Century Lithium feasibility study update boosts angel Island project economics, Noble Capital says

Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) precocious filed its 2026 NI 43-101 feasibility survey for the 100%-owned Angel Island Lithium Project successful Nevada, which Noble Capital Markets analysts said materially enhances the project’s economical profile.

The updated survey incorporates engineering optimization, aviator works validation, and refinements to the excavation plan, strengthening the project’s fiscal outlook.

Phase I superior expenditures are estimated astatine $997 million, down from $1.5 cardinal successful the 2024 study, with improvement present structured successful 2 phases. Phase I contemplates 7,500 tonnes per time of mill feed, expanding to 15,000 tonnes per time successful Phase II, with enlargement superior of $660 million. A antecedently planned 3rd signifier has been removed, lowering wide superior requirements.

The survey models 40 years of production, with life-of-mine mean output of 26,500 tonnes per twelvemonth of battery-grade lithium carbonate.

Using a lithium carbonate terms of $24,000 per tonne and an 8% discount rate, the after-tax nett contiguous worth (NPV) is $4.01 cardinal and the after-tax interior complaint of instrumentality (IRR) is 27.4%.

Average operating costs are estimated astatine $22.45 per tonne of mill feed, oregon $4,389 per tonne of lithium carbonate.

“The operation of large-scale reserves, agelong excavation life, improved superior efficiency, beardown projected returns, and an integrated processing exemplary positions Century Lithium arsenic a strategically important home lithium improvement institution with important leverage to semipermanent lithium request growth,” the analysts wrote.

The steadfast maintained an “Outperform” standing connected Century Lithium and raised its per-share terms people to US$3.05 (C$4.15), citing improved economics, agelong excavation life, large-scale reserves, and the project’s vertically integrated processing model, including on-site nonstop lithium extraction and a chlor-alkali installation that produces sodium hydroxide arsenic a co-product.

At the clip of writing, Century Lithium shares traded astatine US$0.27, giving the institution a marketplace capitalization of US$44.7 million.