Century Lithium Closes First Tranche of Life Offering
TSXV: LCE | OTCQX: CYDVF
Suite 1030 – 505 Burrard Street, Vancouver, BC V7X 1M5 Canada
NEWS RELEASE
CENTURY LITHIUM CLOSES FIRST TRANCHE OF LIFE OFFERING
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
August 1, 2025 – Vancouver, Canada – Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z)
(“Century Lithium” or “the Company”) is pleased to announce that it has closed the first tranche (the
"Initial Closing") of its previously announced financing under the Listed Issuer Financing Exemption (as
defined below) (the "Offering") of up to an aggregate of 16,666,667 units (each, a "Unit") at a price of
$0.30 per Unit for aggregate gross proceeds of up to $5,000,000. Each Unit consists of one common share
in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each
a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of
$0.45 for a period of 60 months following the issuance of the Units.
Pursuant to the Initial Closing, the Company issued a total of 9,559,833 Units for aggregate gross proceeds
of $2,867,950.
Certain directors and officers of the Company purchased an aggregate of 16 8,333 Units in the Initial
Closing. As a result, the Offering is a related party transaction subject to Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Offering is exempt from
the formal valuation requirements of MI 61-101 pursuant to subsection 5.5(b) of MI 61-101 because the
Common Shares are listed only on the TSX Venture Exchange (the "TSXV") and is exempt from the minority
shareholder approval requirements of MI 61-101 pursuant to subsection 5.5(a) thereof, because neither
the fair market value of the Units to be issued to related parties nor the consideration to be paid by related
parties pursuant to the Offering exceeds 25% of the Company's market capitalization as determined in
accordance with MI 61-101. The Company did not file a material change report more than 21 days before
the expected date of the Initial Closing as the participation therein by related parties was not settled until
shortly prior to the closing of the Offering.
In connection with the Initial Closing, the Company paid a total of $133,907 in cash fees and issued
446,355 compensation warrants to certain finders.
The securities being offered have not, nor will they be registered under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”) or any applicable securities laws of any state of the United
States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S.
persons absent such registration or an applicable exemption from such registration requirements. This
release does not constitute an offer for sale or the solicitation of an offer to buy any of the securities in the
United States or to, or for the account or benefit of, a U.S. person. “U.S. Person” and “United States” are as
defined in Regulation S under the U.S. Securities Act, or elsewhere.
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ABOUT CENTURY LITHIUM CORP.
Century Lithium Corp. is an advanced stage lithium company, focused on developing its wholly owned
Angel Island project in Esmeralda County, Nevada, which hosts one of the largest sedimentary lithium
deposits in the United States. The Company has utilized its patent-pending process for chloride leaching
combined with direct lithium extraction to make battery-grade lithium carbonate product samples from
Angel Island’s lithium-bearing claystone on-site at its Demonstration Plant in Amargosa Valley, Nevada.
Angel Island is one of the few advanced lithium projects in development in the United States to provide an
end-to-end process to produce battery-grade lithium carbonate for the growing electric vehicle and
battery storage market. Angel Island is currently in the permitting stage for a three-phase feasibility-level
production plan expected to yield an estimated life-of-mine average of 34,000 tonnes per year of
carbonate over a 40-year mine-life.
To learn more, please visit centurylithium.com.
ON BEHALF OF CENTURY LITHIUM CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer
For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 764 1851
Toll Free: 1 800 567 8181
centurylithium.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of applicable Canadian
securities legislation. In certain cases, forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an
outlook.
Forward-looking statements relate to any matters that are not historical facts and statements of our
beliefs, intentions and expectations about developments, results and events which will or may occur in the
future, without limitation, statements with respect to the ability to complete a fundraising, potential
development and value of the Project and benefits associated therewith, statements with respect to the
expected project economics for the Project, such as estimates of life of mine, lithium prices, production and
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recoveries, capital and operating costs, IRR, NPV and cash flows, any projections outlined in the Feasibility
Study in respect of the Project, the permitting status of the Project and the Company’s future development
plans.
These and other forward-looking statements and information are subject to various known and unknown
risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that
may cause their actual results, performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and
other factors set out herein. These risks include those described under the heading "Risk Factors" in the
Company’s most recent annual information form and its other public filings, copies of which can be under
the Company’s profile at www.sedarplus.com. The Company expressly disclaims any obligation to update-
forward-looking information except as required by applicable law. No forward-looking statement can be
guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place
reliance on forward-looking statements or information. Furthermore, Mineral Resources that are not
Mineral Reserves do not have demonstrated economic viability.