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Century Lithium ( (TSE:LCE) ) has provided an announcement.
Century Lithium Corp. announced that First Phosphate Corp. has successfully produced commercial-grade lithium iron phosphate (LFP) 18650 format battery cells using lithium carbonate from Century’s Angel Island project. This collaboration highlights Century Lithium’s role in strengthening the North American supply chain for LFP batteries, which are crucial for mobile and stationary energy storage systems. The announcement underscores the potential impact on Century Lithium’s operations and its strategic positioning in the growing battery industry.
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 company utilizes a patent-pending process for chloride leaching combined with direct lithium extraction to produce battery-grade lithium carbonate. Angel Island is one of the few advanced lithium projects in the United States, aiming to support the electric vehicle and battery storage market with a planned production of 34,000 tonnes per year over a 40-year mine life.
Average Trading Volume: 66,963
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$42.61M
See more insights into LCE stock on TipRanks’ Stock Analysis page.