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Century Lithium ( (TSE:LCE) ) has provided an update.
Century Lithium Corp. has granted 254,167 incentive stock options and 254,167 deferred share units to its non-executive directors as part of its Long-Term Incentive Plan. This move aligns with the company’s strategic focus on advancing its Angel Island project, which is in the permitting stage for a three-phase feasibility-level production plan. The project is expected to produce an average of 34,000 tonnes per year of lithium carbonate over a 40-year mine life, positioning Century Lithium as a key player in the U.S. lithium 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 and utilizes a patent-pending process for chloride leaching combined with direct lithium extraction to produce battery-grade lithium carbonate. The company aims to support the growing electric vehicle and battery storage market with an end-to-end production process.
Average Trading Volume: 225,988
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$43.8M
See more data about LCE stock on TipRanks’ Stock Analysis page.