Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has earned a repeat ‘Outperform' rating from analysts at Noble Capital following its announcement of a Listed Issuer Financing Exemption (LIFE) offering that aims to raise up to C$5 million. The company plans to issue up to 16.6 million units at C$0.30 each, raising a minimum of C$2 million.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has announced leadership changes and cost reductions as part of a streamlining initiative. Neil Herbert will become non-executive chairman from 1 July, with Keith Muller, CEO, assuming full responsibility for the company's operations and strategy.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has announced a non-brokered financing under the Listed Issuer Financing Exemption (LIFE), with plans to raise between $2 million and $5 million. The net proceeds from the financing will be used to advance the company's wholly owned Angel Island lithium project in Nevada, including an updated Feasibility Study, completion of the Plan of Operations, and progress toward National Environmental Policy Act (NEPA) compliance.
The Arkansas Oil and Gas Commission made a critical royalty ruling in favor of Standard Lithium. This ruling paves the way for lithium development in Arkansas and opens Standard up to potential additional Federal funding. Equinor (who owns 45% of the project) potentially has to pay Standard Lithium $40 million upon certain milestones associated with the Southwest lithium project.
LAC plans to use any net proceeds from the ATM Program, if generated, for general corporate purposes.
Lithium America's price-to-book ratio is 0.36x, indicating deep undervaluation. The sell-off may have been partly justified due to the lithium ups and downs, but not entirely. The company has the potential to increase production from 40,000 to 200,000 tonnes of lithium per year. 2025's production is expected to grow by 18% to 37% YoY. The company recently moved its headquarters from Canada to Switzerland in January, signaling better international positioning.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) told investors it has discovered spodumene pegmatite at its wholly-owned Agboville and Rubino licences in Côte d'Ivoire. Rock-chip sampling, following visual observations, across both licences returned lithium grades up to 1.25% Li₂O.
RIO and Codelco sign an agreement to form a joint venture for a lithium project in Chile's Salar de Maricunga.
Shares in Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) climbed 6% Tuesday after the company reported better-than-expected results from its lithium extraction pilot program at its demonstration plant in Nevada. Century achieved a 91.6% lithium recovery rate using direct lithium extraction (DLE) technology, a significant improvement over previous benchmarks.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) said it achieved better-than-expected lithium recovery rates at its demonstration plant in Nevada. The company reported a 91.6% lithium recovery rate during direct lithium extraction (DLE) pilot testing.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) earlier this week provided an operational update on its lithium project in central Nevada, as CEO Bill Willoughby discussed the company's permitting progress and pilot production milestones. The company said it is nearing completion of its baseline studies and plans to submit its plan of operations shortly.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) CEO Keith Muller talked with Proactive about the company's engagement with the Ghanaian government regarding the mining lease for the Ewoyaa Lithium Project. Muller explained that Ewoyaa is one of the very few hard rock spodumene projects globally that is "essentially shovel-ready," emphasising that the mining lease ratification is the final step before securing financing and offtake arrangements.