Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) announced on Friday that it has promoted Todd Fayram to chief technical officer as it advances development of its Angel Island lithium project in Nevada.
Fayram, who joined the company in May 2023 as senior vice-president of metallurgy, will continue to lead its metallurgical program while taking on broader responsibility for technical strategy and project development.
The company said Fayram has contributed to key technical milestones at Angel Island, including the production of battery-grade lithium carbonate at its demonstration plant.
In his new role, Fayram will oversee metallurgy, process development, engineering, and the continued advancement of Century Lithium’s patent-pending chloride leaching and direct lithium extraction process at the Esmeralda County site.
Separately, Century Lithium announced it has granted 6.28 million incentive stock options to directors, officers, employees, and consultants, per its long-term incentive plan. The options are exercisable at $0.47 per share for five years.
Of the total, 1.7 million options granted to independent directors vest immediately, while the remaining 4.58 million options will vest in equal portions over three years.