Episode Details

Century Lithium CEO Bill Willoughby joined Steve Darling from Proactive to announce the results of an updated NI 43-101 compliant Feasibility Study for the company’s 100%-owned Angel Island Lithium Project in Nevada. The 2026 Feasibility Study incorporates additional metallurgical testing, engineering optimization, refinement of the mine plan, and updated capital and operating cost estimates. The updated analysis demonstrates strong project economics, highlighted by an after-tax net present value (NPV) of $4.01 billion. Importantly, no material changes were made to the Mineral Resource or Mineral Reserve estimates referenced in the prior NI 43-101 Technical Report. Willoughby explained that the 2026 study reconfigures Angel Island into a streamlined two-phase development plan. Phase I envisions a 7,500 tonnes-per-day (tpd) operation, followed by an expansion to 15,000 tpd in Phase II. The third expansion phase contemplated in the 2024 study has been removed, simplifying project execution and significantly reducing overall upfront capital requirements. Under the updated model, the after-tax NPV of $4.01 billion is based on price assumptions of $24,000 per tonne for lithium carbonate and $750 per dry metric tonne for sodium hydroxide. The project is positioned as a large, long-life U.S.-based lithium development, with Proven and Probable Reserves supporting a mine life exceeding 60 years. Capital requirements have been substantially reduced. Phase I initial capital costs are now estimated at $997 million, down from $1.537 billion in the 2024 study. Phase II expansion capital is projected at $660 million, compared to $651 million previously. Operating efficiencies have also improved, with average operating costs estimated at $22.45 per tonne of mill feed, equivalent to $4,389 per tonne of lithium carbonate — a significant reduction from $8,223 per tonne outlined in the prior study. Century Lithium plans to continue advancing Angel Island toward development through submission of its plan of operations, ongoing permitting efforts, detailed engineering work, and engagement with potential strategic and financial partners as the project moves toward a construction decision. #proactiveinvestors #centurylithiumcorp #tsxv #lce #otcqx #cydvf #mining #AngelIsland #LithiumProject #NevadaMining #FeasibilityStudy #NI43101 #LithiumCarbonate #BatteryMaterials #EnergyTransition #USMining #CriticalMinerals #MineDevelopment #NPV #LongLifeAsset #EVSupplyChain #StrategicMetals #ProjectFinance #ResourceDevelopment