12:20 PM EST, 02/24/2025 (MT Newswires) -- Century Lithium ( CYDVF ) on Monday said it a review of expected capital costs for its Clayton Valley Lithium Project in Nevada identified potential cost reductions of up to 25% from its initial estimate of $1.58 billion.

Reductions include changes in flow sheet, equipment selection and updated vendor quotes in the processing areas of filtration, Direct Lithium Extraction (DLE) and the chlor-alkali plant.

"We are very pleased with the outcome of the optimization study. These results, if confirmed by an updated feasibility study, will have a significant impact on the economics of Angel Island," said chief executive Bill Willoughby. "The company is also in the process of outlining new initiatives at Angel Island that will further unlock value for our shareholders."

The company's shares were last seen up $0.02 to $0.27 on the TSX Venture Exchange.

Price: 0.26, Change: +0.01, Percent Change: +4.00