Century Lithium CEO Bill Willoughby joined Steve Darling from Proactive to share significant progress with Proactive, revealing the company has entered into a non-binding memorandum of understanding (MOU) with Orica Specialty Mining Chemicals. The MOU sets the groundwork for a formal multiyear offtake agreement, enabling Orica to purchase sodium hydroxide from Century Lithium's Angel Island project near Silver Peak, Nevada.
Orica, a global leader in mining and infrastructure solutions, is also a key manufacturer and supplier of specialty mining chemicals to Nevada’s mining sector. This collaboration strengthens Century Lithium’s integration into the region’s mining ecosystem.
Willoughby elaborated on the company's innovative and patent-pending process for extracting lithium from the claystone at Angel Island. The method combines chloride leaching with direct lithium extraction, utilizing salt—either as solid sodium chloride or saline brine—to produce reagents for leaching and pH control. Beyond lithium carbonate as the primary product, the process generates surplus sodium hydroxide, which is anticipated to contribute significantly to keeping operating costs low.
The initial agreement with Orica spans five years and includes the option for an additional five-year extension under a right-of-first-offer arrangement. This partnership underscores the Angel Island project’s potential for not only producing lithium efficiently but also leveraging by-products to create sustainable operational synergies.
Century Lithium’s progress at Angel Island marks a critical step in the company's mission to deliver cost-effective and innovative solutions to the growing demand for lithium and related chemicals.
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