Tuesday, December 12, 2023
Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Feasibility study expected in the first quarter of 2024. Throughout 2023, Century Lithium has focused on pilot plant operations and completing the Clayton Valley Lithium Project feasibility study which is expected in the first quarter of 2024. Target production for the study will be consistent with the earlier preliminary feasibility study although the company is currently examining the benefits of a phased approach to full scale production.
By-product sales of sodium hydroxide. Clayton Valley uses locally sourced sodium chloride brine which is treated by electrolysis in a chlor-alkali plant to produce the leaching and neutralization reagents needed for the process on-site. In the chlor-alkali plant, sodium hydroxide is produced as a by-product. Pilot plant testing has generated a significant surplus of sodium hydroxide which may be sold as a by-product. The western United States is largely dependent on imports of sodium hydroxide for water treatment and other industrial uses. A market study, to be incorporated in the feasibility study, will reflect the potential for revenue from sodium hydroxide sales.
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