Century Lithium Unveils Rare Earth Potential at Angel Island Project

The latest update is out from Century Lithium ( (TSE:LCE) ).

Century Lithium Corp. has announced promising results from its Angel Island Lithium Project in Nevada, highlighting the potential for rare earth elements (REEs) as a valuable by-product. The company’s testing demonstrated high recovery rates of REEs using its patent-pending chloride-based process, which could significantly contribute to North America’s critical mineral supply chain. While further evaluation is needed to assess the economic impact, these findings underscore the strategic importance of REE recovery for Century Lithium, offering a potential additional revenue stream and enhancing the project’s value.

The most recent analyst rating on (TSE:LCE) stock is a Buy with a C$2.30 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. operates in the mining industry, focusing on the extraction and processing of lithium and rare earth elements. The company is primarily engaged in developing its Angel Island Lithium Project in Nevada, USA, where it aims to produce lithium carbonate and sodium hydroxide, with a potential secondary focus on rare earth elements.

Average Trading Volume: 160,601

Technical Sentiment Signal: Sell

Current Market Cap: C$50.41M

See more data about LCE stock on TipRanks’ Stock Analysis page.