CENTURY LITHIUM HIGHLIGHTS RARE EARTH POTENTIAL AT ANGEL ISLAND, NEVADA

Core Viewpoint - Century Lithium Corp. has announced significant findings regarding the recovery of rare earth elements (REEs) from its Angel Island Lithium Project, indicating the potential for REEs to become a strategically important by-product alongside lithium carbonate production [1][9]. Summary by Sections REE Recovery Process - The company utilized a patent-pending chloride-based process combined with targeted ion-exchange, achieving high recoveries of REEs from a bulk sample of claystone [1][2]. - The claystone sample contained 0.024% total rare earth oxides (TREO) and 1101 ppm lithium, with REE distribution showing approximately 75% light rare earth elements and 25% heavy rare earth elements [2][3]. Testing Results - Chloride leaching yielded solution concentrations of 210 mg/l lithium and 36 mg/l TREO, demonstrating that REEs can be extracted under the same conditions as lithium [3]. - Ion-exchange tests showed high recovery rates for various REEs, with total REO recovery reaching 99.6% [4][5]. Strategic Importance - The Angel Island project is expected to process between 2.75 to 5.5 million tonnes of claystone annually, generating 10 to 20 million tonnes of leach solution per year, which could translate into significant quantities of REEs [8]. - The project is positioned to contribute meaningfully to North America's critical mineral supply chain, enhancing the company's revenue streams [2][9]. Future Development - Century Lithium is currently focused on further reserve definition and metallurgical testing before evaluating the economic contribution of REE recovery [9]. - The company is committed to completing an updated feasibility study and advancing permitting for the Angel Island project, which is crucial for its development [9][12].