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An update from Century Lithium ( (TSE:LCE) ) is now available.
Century Lithium Corp. has signed a non-binding memorandum of understanding with Orica Specialty Mining Chemicals to formalize a multiyear offtake agreement for the sale of sodium hydroxide from its Angel Island project. This collaboration marks a significant step for Century Lithium, as it aims to strengthen the U.S. supply chain and reduce reliance on imports, thereby supporting the mining industry in Nevada. The agreement is expected to help maintain low operating costs for the production of lithium carbonate, enhancing Century Lithium’s competitive position in the market.
More about Century Lithium
Century Lithium Corp. operates in the mining industry, focusing on the extraction of lithium and related products. The company employs innovative processes to produce lithium carbonate and surplus sodium hydroxide from its Angel Island project in Nevada.
YTD Price Performance: 8.33%
Average Trading Volume: 58,232
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$48.59M
Find detailed analytics on LCE stock on TipRanks’ Stock Analysis page.
