Century Lithium Provides Results of Annual General & Special Meeting
October 30, 2023 – Vancouver, Canada – Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report that all proposed resolutions were passed by the requisite majority at its Annual General & Special Meeting, held on October 30, 2023 via virtual webcast.
Shareholders voted in favour of setting the number of directors at 6, and Bryan Disher, William Willoughby, James Pettit, Donald Myers, Corby Anderson, and Ken Owen were re-elected to the Board.
Shareholders also approved and ratified the Company's Long Term Incentive Plan and the appointment of PricewaterhouseCoopers LLP, as auditors of the Company for the ensuing year.
In addition, shareholders approved the extension on the expiry date of 750,000 currently issued and outstanding stock options held by Abraham Jonker, CFO of the Company (the “Options”) to May 3, 2026, being the date which is five years following the date on which the Options were originally granted. All other terms of the Options will remain unchanged. The Options were granted to Mr. Jonker on May 3, 2021 with an exercise price of $1.25 and original expiry date of May 3, 2024. The amendment of the Options remains subject to TSX Venture Exchange approval.
About Century Lithium Corp.
Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA. Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.
ON BEHALF OF CENTURY LITHIUM CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer
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