The lithium price is firmly holding its ground above $20,000 per tonne, there has never been as much political support as there currently is for domestic lithium projects in the United states, yet Century Lithium (LCE.V) is trading at in excess of 20% below the price its most recent financing was conducted at.

While the market is still applying a ‘wait and see’ approach, the stars are starting to align for the company. Century Lithium also recently emphasized the increased reagent prices for sulfuric acid have no impact on the Angel Island project considering it uses a whole different approach as its proprietary metallurgy doesn’t use any sulfuric acid.

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Century’s competitive advantage: using the chlor-alkali process

Just last week, Century Lithium provided an update to the market highlighting its proprietary production process without the use of sulphuric acid.

Century Lithium will now also move its demonstration plant from Amargosa Valley to Tonopah. A move that makes sense as it will be helpful to centralize the operations which will make it easier to showcase the Angel Island project and the use of the proprietary technology to interested partners. After all, Century Lithium’s next phase will be to work on permitting and funding for the project.

It’s perhaps also important to reiterate that the entire economic study on the Angel Island lithium project is based on Century Lithium’s patent pending chlor-alkali process. In that process, sodium chloride is used to produce hydrochloric acid and sodium hydroxide. The hydrochloric acid leaches the lithium from the claystone while the sodium hydroxide provides acidity level control throughout the entire production process. The excess sodium hydroxide could be sold, generating a by-product revenue which enhances the overall project economics.

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