Company
CVE:LCE
Century Lithium Corp. is an advanced stage lithium company, focused on developing its 100%-owned Angel Island Mine in west-central Nevada. Angel Island is a large-scale lithium project with a three-phase feasibility-level production plan that will generate a life-of-mine average of 34,000 tonnes per annum of battery-quality lithium carbonate over a 40-year mine-life.
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“We have now completed three, seven and 14-day tests, achieving improvements in the operation and gaining important knowledge as we develop our unique lithium extraction process,” president and CEO Bill Willoughby said
The company issued a total of 9,058,000 units at $2 each and 142,000 warrants at $0.1598 each for aggregate gross proceeds of $18,138,720
PI Financial Corp will act as the underwriter and bookrunner and has agreed to buy, on a bought deal basis, 8 million units of the company at C$2 a unit
Earlier in December, the company reported the successful start-up at the plant, which is extraction testing lithium-bearing claystone from its Clayton Valley lithium asset
Bill Willoughby, president and CEO of Cypress Development commented: "Upgrading to the OTCQX is an important step for the Company in building market awareness and improving access for our US investors"
The permit allows for the appropriation of the public waters from the State of Nevada in the amount of 1,770 acre-feet of groundwater per year for mining, milling and domestic applications
The company said the first full test was completed with 72 hours of continuous operation and it expects testing to continue as it awaits final results from assays
The Canadian lithium exploration company said that in the period from October 1 to November 29, 2021, Cypress had received $6.94 million from the exercise of 4.74 million warrants priced at $1.75
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The new plant is inside a metallurgical facility around 100 miles south of the project and includes four main sections - a leaching area, a tailings handling area, a pregnant leach solution (PLS) treatment area, and a Direct Lithium Extract
In May this year, the company inked a letter of intent (LOI) with a subsidiary of Nevada Sunrise Gold Corp over acquiring water rights, which would allow for the use of 1,770 acre-feet per annum (AFA) for mining, milling, and domestic use
The pilot plant, which sits around 100 miles south of the project, includes four main sections - a leaching area, a tailings handling area, a pregnant leach solution (PLS) treatment area, and a Direct Lithium Extraction (DLE) process area.
According to the company, there are four main sections in the pilot plant: leaching, tailings handling, pregnant leach solution (PLS) treatment and the Chemionex—Lionex DLE process area
These new claims which were attained through a purchase agreement grow the company's land holdings in the area to 6558 acres in total
The advanced-stage lithium exploration company, focused on developing its flagship Clayton Valley Lithium project, noted the majority of the components are assembled and operational at the site
On October 13 this year, the company reported it had finished assembling its pilot plant for Clayton Valley at a metallurgical facility around 100 miles south of the project
