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Century Lithium ( (TSE:LCE) ) has issued an update.
Century Lithium Corp. announced that Alpha-En Corporation successfully converted its lithium carbonate into battery-grade lithium-metal anodes using a patented room-temperature process. This collaboration highlights Century Lithium’s material quality and technical capabilities, positioning the company as a significant player in the domestic lithium supply chain. The development supports the growth of the electric vehicle and stationary energy storage markets, with Century Lithium progressing its Angel Island project through permitting and technical development.
The most recent analyst rating on (TSE:LCE) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Century Lithium stock, see the TSE:LCE Stock Forecast page.
Spark’s Take on TSE:LCE Stock
According to Spark, TipRanks’ AI Analyst, TSE:LCE is a Underperform.
Century Lithium faces significant financial challenges with persistent losses and negative cash flows, heavily impacting its overall score. While technical indicators suggest some positive market trends, the lack of profitability and absence of dividends weigh down the valuation. Recent corporate developments show promise but do not significantly alter the financial outlook at this time.
To see Spark’s full report on TSE:LCE stock, click here.
More about Century Lithium
Century Lithium Corp. is an advanced-stage lithium company focused on developing its wholly owned Angel Island project in Esmeralda County, Nevada. The project hosts one of the largest sedimentary lithium deposits in the United States. The company employs a patent-pending process for chloride leaching and direct lithium extraction to produce battery-grade lithium carbonate, catering to the electric vehicle and battery storage markets.
Average Trading Volume: 79,443
Technical Sentiment Signal: Sell
Current Market Cap: C$53.07M
Learn more about LCE stock on TipRanks’ Stock Analysis page.