Century Lithium Corp. (TSX-V: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) is pleased to announce it signed a non-binding memorandum of understanding with Orica Specialty Mining Chemicals on January 16, 2025. The non-binding MOU outlines the intent of Century Lithium and Orica to formalize a multiyear offtake agreement for Orica to purchase sodium hydroxide (NaOH) from Century Lithium’s wholly owned Angel Island project near Silver Peak, Nevada. Orica is one of the world’s leading mining and infrastructure solutions providers, and a major US manufacturer and supplier of specialty mining chemicals to Nevada’s mining industry.

“The non-binding MOU with Orica marks a key milestone for Angel Island,” said Century Lithium President and CEO, Bill Willoughby. “The MOU outlines the first expected agreement of its kind for the project and involves a large portion of the surplus sodium hydroxide anticipated during the early years of operation. We are excited to work with Orica and have their support at this stage of development at Angel Island.”

Orica President Specialty Mining Chemicals Andrew Stewart said: “This collaboration signifies our commitment to strengthening and unlocking Nevada’s manufacturing and mining sectors. By securing a reliable source of sodium hydroxide from Angel Island, we strengthen the local supply chain and reinforce our dedication to innovative US manufacturing solutions for our customers in North America.”

Century Lithium patent-pending process for extracting lithium from the claystone at Angel Island combines chloride leaching with direct lithium extraction and uses salt, in the form of solid sodium chloride or saline brine, to make the reagents for leaching and pH control. In addition to lithium, the process produces surplus sodium hydroxide, the sales of which are anticipated to underpin low operating costs for Angel Island’s primary product, lithium carbonate.

Highlights of MOU

• Century Lithium to intends to provide Orica membrane-grade sodium hydroxide (NaOH)
• Initial 5-year term, right of first offer for an additional 5 years
• Pricing to be determined by definitive agreement
• Orica – Century Lithium relationship will strengthen the U.S. supply chain, reducing reliance on imports of NaOH to the western U.S. and supporting Nevada’s mining industry

ABOUT ORICA

Orica (ASX: ORI) is one of the world’s leading mining and infrastructure solutions providers. From the production and supply of explosives, blasting systems, specialty mining chemicals and geotechnical monitoring to our cutting-edge digital solutions and comprehensive range of services, we sustainably mobilize the earth’s resources.

Operating for more than 150 years, today our 14,000+ global workforce supports customers across surface and underground mines, quarry, construction, and oil and gas operations.

With a sodium cyanide manufacturing plants located in Winnemucca, Nevada and Alvin Texas, Orica is now the world’s largest producer of sodium cyanide and supplier to the Nevada mining industry, a leader in U.S. gold production. Find out more about Orica: www.orica.com

ABOUT CENTURY LITHIUM CORP.

Century Lithium Corp. is an advanced stage lithium company, focused on developing its wholly-owned Angel Island project in Esmeralda County, Nevada, which hosts one of the largest sedimentary lithium deposits in the United States. The Company has utilized its patent-pending process for chloride leaching combined with direct lithium extraction to make high purity lithium carbonate product samples from Angel Island lithium-bearing claystone on-site at its Pilot Plant in Amargosa Valley, Nevada.

Angel Island is one of the few advanced lithium projects in development in the United States to provide an end-to-end process to produce battery quality lithium carbonate for the growing electric vehicle and battery storage market. Angel Island is currently in the permitting stage for a three-phase feasibility-level production plan expected to yield an average of 34,000 tonnes per year of lithium carbonate over a 40-year mine-life.

Century Lithium trades on both the TSX Venture Exchange under the symbol “LCE” and the OTCQX under the symbol “CYDVF”; and on the Frankfurt Stock Exchange under the symbol “C1Z”. To learn more, please visit: centurylithium.com.