV (8%): US$4.01B
- After‑tax IRR: 27.4%
- Mine Life: +60 years (Reserves), production schedule based on 40 years
- Average Annual Production: ~26,500t battery‑grade lithium carbonate
- Operating Cost: US$4,389/t lithium carbonate (down from US$8,223/t in 2024)
- Phase 1 CAPEX: US$997M
- Phase 2 Expansion: US$660M
- Surplus sodium hydroxide revenue equivalent to US$5,393/t LCE produced
- Proven & Probable Reserves: 287.65Mt at 1,149ppm Li (1.76Mt LCE)
The updated plan outlines a two‑phase ramp‑up, starting at 7,500 tonnes per day (tpd) before expanding to 15,000 tpd in year five. Removal of a third expansion phase, combined with process optimisation, has streamlined the project and reduced capital intensity compared with the 2024 study.
Bill Willoughby, president and CEO of Century Lithium, commented, “The results of the 2026 Feasibility Study represent a material improvement. These results were made possible by Century Lithium’s team who, through many steps of optimization including those at the Company’s pilot plant, have delivered a more efficient development plan for the Project. In the 2026 Feasibility Study, this streamlined process is reflected in equipment and related infrastructure, importantly in electrical demand, and is seen in the resulting capital and operating cost estimates.”
Century Lithium will now continue advancing Angel Island toward a construction decision, including permitting, submission of the plan of operations, detailed engineering, and engagement with potential downstream and offtake partners. The company has recently been added to the U.S. Federal Permitting Dashboard (FAST‑41), intended to increase project visibility and accelerate the federal permitting process.
Additional work will include evaluating the potential for rare earth element recovery and advancing strategic funding discussions supported by BMO Capital Markets.
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