Century Lithium Corp V.LCE

Alternate Symbol(s): CYDVF

Metals & Mining Industrial Metals & Minerals

Century Lithium Corp. is a Canada-based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, United States. The Company is engaged principally in the acquisition, exploration, and development of its mineral properties. The Company is in the pilot stage of testing on material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada. It is focused on being a domestic producer of lithium for the electric vehicle and battery storage market. The Clayton Valley Lithium Project is located in Esmeralda County, in west-central Nevada, United States, immediately east of Albemarle’s Silver Peak mine.

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Post by aliupon Mar 19, 2021 9:15am

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Post# 32836610

Another pilot plant nearby

Clayton Valley Lithium Developments Impacting Sienna Resources

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2021) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") wishes to report on recent activities in Clayton Valley, Nevada. Yesterday, Schlumberger New Energy Venture "announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing economy and maximize the value of the lithium-rich resource base in Nevada with cutting-edge extraction technology.

The pilot plant's deployment is part of the Pure Energy Minerals agreement with Schlumberger New Energy for the development of its Nevada lithium brine property, using advanced technology to process the brine and extract high-purity lithium, maximizing the lithium resource recovery. Commissioning of the pilot plant will begin following receipt of all necessary permits. NeoLith Energy intends to begin operations before the end of 2021." Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the company's properties.

Jason Gigliotti, President of Sienna Resources states, "This is one of the most significant advancements in Clayton Valley lithium to date. Having an energy giant of Schlumberger's magnitude moving forward with this pilot plant for lithium is a major development. Sienna has property in the deepest section of the brine deposit (see map) that Pure Energy and Schlumberger have an agreement on. Not only is this great news for the deepest section of the brine formation in this specific region of the Clayton Valley, but both President Biden and Prime Minister Trudeau have recently committed to building an EV supply chain in North America at a time when the price for lithium has increased by close to 100% in the past 3 months. The Clayton Valley of Nevada is the preeminent lithium address in North America, and we are very excited about how the future of Clayton Valley is playing out especially in light of the new Schlumberger news. Sienna has one of the most strategically located properties in Clayton Valley located in the deepest section of the only brine producing basin in North America. We are very active in Scandinavia and we are constantly watching Clayton Valley as developments progress at a rapid pace. 2021 will be a breakout year for Sienna Resources Inc. and management could not be more optimistic about the coming months for Sienna."

Clayton Valley Lithium Map