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Century Lithium ( (TSE:LCE) ) has issued an announcement.
Century Lithium Corp. announced an extension for the closing of the final tranche of its financing offering to September 2, 2025, to accommodate subscription agreement processing. The offering aims to raise up to $5 million through the issuance of 16,666,667 units, each consisting of one common share and one purchase warrant. The company has already raised approximately $2.87 million in the initial closing. This financing is crucial for supporting Century Lithium’s operations and strategic goals, particularly in advancing its Angel Island project, which is significant for the growing electric vehicle and battery storage market.
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 Angel Island project in Esmeralda County, Nevada. The project hosts one of the largest sedimentary lithium deposits in the United States. The company uses a patent-pending process for chloride leaching combined with direct lithium extraction to produce battery-grade lithium carbonate. Angel Island is in the permitting stage for a production plan expected to yield an average of 34,000 tonnes per year over a 40-year mine-life. Century Lithium is traded on the TSX Venture Exchange, OTCQX, and the Frankfurt Stock Exchange.
Average Trading Volume: 125,150
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$44.54M
See more data about LCE stock on TipRanks’ Stock Analysis page.