CYDVF - Dual-Listed Lithium Miner Announces Provisional Patent News

2023-09-07 10:19:21 ET

The need for %Lithium remains strong as the world moves away from fossil fuels. This company’s patent-pending system is based on the extraction of lithium from solids using both products of a chlor-alkali process, hydrochloric acid and sodium hydroxide and has just obtained a provisional patent with the U.S. Patent and Trademark Office, U.S. Department of Commerce. The %CenturyLithium (TSXV: ) (OTCQX: ) provisional patent is titled System and Method for Extracting Lithium from Clay and Other Materials in a Chloride Solution Using Individualized Pretreatments .

The patent-pending process encompasses the company's flowsheet, as developed at its Lithium Extraction Facility in Amargosa Valley, Nevada and protects Century Lithium's intellectual property pertaining to the handling of solutions derived from the treatment of solid materials, including clays from their Clayton Valley Lithium Project in Nevada.

Century Lithium is an advanced-stage lithium company focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada. The firm is in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Nevada facility and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market. Canadian shares were trading at $0.72 in morning trade.